What is a key characteristic of standard currency in Adaptive Planning?

A key characteristic of standard currency in Adaptive Planning is that it includes predefined currencies. This means that the application comes with a set of currencies that are commonly used and recognized in global financial practices. By having predefined currencies, the system streamlines the process of financial reporting and analysis, as users can easily select from a list of recognized currencies rather than having to define every currency they might want to use from scratch.

Having a set of predefined currencies also ensures consistency in financial data across different departments or divisions within an organization. It helps reduce errors that could arise from users incorrectly entering currency symbols or codes. In addition, these predefined currencies are typically linked to exchange rates, which can be automatically updated, enabling more accurate and real-time financial reporting.

While there may be options for customization in some contexts, the primary focus of standard currency in this scenario is its predefined nature, which facilitates ease of use and accuracy in financial planning and reporting.