With multiple secure SaaS platforms, FiREapps is the leading currency analytics provider for balance sheet, cash flow and income statement. A 2017 survey of FiREapps clients identified the top reasons companies choose FiREapps as their currency analytics vendor.
According to market feedback, multinationals choose FiREapps as their FX technology vendor for its technology innovation, ease of use, user experience, implementation process, reporting and customer support.
Below are the top 5 reasons FiREapps is the best-selling currency analytics solution in the market:
1. Reduce Risk & Costs
FiREapps partners with companies to build award-winning FX risk management processes to help treasury teams reduce FX risk and costs.
The results of these quantifiable benefits are recognized each year as FiREapps clients continuously win awards such as the Treasury & Risk Alexander Hamilton Award, the Treasury Today Adam Smith Award, the AFP Pinnacle Award and the TMI Award for Risk Management.
2. Complete Accurate Data Capture
The currency data company, FiREapps understands how systems are architected, how data is stored and how to holistically aggregate balances to create a comprehensive exposure definition and flexible reporting for treasury.
Whether you are collecting balance sheet data from a single system or forecasts from controllers in hundreds of locations around the world, FiREapps provides a comprehensive single view of currency data so you can easily explain your exposure and/or take action to reduce risk.
3. Minimal IT Impact
ERP systems can be complicated – that’s why over the last decade FiREapps has developed comprehensive, easy to deploy queries that help simplify and expedite the data mining process.
Need P&L balances for the last 5 years? Want access to your complete daily balance sheet balances?
FiREapps technology provides immediate access to these balances with simple-to-run automated ad hoc currency reporting.
Additionally, FiREapps offers SAP and Oracle certified toolkits, queries for JD Edwards and PeopleSoft, and numerous data specifications for creating reports from other source systems to facilitate automated data extraction.
FiREapps extract toolkits are the only SAP and Oracle certified solutions in the industry. By keeping up with market standards, IT teams have increased confidence in the data provided by FiREapps technologies.
4. Automated Integration
Manual processes are time-consuming and increase the possibility of human error, which is why FiREapps has built secure, automated connections with top vendors, including:
- Data collection from SAP, Oracle, JD Edwards, PeopleSoft, NetSuite, Microsoft Dynamics, and MFG Pro
- Connectivity with treasury workstations such as Reval, Capella, SunGard, and Kyriba
- Interaction with FXall and 360T for trade executions
- Connections to direct banking portals
FiREapps continues to adapt to market needs by expanding our secure, automated platform connections between ERPs, treasury workstations, trading platforms and direct banking portals.
Security is and should be one of the highest concerns for all corporations. Whether it is mitigating risks of internal errors or external attacks, FiREapps prioritizes data security and auditability.
Internally, FiREapps offers full platform integration with historical auditability so that you can see who was in the system and what they were doing when. The platforms have layers of user access and administration with built-in approval steps to ensure proper oversight can be accommodated as your audit process requires.
Externally, the FiREapps standard is full data encryption of all data in motion and at rest, retention of numerous backup servers and multiple disaster recovery sites on several continents.
FiREapps also undertakes voluntary annual third-party audits and security certifications.
- ISO/IEC 27001:2013 certified information security management system
- Annual SSAE 18 SOC 1 Cert. audits for data center and process/controls
- Encryption of data at rest and in motion compliant with PCI DSS, PCI guidelines for Virtualization, HIPAA, HITEC Act, FISMA (FedRAMP) and FDA standards
- 24 x 7 operations monitoring
To learn more about why FiREapps is the most-trusted currency analytics vendor or to receive a customized demo, contact a FiREapps Director of Risk Advisory.