Which feature effectively allows you to "lock" the converted amount on closed opportunities?
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The feature that effectively allows you to "lock" the converted amount on closed opportunities is the "Advanced Currency Management" (ACM) in Salesforce.
ACM is a feature that enables organizations to manage complex currency scenarios and minimize the risks associated with currency fluctuations. It allows you to lock the converted amount on closed opportunities, ensuring that the value of the opportunity remains the same even if there are currency fluctuations after the opportunity is closed.
When you enable ACM, you can specify a conversion rate that will be used to convert the currency amounts in the organization's records. This conversion rate can be based on a variety of sources, including a fixed rate, the most recent rate, or an average rate over a specified period.
Once you have enabled ACM, you can then "lock" the converted amount on closed opportunities by selecting the "Lock Converted Amounts" option. This will ensure that the converted amount on the opportunity remains the same, regardless of any changes in the exchange rate.
In summary, the Advanced Currency Management feature in Salesforce allows you to effectively "lock" the converted amount on closed opportunities, providing greater stability and minimizing the risks associated with currency fluctuations.