back to article SAP admits HANA Cloud makes for multicurrency messes

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 Sunday post by SAP S/4HANA …

  1. Korev Silver badge
    Pint

    SAP's cloudy editions are updated biannually, so anyone stuck with this multicurrency mess could reasonably try holding their breath for a fix. Failing that, check out the on-premises edition.

    Nice one Laura!

    1. Anonymous Coward
      Anonymous Coward

      Close but PCE

      S/4 HANA private cloud edition (PCE) has the same foundation as S/4 HANA on premise so proven multi-currency support as used by 70% of multi-national corporations.

      1. johnfbw

        Re: Close but PCE

        I don't believe 70% of the world's multinationals are using S/4 HANA - I think that figure is for SAP

  2. AMBxx Silver badge
    FAIL

    I'm surprised

    I sell a bit of software for a US company that bases its European operations in Bulgaria (long story). In Bulgaria, it's normal for a company to use Euro as a base currency even though it's not the national currency.

    I'd have thought it would be the same for EU countries that have either opted out of the Euro or have not yet joined.

    Surprised that this didn't come up at SAP before now.

    1. Binraider Silver badge

      Re: I'm surprised

      It probably has came up, just clients have accepted that it's a bag of shit and went along with it anyway in whatever random state it decided to be in today.

    2. katrinab Silver badge
      Thumb Up

      Re: I'm surprised

      Same in the UK. It is normal for companies to use Euros or US Dollars as their base currency. Perhaps the most well known example is HSBC which uses US Dollars as its base currency. There are more US Dollars transacted in the UK than in the USA, and more Euros transacted than in the whole of the rest of the world.

  3. sebacoustic

    Singapore

    no wonder, since an anagram of S/4HANA (=siahana) is: Asia? nah!

  4. Zippy´s Sausage Factory
    Devil

    So you're telling me the cloud version of S/4HANA isn't compliant with Singaporean law? That sounds like something their competitors will be delighted to start using in their advertising.

  5. Steve McIntyre

    Surprised?

    Surprised that a version of SAP is not fit for purpose? Say it ain't so!

  6. Pascal Monett Silver badge
    Facepalm

    "lengthy and complex workarounds"

    All required because someone, at the specification stage, wrote "local currency" when discussing currencies and everybody just went along with it.

    After all, you're only setting up a cloudy thingy on a communications network that goes around the world, it's not like you should actually take into account any specific financial considerations, such as accounting departments in multinational corporations having to deal with multiple currencies, right ?

    Right.

  7. david 12 Silver badge

    local currency conventions...

    Aus is a "third party" to FX rates, which are traditionally referenced to EITHER NYC or London, except USD and GBP, which are referenced to AUD. Unless you are an international company, in which case your FX reports to the parent company have to reference AUD to USD or GBP.

    I have sympathy for the report programmers. There are always some reports where it is bloody difficult to decide not only what the base currency is, but how the value of the third currency should be reported, and if the conversion rates are North-Side-Up or South-Side-Up.

    1. katrinab Silver badge
      Alert

      Re: local currency conventions...

      Yes, in London, it is always number of foreign currency units per pound. The Eurozone does the same (number of foreign currency units per Euro), which means they report the GPB/EUR rate differently.

      New York does it differently depending on the currency (sometimes number of dollars per foreign currency unit, sometimes the other way round), so GBP/USD and GBP/EUR are reported the same as in London and Frankfurt respectively.

      Most of the time it is obvious which way round it is from whether or not the number is <1 or >1, but when you have EUR/CHF where both are about the same value, then you really have to check.

  8. Binraider Silver badge

    Perhaps SAP 4/HANA should consider internally operating in Dogecoin for interoperability between all currencies.

    Because blockchain, mehhhh

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