FiREapps ForecastFX: from fortune telling to reliable cash flow forecasting
FiREapps ForecastFX capabilities focus on helping companies manage accounting and economic foreign exchange exposure to future cash flows, allowing them to eliminate the uncertainly of foreign exchange impacts on forecasted revenues and margins. With FiREapps ForecastFX, companies can quickly gather relevant data and aggregate it into relevant account groups to effectively manage currency pair exposures for each entity. ForecastFX presents a dashboard view of exposures from an accounting or an economic perspective, in a time series based on a company's own defined planning horizon, and forecast confidence. Patent-pending analytical and decision-making tools provide visibility and rules-based guidance to effectively and cost efficiently eliminate exposure and reduce risk.
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.
Optimized exposure management analysis and decision support
Easily visualize and understand the root cause of foreign exchange exposures to cash flow, from either an accounting or an economic perspective. Focus on controlling P&Ls on an entity level for accounting purposes, or analyze your hedging strategies to reduce economic risk to cash flows, protecting revenues and margins. With FiREapps ForecastFX, you can apply your own confidence factor to forecasted hedges, weighting future hedges based on your relative assurance of forecasted revenues and margins over time.
Make informed exposure management decisions based on FiREapps rules-based recommendations and refine your decisions through real-time what-if scenarios that allow you to assess the impact of your strategy.
Detailed reporting
FiREapps ForecastFX provides reports that clearly illustrate exposures and their associated risks, allowing you to demonstrate the results of your foreign exchange exposure management strategy to executive management, Boards of Directors, and analysts. By accurately defining and reporting underlying exposures to forecasted cash flows, FiREapps ForecastFX provides input for FAS 133 source documentation.
