Managing money in different currencies can be tricky for businesses. If you sell products or services to customers in other countries, you need to keep track of exchange rates.
These rates change often, and updating them manually takes a lot of time. But don’t worry—HubSpot has a new feature to make this easier!
Let’s learn how HubSpot’s automatic exchange rate updates can help your business.
What’s New?
HubSpot now lets admins schedule automatic updates for exchange rates. This means you don’t have to update currency values manually anymore. You can choose how often the updates happen—monthly, quarterly, or annually.
This ensures that your currency conversions are always accurate and up-to-date.
How It Helps You
This new feature is a game-changer for businesses. Here’s why:
Saves Time
Updating exchange rates manually can take hours. With HubSpot’s automation, you can focus on more important tasks while the system handles the updates for you.
Also read : What is HubSpot? A Guide to All-in-One Platform
Reduces Errors
When you update exchange rates manually, there’s always a chance of making mistakes. HubSpot’s automatic updates ensure that your currency values are always correct.
Preserves Financial Accuracy
When a deal is closed, HubSpot keeps the exchange rate from that time. This makes sure your financial reports and forecasts are accurate, even if exchange rates change later.
Who Can Use It?
This feature is available for all HubSpot users, whether you’re on the Starter, Professional, or Enterprise plan. It works across all Hubs, so no matter what tools you use, you can benefit from it.
Right now, the feature is in Private Beta, which means it’s being tested by a small group of users before it’s available to everyone.
Why This Matters for Businesses
If your business works with customers in different countries, managing multiple currencies is a big deal. Exchange rates can change quickly, and even small mistakes can lead to big problems.
With HubSpot’s automatic updates, you can avoid these issues. Your financial reports will be more accurate, and you’ll save time that you can use to grow your business.
How to Get Started
If you’re a HubSpot admin, you can start using this feature right away (if it’s available in your account). Here’s how:
- Go to your HubSpot settings.
- Look for the option to enable automatic exchange rate updates.
- Choose how often you want the updates to happen (monthly, quarterly, or annually).
- Save your settings, and you’re done!
If you’re not sure if you have access to this feature, check with HubSpot support or your account manager.
FAQs
What is HubSpot’s automatic exchange rate update feature?
It’s a tool that lets HubSpot admins schedule automatic updates for currency exchange rates, so you don’t have to do it manually.
How often can exchange rates be updated?
You can choose to update rates monthly, quarterly, or annually.
Why is this feature important?
It saves time, reduces errors, and ensures accurate financial reporting for businesses dealing with multiple currencies.
Who can use this feature?
It’s available for Starter, Professional, and Enterprise tiers across all Hubs. Right now, it’s in Private Beta.
How does this feature help with financial accuracy?
Closed deals keep the exchange rate from the time they were closed, so your financial reports stay accurate even if rates change later.
Bottom Line
HubSpot’s new automatic exchange rate update feature is very helpful for businesses that work with multiple currencies. It saves time, reduces errors, and keeps your financial records accurate.
If you’re tired of updating exchange rates manually, this feature is for you. Give it a try and see how much easier it makes your work!
