Forecast in foreign currency - do others do this?

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amybshore
amybshore Member, ALL USERS Posts: 3 Occasional Contributor
in Planning & Modeling

We are beginning our initial Anaplan build now for forecast, and we're trying to determine the best way to dollarize our unit forecast in appropriate foreign currencies and then roll up to a USD forecast.  We're working with a business partner to implement, but our internal IT team is questioning if this is core Anaplan functionality or if we are forcing something not widely done.  Could others confirm if loading daily fx rates and doing these forecast valuations in Anaplan is something widely done?  Thanks!

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  • amybshore
    amybshore Member, ALL USERS Posts: 3 Occasional Contributor

    Thanks!  But do you know if this is widely done within a Forecasting model directly?  We aren't launching the finance module, and we're trying to ensure that we aren't trying inappropriately to recreate a financial function in our Demand module.

  • amybshore
    amybshore Member, ALL USERS Posts: 3 Occasional Contributor

    Thanks -- but to confirm, is this widely done directly in the forecasting model?  We're trying to ensure we aren't trying to recreate a financial function in Demand (we aren't implementing the finance module)...thanks!

  • jedwards
    jedwards Member, ALL USERS, Partner, Certified Master Anaplanner, Certified Model Builder Posts: 5 Certified Master Anaplanner

    Hey @amybshore - short answer is yes this is frequently done in order to get an overall view of revenue impacts from Demand drivers/assumptions/scenarios. Demand and Revenue are so closely tied that it's uncommon to just have a Unit forecast without revenue, and in order to role up Demand Planning to a company-wide view, FX will come into the picture. Majority of clients will have FX conversion to USD (or reporting currency of choice), and the ability to flip reports between LC and Reporting currency. Hope this helps!

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