Activating Currencies

FlexNet Manager Suite 2022 R2 (On-Premises)

Every enterprise starts with a single currency in FlexNet Manager Suite. You can activate additional currencies that you would like to use. Once a currency has been active, you can also choose to retire the currency (provided it is not currently your default enterprise currency). A currency may not be used for transactions dated while the currency is retired.

You may activate as many currencies as your enterprise needs. Keep in mind that every active currency will be available for every financial entry field, so consider keeping the set of active currencies to the minimum set that meets genuine requirements. Once activated, a currency cannot be deleted or removed from your enterprise (although it can be retired when necessary).

To activate a currency:

1. Navigate to the system menu ( in the top right corner) > System Defaults, and select the Currency Settings tab.
2. Do one of the following:
   • If the currency is already present in the list of currencies for your enterprise (but marked as Retired), click the pencil icon to edit its Usage setting.
   • If the currency you want as to activate is not already listed, click Add a currency, and continue with the following steps.
3. From the Currency pull-down, select the new currency to activate for your enterprise.
   Tip: If your desired currency is not available in the pull-down list of options, please contact your Flexera Support engineer to request that it be added to the list.
4. Complete the additional information for this currency.

   Default exchange rate

   Set a baseline exchange rate for this currency, compared to the reference currency (displayed after this field).

   Tip: As this is to be your enterprise default currency, it is likely that you will also make this your reference currency for your system default exchange rate information. In this case, you should specify the exchange rate value of 1 (that is, 1:1 exchange rate of this reference currency with itself).

   Property format

   Specify a prefix and suffix to be shown in editable fields within property sheets and similar places. The system defaults for this currency are displayed, but you may edit them to your preference. To the right of the prefix and suffix fields, a sample value is displayed using the values you edit.

   List format

   Similarly specify a (possibly different) prefix and suffix for use when the monetary value appears in reports, lists, and other non-editable locations where space may be limited.
   For example, you can make the currency appear as $1,234.56 AUD in editable fields (the prefix and suffix disappear during editing in those fields), and use a shorter form of A$1,234.56 in lists and reports.

   Tip: You cannot retire a currency at time of creation. If you want to prevent transactions being entered in this currency for a while, you must edit the currency and change this property separately.
5. Click Add.
   The new details are added to the database, and after a moment the Currency Settings tab refreshes with the extended list of currencies including your new addition.

   Note: The newly active currency is also added to every exchange rate set you have previously recorded.