Background
FiREapps is the leader in foreign exchange exposure management. The name FiREapps is an extended acronym for “Financial Risk Exposed,” which speaks to the heart of the organization’s mission: helping companies better understand their exposures and more confidently manage their currency risk.
As the category creator of on-demand FX exposure management software solutions, FiREapps helps multinational corporations reduce the risk and cost of foreign exchange. Based on over two decades of experience in finance, accounting and risk management, FiREapps solutions provide corporate treasurers with timely, complete and accurate FX exposure together with powerful decision support analytics. As a result, treasurers are empowered to make rapid, informed, and cost-effective currency risk management decisions.
Company History
In 2000, the principals of Rim Tec (short for “Risk Management Techniques”) formed FiREapps to apply their collective experience and expertise in managing foreign exchange risk to the challenge of corporate foreign exchange exposure management. Rim Tec’s demonstrated success in saving companies millions of dollars in FX-related costs and risk-related financial impacts led to the development of a proprietary set of processes and methodologies for managing foreign exchange risk. These proven methods have been successfully applied in a variety of industries for companies with diverse business operations, workflows and levels of risk management sophistication.
Out of the company’s combined expertise, proprietary methodology and cloud-based technology, FiREapps was born. In 2005 the FiREapps on-demand FX exposure management platform was launched, providing the first automated solution for identifying, quantifying and managing foreign exchange exposure.
FiREapps is now the global leader in FX exposure management. We’ve helped companies of all sizes across a wide range of industries to protect earnings and EPS while saving operational and transaction costs every step of the way.