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  • The Armature A Series enables multi-currency transactions and international taxation

The Armature A Series enables multi-currency transactions and international taxation

Johannesburg, 29 Oct 1999

Multi-currency transactions and international taxation issues are managed with the latest release of the A Series software from Armature, a world leader in providing integrated supply chain solutions to the industry.

The latest release of the A Series offers functionality that enables retailers to source products globally, confident that their information technology investments can issues relating to currency change and tax.

"As retailers increasingly source their products globally to meet requirements of cost and quality, they must be confident that their supply chain software can manage the issues that this may create," said Melissa Cupis, Head of Product Marketing at Armature. "The A Series is now able to support the requirements of a multi-national organization operating in a number of countries, that trades with customers and suppliers and ships goods internally across international and currency boundaries."

The new Library Definition product, Financial Organizer, allows for the complete management of multi-currency throughout the A Series via exchange rate maintenance and specification of conversion between currencies. Conversion between European currencies is supported through triangulation and conforms to the European Community (or whatever the C stands for) rounding .

In addition to this, Financial Organizer provides capabilities to record tax information for any number of governmental authorities, thus providing support at a truly international level.

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Armature

Armature is a leading international software company supplying information technology solutions that integrate and automate the retail supply chain. A pioneer in the area of data architecture for the retail enterprise, the company`s clients are the world`s leading food, drug, auto aftermarket and general merchandise retail organizations. Clients include Ahold USA, American Stores Company, Asda, B & Q, Halfords, Marsh Supermarkets, Pep Boys, Publix Super Markets, Save Mart, Somerfield, SuperValu, Waitrose, and Wal-Mart. Armature employs more than 500 retail professional and support staff across its offices in Chicago and Seattle (US), Bracknell & Leeds (UK), Amsterdam (Holland), Dusseldorf (Germany) and Johannesburg (South Africa).