Simplify global reconciliation: Multi-currency conversions now in Prophix One

You’re days away from close. You’ve reconciled the accounts. Now you’re chasing down FX rates, converting balances manually, and hoping the spreadsheets all line up.

That’s not just frustrating, that’s risky. And for most finance teams, this happens every month—like clockwork.  

That’s why we’re excited to announce that multi-currency reconciliations are now available in Prophix One Account Reconciliation – giving your team a smarter way to manage currency conversions at scale with accuracy, automation, and visibility.  

Convert with confidence across every entity, every account

Transform the way you handle multi-currency reconciliation with Prophix One and get:  

• Dual currency visibility: Store and reconcile balances in both local and reporting currencies.  
• Built-in FX rate management: Apply period-specific conversion rates and automate FX logic without manual entry.
• GL-connected data: Reconcile directly from your ERP data to reduce discrepancies and avoid version control issues.
• Centralized workflows: Manage and standardize all tasks, approvals, and documentation in one place for better accountability.

Unlike traditional reconciliation tools or manual processes, Prophix One was designed for finance; giving you everything you need to reduce risk, accelerate close, and scale with confidence. Whether you're managing global payroll, tax accounts, or bank balances, you now have a consistent, auditable, and efficient way to do it.  

Is Prophix One Account Reconciliation the right tool for you?  

If your general ledger holds balances in more than one currency, or your reconciliation process touches global accounts, this release is built for you.  

Common use cases include:  

• Reconciling bank, tax, or payroll accounts across different regions
• Companies with international subsidiaries reporting in multiple currencies
• Teams reconciling to both entity-level and account-level currencies 

More accuracy. Less manual work. Faster close.

This isn’t just a new feature, it’s a smarter way to work. Multi-currency reconciliations give your team more time and accuracy when it matters most.

Here’s what you can expect from multi-currency reconciliations:

• Cut hours of manual effort from your close – you no longer need to hunt for FX rates or enter conversions by hand  
• Avoid costly FX errors and eliminate back and forth  
• Track every action and make your audit easier  
• Reclaim your time to focus on review and reporting, not data entry  

Are you ready to transform your reconciliation process?  

Multi-currency conversion shouldn’t be what holds up your close. With Prophix One, you can streamline every step of the process – giving you more time, accuracy, and fewer late nights.  

Multi-currency conversion is now available in Prophix One Account Reconciliation. 
Let’s talk about how to enable it for your team.