VEMS now provides comprehensive end-to-end multi-currency functionality, allowing studios to manage projects from inception to completion in their local currency while seamlessly handling international vendor bidding and automated exchange rate conversions.
- End-to-End Local Currency Support. VEMS now fully supports your project's local currency throughout the entire lifecycle, eliminating the previous restriction to US dollars.
- Studio-Wide Defaults. Studio administrators can establish a global default currency within the Settings menu, which will automatically apply to all newly created projects.
- Project-Specific Customization. Teams can adjust the designated currency while a project maintains a "New" status. This currency selection becomes permanently locked once the project is officially activated.
- Unified Financial Visibility. All financial indicators—including data grids, summaries, detailed breakdown pages, Excel exports, generated reports, and automated notifications—will dynamically display the selected project's currency symbol.
- Localized Vendor Bidding. International vendors can continue to submit bids in their native currency. For example, a US-based vendor working on a UK-pound project will still input bids in USD, while the studio interface automatically displays the converted figures in GBP.
- Centralized Exchange Rate Management. Foreign exchange rates are now dynamically calculated and updated directly against the specific project's designated currency.