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.
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.
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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