Accurate, institutionalized data management
FiREapps ForecastFX standardizes and automates the process of identifying, quantifying, and validating foreign exchange exposures to cash flows, providing a template-driven process that addresses each company's unique requirements and processes. ForecastFX enables you to gather relevant financial data and organize it into account groups based on policies and processes of your business, making the entire process more accurate, more efficient and easier to audit and reproduce.
Key Features and Benefits:
Exception-based Analytics eliminate errors by illuminating missing exposure data and unexpected changes in exposures 
Custom Foreign Exchange Rates enable customers to choose between FiREapps-provided rates or your company's own rate information. Customers can modify exchange rate sources and immediately recalculate exposures base upon the new values.
Web-based Portal Access provides collaborative on-line reviews of exposures analytics and rules-based recommendations
Forecast Accounts and Account Groups enable customers to group accounts that require similar treatment based on accounting or economic criteria to reflect their organization's FX policy objectives. Customers can then define a hedge strategy and apply a hedge confidence factor to manage these exposures over time.
Hedge Factors enable customers to compensate for uncertainties in forecasted cash flows by associating a 'level of confidence' to them in the form of a series of percentages, without altering the original forecasted balances.
