Converting different currencies to local currencies has become a common issue for global businesses.
Before you realize it, this issue starts affecting your sales in the international market.
The key is to focus on ensuring a smooth currency conversion and simple multi-currency reporting. Otherwise, it will reflect multiple challenges—exchange rate fluctuation, complex calculations, etc.
Several tools that WooCommerce Marketplace provides often lack the necessary features or simplicity that customers expect.
Not anymore!
Instead of using the try-and-test method and affecting sale rates, try Putler. This powerful analytics tool provides a user-centric platform for currency exchange.
Why should you choose Putler for multi-currency reporting?
Putler can handle multiple currency reporting, enabling you to provide an excellent user experience.
The multi-currency model depends on the payment gateway system.
This Woo analytics tool supports 36 currencies with real-time reporting.
You can easily switch the base currency with just a click. Putler supports some of the most widely used payment gateways, including PayPal, Stripe, and Braintree.
How does Putler manage multiple currencies?
- Putler uses fixer.io to get historical exchange rates.
- Putler uses the mid-market closing rate as the exchange rate on the transaction date.
- The exchange rates we use and the payment gateways display will always be approximately the same. A slight difference may occur when dealing with multiple currencies.
For example, you may notice a slight difference in the total sales amount when you compare Putler and Stripe’s dashboards.
- This tool stores the current exchange rate whenever a transaction is processed, making the process error-free.
- Works as a multi-accounting tool; no need to get additional software.
- Provide over 100 business metrics, including RFM segmentation, team sharing, goal setting and more.
With Putler, Multi-Currency Management for your eCommerce business seems like a breeze, thanks to its seamless multicurrency support.
Integrate your payment gateways with Putler and enjoy streamlined multi-currency reporting. Putler also provides reports about products, orders, customers, subscribers, etc.
Summing up
In today’s world, an efficient multi-currency accounting management tool is essential. It will help you connect with global customers and increase sales.
This will ensure accuracy in financial reporting, help with strategic decision-making, and keep you aware of the impact of the exchange rate on your business.
Use the live demo to understand it better.