A step towards internationalisation - Abacus enables one key currency per division

The challenge today: Separate clients for different currencies

Until now, companies with locations where accounts were kept in different currencies had to maintain a separate client for each location. As a result, master data for projects, employees or addresses that are relevant for several locations had to be maintained separately in each client. Employees working in both Switzerland and Germany, for example, had to record their working hours in two different clients. Consolidation is also necessary for the cash management of the entire group. For many internationally active companies, this led to complex processes and made transparency across the entire group more difficult - a key challenge that is particularly noticeable in an increasingly networked, international market.

Using the Abacus Group as an example, the initial situation and the presentation of the divisions with Abacus Version 2025 can be visualised as follows:

One client for all countries and currencies

With Abacus Version 2025, the effort of maintaining separate clients for companies using different currencies is a thing of the past. All locations can be managed centrally and efficiently in one client. This means that customer and supplier data, working hours and other data can be maintained centrally and are immediately available for all locations. This innovation significantly reduces the administrative workload and provides an overview of current information, such as the group's financial figures, at all times. The most important advantages of the new functions at a glance: