Webinar on Corporate Foreign Exchange Shares Best Practices for Reducing Risk in Today's Volatile Global Market
SCOTTSDALE, Ariz. —December 18, 2006 — FiREapps, the leading provider of On-Demand Corporate Foreign Exchange Management, today announced a public webinar on Wednesday, December 20 to discuss corporate foreign exchange best practices and technologies to reduce exposures in today's volatile global market.
Unlike other areas of accounting and finance such as Accounts Payable, Accounts Receivable and Cash Management, where colleges and universities have established curriculum and training courses, there is little structured education and training for foreign exchange managers. Instead, managers of foreign exchange must learn on the job, where the consequences of making mistakes can be severe.
This webinar is the third in a series of live on-line forums for finance executives and practitioners to share best practices, discuss trends in business and technology and provide a learning environment for treasurers, controllers, corporate tax managers, and foreign exchange managers. Topics discussed will include analyzing foreign-currency risks as featured in “New Currents in Currency” in CFO Magazine’s December issue.
EVENT DETAILS
What: “Proven Best Practices for Managing Corporate Foreign Exchange”
When: Wednesday, December 20, 2:00 p.m. EST
How: Register to attend the webinar by calling 1.866.928.3473 or go to https://www.gotomeeting.com/register/769944840
“The dollar’s volatility can lead to devastating corporate earnings losses if foreign exposures are not optimally managed,” said Koester. “We are strong believers that corporations need to increase their sophistication and acumen for managing foreign exchange and learn best practices for reducing risks. The question is no longer – to hedge or not to hedge - it is how can I reduce risk in today’s volatile global market.”
About the Speakers
Wolfgang Koester is the CEO of Rim-Tec, Inc. which developed FiREapps, the leading corporate foreign exchange management technology firm. Koester has been managing risk for Fortune 100 companies as well as governments, including G-10s, since 1986. Prior to forming Rim-Tec, Koester served as President with GFTA Trendanalysen Inc., a quantitative currency manager.
Corey Edens joined Rim-Tec, Inc., as Chief Financial/Operating Officer in 2000. Prior to this appointment, he was the President of Valcon Distributing Ltd., Inc. Before Valcon, Edens served as the Controller and Director of Operations for the Microsoft Network. Edens has worked closely with Rim-Tec’s customers to design, develop and implement the FiREapps solution.
About FiREapps
FiREapps, a subsidiary of Rim-Tec, Inc., is the leading provider of On-Demand Corporate Foreign Exchange Management. FiREapps delivers the market’s only pre-trade analytics solution that evaluates foreign exchange exposures and optimizes decision making processes. FiREapps’ optimized decision making processes are supported by comprehensive analytical capabilities and a patent pending Decision Management Technology. Based on seven years of proven results, FiREapps mitigates compliance and economic risk while increasing profitability and operational efficiencies. FiREapps has offices in Scottsdale, Arizona and Portland, Oregon and can be visited online at www.fireapps.com.
