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With solutions such as FiREapps, the role of Treasury within the organization can be more advisory and strategic.

Laurie McCulley | Treasury Strategies, Inc.
I'M A BELIEVER!
The Hidden Impact of Multicurrency Accounting Data, Systems and Processes on Foreign Currency Exposure and Risk
October 29, 2009

A 2009 analysis of multicurrency accounting-related challenges to managing foreign exchange exposure
This whitepaper focuses on the problems faced by multinational companies today who struggle with multicurrency accounting issues that seriously undermine their ability to analyze their foreign exchange exposure. Today, for most U.S. companies, the impact of this problem has been mitigated by the weakness in the U.S. dollar relative to foreign currencies. When this trend ultimately shifts, however, companies that have not accurately identified and analyzed their FX exposure, and subsequently managed their FX risks, will be faced with serious economic and compliance consequences.

In this paper, we will identify the most common sources of multicurrency accounting problems, describe the symptoms of these problems and propose proactive steps that companies should take to better insulate themselves from foreign currency volatility.

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