The Kimberly-Clark Challenge
Kimberly-Clark’s former approach to managing currency exposure was highly manual and lacked standardization. Despite using a daily FX rate many entities had different processes and logic for defining FX exposure and managed it on a monthly basis, which led to unwanted FX gains and losses in other income and expenses (OI&E).
Standardized and automated the company’s exposure definition across four instances of SAP
Improved monitoring and oversight of affiliate balance sheet exposure management programs
Implemented a data driven bottoms-up analysis of actuals vs. expected FX gain/loss impacts to OI&E
Identifying the Right Solution
Kimberly-Clark implemented Kyriba’s FX Balance Sheet solution to automatically capture exposure data from its various ERP instances on a daily basis, providing an accurate, complete and timely picture of the company’s currency exposures. The new solution enables treasury to perform comprehensive exposure analysis by entity and provides drill-down capability for monitoring of day-over-day changes and variances.