Now is the Time to Automate gave Amit Singh, senior vice president, Newell Brands, the chance to share his first-hand experiences in overseeing his company’s transition from a legacy FX program to a fully-automated one.
If you are a treasury professional whose organization has not yet embraced automated FX, now is the time to build your business case convincing your CFO to transition to a fully-automated program.
Currency awareness allows companies to manage exposures to the point that the impact to their balance sheets is less than a penny EPS – and impacts to cash flow immaterial (relative to EBIDTA).
A TMS is not intended to manage currency risk; rather, it is designed to manage the liquidity of cash movement in various currencies. Relying on a TMS to shield a corporation from currency volatility is a mistake.