End-to-End Currency Risk Management is Changing the Way Companies Think About FX Volatility

By Wolfgang Koester April 25, 2019

Foreign exchange (FX) is a recurring problem affecting many multinational corporations. While in one moment the market is calm and quiet, in the next, unexpected moves in currency valuations can negatively impact the earnings of unsuspecting and underhedged companies. And in the aftermath, treasury teams are often left without a true understanding of the impact currencies are having on their financial performance or what their actual exposure is.

In my decades of talking with CEOs and CFOs of some of the largest global companies, they always say they want the same thing: in-depth insight and intelligence that allows them to protect the value of their business and make better risk decisions. Luckily for them, the acquisition of FiREapps by Kyriba makes all of that possible in a single-vendor solution.

An FX Risk Management Game Changer

FiREapps extends Kyriba’s current offerings, enabling organizations to see, move, protect, and grow more than just their cash.

See: Increased ability to access accurate, complete and timely data from various source systems, providing visibility into currency exposures and risk

Move: Single-vendor, end-to-end connectivity from pre- through post-trade processes including hedge recommendations and execution

Protect: Manage against and avoid impacts to EPS and EBITDA from currency volatility and risk

Grow: Increase market cap by improving earnings predictability

 

 

And while Kyriba and FiREapps have nothing but great things to say about how this new offering makes FX management easier for the entire marketplace, we aren’t the only ones.

  • “The merging of your technologies to provide an end-to-end solution creates a powerhouse. Many multinational corporations will appreciate this solution.” — senior treasury manager at a Fortune 500 medical devices company
  • “ A strategic move and complementary relationship.” — director of financial markets at a multinational chemical company
  • “Being able to integrate connectivity with one vendor across systems … is of value.” — assistant treasurer at a Fortune 500 medical devices company
  • “ big believers in looking for opportunities for an integrated solution.” — vice president and treasurer at a telecommunications company

How You Can Control FX Risk

Seamless and scalable, the combined Kyriba and FiREapps technologies make the complex task of managing currency risk easy and enhances the way companies handle pre- through post-trade activities.

To learn more about why Kyriba acquired FiREapps and how this move can help organizations protect quarterly EPS from FX surprises, extract exposure data from ERP(s), and deliver in-depth insights to the CEO, CFO and board, playback our webinar with the below link.

 

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