Metric Scale & Multiple Currencies

March,  2000 --  CT3 has added the capabilities to support log and timber operations in Canada.  This includes the ability to capture and process Metric scale, and to tag transactions in separate currencies.  Metric functionality was developed for Olympic Resource Management (ORM), and has been fully integrated with ORM's existing implementation. Prior to these modifications, all of ORM’s use of CT3 software had been for volumes harvested in the U. S. and was based on Scribner scale. The new Metric functionality includes the ability to:

1. receive transmissions of B. C. Metric volumes,
2. make Contractor Payments based on M3 (cubic meters),
3. create Invoices using metric volumes that also include Canadian GST taxes, and
4. report production and sales activity in Metric volumes and rates on a $/M3 basis (Canadian dollars per cubic meter).

In addition to expanding the range of the Log Management System (LMS), ORM asked CT3 to augment the Exposure Management System (EMS). EMS can now be used to process Accounts Receivable transactions and generate Exposure reports in multiple currencies. Cash Receipts, Invoices, and Applications, are marked with a Currency type (e.g., U. S. versus Canadian dollars). Aging Reports clearly separate items and fund totals between currencies.  Exposure reporting can be generated in terms of a selected currency. For example, credit limits and exposure amounts may be expressed either in terms of Canadian dollars or U. S. dollars.