How Kimberly-Clark Gained an Accurate Picture of Its Exposure


  • Shovel
    FOUNDED
    1872
  • buildings icon
    INDUSTRY
    Consumer Brands
  • Location
    HEADQUARTERS
    Irving, Texas
  • growth icon
    REVENUE
    $18.26 billion FY2017
ABOUT KIMBERLY-CLARK

Kimberly-Clark is a U.S. multinational personal care corporation that produces consumer products that are sold in more than 175 countries. Kimberly-Clark’s portfolio brands include Huggies, Kleenex, Scott, Kotex, Cottonelle, Pose, Depend and more, and hold the No. 1 or No. 2 share position in 80 countries.

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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).

MEASURING SUCCESS

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.

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