This video provides a comprehensive overview of the Multi-Currency extension pack available through Bonterra's CyberGrants platform. The extension enables administrators to operate their giving programs globally by allowing submission, approval, and payment in local currencies while maintaining conversion to a base currency. Key features include a Min/Max table for setting currency-specific gift amounts and limits per proposal type, a multi-currency match function that calculates appropriate match amounts in local currencies, and specialized portlets that display donor balances in both local currency and base currency equivalents. The functionality also allows for currency conversion using either floating rates from the CyberGrants Standard Currency Table or static rates that can be updated annually.
The extension includes important technical components such as submission criteria functionality that prevents donors from submitting transactions when their balance is zero or below minimum requirements, and match functions that properly calculate available balances across multiple currencies. Implementation follows Bonterra's vetted methodology to ensure system integrity and avoid unexpected behavior or data loss. For existing accounts, the process includes both customization impact analysis and currency backfill of historical records, while new programs can start with the functionality activated from the beginning.
After viewing this video, connect with the Implementation team to determine if the Multi-Currency Extension Pack is suitable for your organization’s global giving needs. It's important to note that this extension requires participation in comprehensive User Acceptance Testing before deployment to production, and donors' local currencies must be provided through the HR data feed. Program administrators should also be aware that any post-implementation modifications may incur additional costs, and there may be small rounding discrepancies due to currency conversion. For further information or to proceed with implementing this extension pack, please contact your assigned Project Manager.
