Singapore dollar snafu used to illustrate workaround
SAP has admitted the cloudy cut of its S/4HANA service does not allow an organization to use currencies other than what a user's location suggests is appropriate.
"Singapore law permits corporates and legal entities to change their reporting and local currency to USD instead of SGD," explains a Sundayby SAP S/4HANA product expert, Shakeel Ahmed. He describes use of the facility as"a popular exercise, which is in practice by several corporates as they keep USD as their primary reporting currency in Singapore."
But Ahmed also notes that"Lately, I have observed that many customers and consultants are struggling with this issue, and they are expressing their concern over it." That concern stems from the fact the cloudy version of S/4HANA can't cope with the mix of currencies. "Here is the catch, AT THE MOMENT, S/4HANA Cloud does not allow to change the local currency of the company code in which it is created. E.g., local currency for USD for US company code, SGD for Singapore company code etc."His post doesn't detail in which moment SAP might address the situation. It does, however, detail lengthy and complex workarounds.
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