In an era where global business operations are not just a strategy but a necessity, the importance of an Human Capital Management (HCM) solution that supports multicurrency and live currency exchange rates cannot be overstressed. As defined by Merriam-Webster, “multicurrency” involves, represents, or considers more than one currency. This feature is especially crucial for businesses operating in international hubs like Singapore, where transactions occur in various currencies every day. In this blog, we explore why multicurrency support and live currency exchange rates are essential for HCM solutions, with a repeated emphasis on the Japanese Yen (JPY) and its significant impact on businesses in Singapore.