Case Study Dow Corning Corporation

Dow Corning Case Study
FiREapps PRODUCT: FiREapps Enterprise™
ERP ENVIRONMENT: SAP

CASE STUDY HIGHLIGHTS

CHALLENGE

  • Highly manual processes were time consuming, error prone, and heavily reliant on human capital
  • An individual currency VaR approach to hedging meant a high number of trades (and associated cost) and no opportunity to leverage cross-correlations

SOLUTION

  • Comprehensive overhaul of each step in the currency risk management process
  • Automated straight-through processing to save time, reduce risk, and free up human capital
  • A portfolio approach that manages risk holistically – according to basket VaR

RESULTS

  • Gross savings of $5 million per year from all quantifiable improvements across the FX program
  • Automated straight-through processing frees 600 hours of human capital and yields $750,000 in reduced market risk
  • Portfolio VaR approach enables treasury to hedge less and protect more – and delivers $2.75 million in savings

Download the Dow Corning Corporation case study



CaseStudy_DowCorning_102414

Do you have questions or comments about this resource?

Call FiREapps +1 866-928-FIRE (3473) xt 1 +1 866-928-FIRE (3473) Ext 1
+1 480-443-7333 Ext 1

Email FiREapps info@fireapps.com


Professionals Who Downloaded This PDF Also Downloaded The Following:
  • FiREappsEnterprise

  • FiREapps_Multicurrency_whitepaper

  • High-Level-Solutions-brochure2

  • FiREapps_EmergingMarkets_whitepaper

  • Q22014