Special Announcement
On February 16, 2017 in London, Eng., Ericsson was awarded the Treasury Management International (TMI) Award for their achievement in innovation and excellence in the Risk Management category.

FiREapps is proud to have played an integral role in helping Ericsson win this prestigious award. Congratulations Magnus Attoff!

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To learn more about Ericsson’s project, download the case study below.

Read the official TMI article for more information on Ericsson’s achievement.

In June 2016, the Ericsson team was also awarded Treasury Today’s 2016 Adam Smith Award for the Best Overall FX Risk Management Solution – The award celebrated their industry leading implementation and best practices. Watch a replay of the webinar.

Summary: Ericsson has always had to deal with a complex currency environment as a telecom infrastructure provider with operations in nearly every country (180+). Implementing a new risk management process with the FiREapps platform as a central repository for all exposure data, Ericsson was able to realize very tangible time, cost, and strategic savings in the process. Find out how in the case study below.

Ericcson Case Study

Ericsson case study

This quick read highlights how FiREapps helped Ericsson revamp their currency risk management program. As a result, Ericsson reduced capital spend on transaction costs on their yearly basket of hedges by nearly 43 percent – for a savings-to-date of $6.7 million.

Free Case Study

Meet Magnus Attoff:


Magnus Attoff

Head of Financial Risk Management & Operations

Magnus has been the Head of Financial Risk Management & Operations at Ericsson since April 2013, where he is responsible for risk policies and directives, middle and back office activities, compliance and treasury related SOX activities, and treasury systems. He was also previously responsible for Treasury Controlling and Financial Reporting at Ericsson, having started with the company in 2005. Prior to Ericsson, Magnus was a Financial Risk Management Consultant with PricewaterhouseCoopers.