Solutions

FiREapps On-Demand FX Exposure Management

  • Complete FX data uncovers hidden FX risks
  • Timely FX exposure analysis reduces FX costs from sudden shifts in market direction
  • Transparent FX processes reveal new opportunities for cost/risk efficiency
  • Software as a Service speeds time to value and lowers Total Cost of Ownership

Cut FX costs and reduce risk with complete data, timely analysis & transparent processes

Foreign exchange is the cost of doing business internationally. In today's global economy, it is critical for corporations to control those costs by managing their FX exposures at the speed of business, with a complete understanding of all their sources of FX risk. By giving treasurers access to all the FX exposure data they need—quickly and on-demand—FiREapps creates opportunities to cut millions of dollars in FX costs. As a result, treasurers are empowered to actively manage FX costs —rather than reacting to market events that have already taken a toll on corporate value.

Complete FX data uncovers hidden FX risks
By quickly delivering a complete view of all foreign currency exposures, FiREapps makes it easy for treasurers to target currencies that may be a fraction of their exposure, but reflect the greatest source of FX costs to their business. Most companies today only manage 80% of their currencies, based on the size of the exposure. Neglecting more obscure currencies (often non-G10) can translate into FX costs far greater than the ones that are actively being managed.

Timely analysis reduces volatility costs
By eliminating costly delays between gathering and analyzing FX exposure data, treasurers can make hedging decisions in hours rather than days or weeks of period close, avoiding the risks that come from sudden shifts in exchange rates. Shavings days or weeks off of existing FX processes can translate into significant ongoing savings.
Transparency reveals new opportunities to optimize results
To make impactful decisions to reduce their FX exposure and control costs, FiREapps provides a dashboard-level view of exposures with drill-down access to account- and entity-level details. With an instant understanding of the root causes of exposure, including A/R, A/P, cash and intercompany balances, treasurers can identify the most cost effective and efficient ways to cut FX costs and reduce risks.

Instant interactivity delivers fast results & low TCO
As an on on-demand software solution, FiREapps can be up and running in less time and with less effort than most organizations spend on their existing FX processes--with minimal demands on IT staff. Typical customers realize the benefits of timely, complete and transparent FX exposure management processes in weeks.

Combining an affordable monthly subscription fee with low total cost of ownership, FiREapps can demonstrate ROI within a single quarter and deliver ongoing cost savings.