Resolve Exposure Calculation Challenges

Experienced treasurers find that ERP systems commonly produce incomplete and inaccurate FX data sets, and only after time-consuming manual intervention. In addition, the common use of spreadsheets to calculate foreign exchange exposures from system data introduces errors and uncertainties into the process. As a result, despite painstaking efforts to calculate an FX exposure, most treasury departments are unable to understand the sources of their exposure, or adequately protect their company from foreign currency volatility. FiREapps for Oracle enables corporate treasurers to access comprehensive transaction currency data from Oracle E-Business automatically, allowing them to focus more attention on the root causes of foreign exchange exposures – by entity and at the transaction level.

Generate FX Exposure Data Sets Instantly

FiREapps for Oracle is a secure, browser-based, software application that automates the process of aggregating business system data. Corporate treasurers use FiREapps for Oracle to create complete exposure data sets automatically, applying remeasurement rules consistently across all business units. Treasurers can then calculate exposures and conduct analysis against currency rates and hedge positions.

Retrieve Oracle Data at the Push of a Button

FiREapps for Oracle extracts Oracle E-Business GL balances and master data from across your enterprise - providing centralized, desktop access to complete exposure data sets. The system requires little to no IT effort for implementation and offers unlimited monthly access to informative, standard reports. Additional template-based spreadsheets are also provided for ad-hoc data collection and review.

Jump-Start Your Exposure Analysis

Using FiREapps for Oracle, treasurers can calculate FX exposures easily based on current enterprise data. The system provides exchange rates and rate lookup tools, and the ability to upload custom rates. Exposure data sets and analysis information can be downloaded directly to Excel for further review. Users can access a history of any edits made to the uploaded account data through change auditing reports. FiREapps for Oracle also interfaces with other FiREapps products that provide in-depth decision support for exposure mitigation.

Set Hedges to Meet Your Risk Tolerance

Treasurers can use FiREapps for Oracle to compare hedge position details against gross and net exposures, and determine what hedges or hedge adjustments are prudent in light of their company’s exposure and risk tolerance. Users can edit uploaded hedge data to reflect current information, and access change auditing details to review the sources of new hedge data entries.

Exposure and System Reporting

FiREapps for Oracle provides useful reports to help treasury departments operate and communicate effectively. Standard reports include a Configuration Report detailing company accounts, entities, and remeasurement rules; a Company Exposure Report showing calculated exposures, an Exposure Trend Report displaying information about currency exposures at different points in time, and a Balance Trend Report that illustrates foreign currency pairs and account balances over time.

Efficient Implementation Services

Standard system implementation of FiREapps for Oracle can be completed in two weeks or less, and includes the connection to a single instance of Oracle E-Business, online application configuration to reflect specified FX objectives, and 20MB of on-line file storage. The FiREapps implementation team will train your system users over the web to perform data management activities, modify configurations and perform exposure calculations. Additional services are available to provide analytical support for identifying exposure sources and causes.

Scale to suit your organization

FiREapps offers a comprehensive array of software applications to give your company complete visibility into its foreign currency exposures, and decision support tools to mitigate them effectively. FiREapps for Oracle can be extended to connect to additional Oracle instances, and connects seamlessly to applications that provide hedging recommendations, reveal currency exposure sources and causes, and analyze relationships between transactional and local currencies. For maximum efficiency, FiREapps for Oracle can be automated to process data with little to no manual intervention - reducing the likelihood of new errors entering your calculations, and preserving time within your treasury department for strategic decisions.