Solutions

Enterprise-Level Foreign Exchange Exposure Management

FiREapps™ provides unprecented control over foreign currency volatility - giving treasurers, controllers and CFOs complete, accurate information about the root causes of FX exposures, and decision support for hedging or intercompany settlements. With FiREapps, controllers instantly aggregate multi-currency transaction data from across their enterprise and validate that the correct set of entity and account balances is remeasured. Treasurers benefit from business-rule driven recommendations for eliminating exposures and reducing risk. CFO's gain confidence in the data they use to quantify FX exposures and protect corporate value.

If your company has experienced unexplained FX gains or losses, ineffective trades or intercompany settlements, or concerns over FX data integrity, FiREapps offers a comprehensive solution.

  • Increased Predictability: Eliminate foreign exchange-related surprises and reduce the impact of currency volatility on earnings
  • Reduced Costs: Reduce the size, volume and related costs of your foreign exchange transactions
  • Streamlined Operations: Reduce time, effort and resources spent gathering and analyzing data and problem solving you can focus on strategic economic decisions
  • Institutionalized Compliance: Ease the burden of compliance with FAS 52, FAS 133 & risk management policies by ensuring data integrity and institutionalizing FX best practices

Real Challenges. Real Solutions.

Most companies are surprised to learn they automate all but the most difficult part of the FX exposure management process - the aggregation and analysis of data used to mitigate exposures effectively. ERP and GL systems most often produce a distorted view of FX exposures, and offer no visibility into their root causes. Treasury workstations help companies make trades more efficiently - which can quickly compound the effect of actions based on bad data. Only FiREapps delivers the FX data aggregation, pre-trade analytics and decision automation capabilities you need to calculate your FX exposure and protect your balance sheet and forecasts from FX volatility.

Tools to Manage the Entire Foreign Currency Life Cycle: From Valid Exposure Data to Effective Decisions

The FiREapps product line offers the level of exposure data analysis, aggregation and validation your organization needs to mitigate exposures quickly and easily.

  • FiREapps helps to calculate balance sheet exposures related to monetary assets and liabilities affected by foreign exchange, or exposures within forecasted revenues and margins. The system illustrates current exposures and their root causes, and shows options for mitigating exposures through intercompany settlements and trades.
  • FiREapps Pro builds upon FiREapps by also aggregating exposure data from across your organization. Treasurers gain visibility into transaction currency balances and dramatically reduce the time and effort they would otherwise expend gathering exposure data.
  • FiREapps Enterprise aggregates and validates enterprise FX data and then helps ensure that remeasurement rules have been applied correctly and consistently throughout your organization. Treasurers, Controllers and CFOs gain confidence that the data they use to identify, quantify and manage FX exposures is accurate, complete, and compliant. FiREapps Enterprise provides the most comprehensive solution available for managing the FX exposure pre-trade process.

FiREapps is also available as FiREapps™ for Oracle ®, providing you with fast, efficient access to your FX data from Oracle and automatic FX exposure calculation and analysis. Find out more.