FiREapps for Cash Flow™ Selected as One of the 2017 “Breakthrough Products”
FiREapps Named to the Innovators 2017 – Foreign Exchange List
(SCOTTSDALE, Ariz.) – FiREapps for Cash Flow™, a new product by FiREapps, has been named to The Innovators 2017 – Foreign Exchange list by Global Finance magazine as a product innovation that transforms how companies implement complex FX strategies and manage currency risk. As the market leader in currency analytics solutions, FiREapps created FiREapps for Cash Flow to improve the cash flow exposure forecast collection and consolidation process as well as the management of exposure and resulting hedge and trade processes.
FiREapps spent the last year diving deep into every facet of the manual cash flow exposure forecast creation process and has automated the workflow to eliminate errors and reduce process risk. The SaaS solution provides more accurate data thanks to an automated creation and consolidation process hosted in one place that instills more confidence in forecasts and drives smarter currency hedging strategies.
“Our team did extensive market research with top multinational corporations around the world and found many companies lacked clear visibility into foreign currency exposures and dealt with unreliable forecasts,” said Wolfgang Koester, CEO and Co-founder of FiREapps. “FiREapps for Cash Flow optimizes every step of the cash flow exposure forecast process and often delivers a 20-25 percent improvement in forecast accuracy.”
FiREapps for Cash Flow collects and consolidates all exposures into a single view, performs exposures analyses with cell-level variance calculations, makes hedge recommendations based on user driven criteria with optional straight-through processing to trading venues all in one place, ensuring the entire process runs smoothly and efficiently.
“We are honored to be named an innovator in foreign exchange,” said Koester. “Increasing currency volatility is a growing concern for corporates and FiREapps for Cash Flow eliminates the challenges a manual process generally presents, reducing risk from currency volatility and the cost of FX management.”
FiREapps for Cash Flow launched earlier this year and has already been implemented by several companies in order to streamline their workflow, provide more accurate data and better their foreign exchange risk management programs.
For media inquiries please contact Angie Schuster at +1 (480) 443-7333 Ext. 166 or by email at ASchuster@FiREapps.com.
As the market leader in FX Exposure Management solutions, FiREapps helps corporate treasury and finance teams get visibility in days and FX impacts under $.01 EPS in just two quarters without IT development or maintenance. Top multinationals of all sizes and industries trust FiREapps to help them contain FX costs and risks. FiREapps cloud services increase return on ERP investments with data integrity, actionable intelligence and fact-based collaboration.
FiREapps is headquartered in Scottsdale, Arizona, with offices in Portland, London and Frankfurt.
For more information, visit FiREapps or call +1 866-928-FIRE (3473).