After a spike in volatility from the Turkish lira, other emerging market currencies are showing their own volatile movements that could manifest into impacts on Q3 earnings.
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The Turkish lira has lots nearly 40 percent of its value this year and this week’s lira crisis could have negative impacts to other emerging markets and companies that aren’t managing their entire basket of currencies.
North American and European multinationals sustained a collective $22.93 billion in negative impacts in Q1 2018, with European companies accounting for 99 percent of that impact.
FiREapps continues to work alongside the latest SAP technologies to facilitate best-in-class ERP connectivity, ensuring organizations have the access to accurate and complete daily for currency management.
FiREapps newest white paper demonstrates how six companies with varying FX program needs optimized and automated their FX programs, subsequently reducing currency impacts on EPS or EBITDA.
Wells Fargo’s recent Foreign Exchange Risk Management Practices Survey outlines that more than half of publicly-held companies have access to the accurate, complete and timely data they need to manage FX. Those in the minority are struggling with a challenge that is easy to resolve. Learn how you can get confident with the data you have.
Flex Ltd., a global supply chain solutions company and recognized as an Adam Smith Awards 2018 winner for their Foreign Exchange solution, deployed an end-to-end, automated balance sheet exposure management program. Learn how, with the help of FiREapps, the Flex treasury team built their award-winning program.
FiREapps helps companies of every size leverage FX best practices used by Fortune 500 companies to create or enhance their FX risk management programs and reduce costs.
North American and European multinationals sustained a collective $7.83 billion in negative impacts in Q4 2017, with European companies continuing to report the largest FX impact since 2015.