How to manage multi-currency projects in VOGSY

We made VOGSY so you can easily manage international projects in multiple currencies. VOGSY answers key operational questions like:

• Can I run my project in different countries using different currencies?

• I run a project from country X with currency Y, but my customer wants an invoice in currency Z.

• I have resources from 3 different countries working for me. Can I get a good overview of their cost and sales rates?

• Can I have price lists for specific countries in local currencies?

• Can I handle expense claims in multiple currencies?

• Can I handle purchase invoices in multiple currencies

• We run projects in numerous countries using local currency but want to report revenue and margins in the top holding's base currency. Is that possible?

• In our operating companies, we use different financial packages in local currencies. Can we connect to these local solutions in their respective currencies?

With VOGSY's international company structure, you can:
- Set up projects for any country using any currency
- Manage multi-country deliverables within a single project
- Assign the appropriate VOGSY company entity to each deliverable for proper localization

This setup ensures your global teams can collaborate effectively, without manual conversions or disconnected data.

Even if your project is managed in one currency (e.g., your local currency), you can invoice your customer in a different currency, based on their preference.

• Set the invoice currency at the project level

• VOGSY handles the rest, converting values as needed.

VOGSY allows you to define price lists in specific currencies. These price lists:

- Set standard sales rates for activities

- Automatically assign the invoice currency to match the price list currency when selected for a project

This keeps your pricing consistent and clear across all regions.

When your resource pool consists of people working from different countries and currencies, keeping track of the actual cost rates in your project and the effects on profitability can be cumbersome.

Not with VOGSY. After setting up your multinational resource pool, allocating resources to your project results in an immediate rate conversion, so you see all resource costs in your local currency.

In VOGSY, all expense claims and purchase invoices can be recorded and paid in any currency.

VOGSY automatically converts all amounts to the project's currency and the company's base currency for reporting purposes.

One of VOGSY's biggest strengths is its automatic, real-time data conversion to your company's base currency.

Every project's revenue, cost, or margin in any local currency is immediately stored in the base currency. VOGSY gives you a real-time consolidated view of your company's finances and project health.

Global operations often require local financial software to comply with local laws, tax rules, and currency standards.

VOGSY can connect with local software in various configurations:

• Multiple concurrent finance or invoicing tools, regardless of currency

• One finance software with multiple sub-administrations

• Several localized instances of the same tool

• - Different vendors across regions

You can easily set up these integrations so that VOGSY functions as your centralized project accounting layer, while local tools handle compliance and local financial processing.

You can read more about how to set up multiple local finance integrations.