GTNews announced today the winners of the annual Awards for Global Corporate Treasury. FiREapps was “highly commended” in the Treasury Technology category, in particular for our work with Hubbell Incorporated.
In May gtnews featured an article about our work with Hubbell, which exemplifies how FiREapps can help companies new to international business manage currency risk as they rapidly expand into new markets. When they came to us, Hubbell was experiencing unacceptable FX volatility as a result of international expansion and increased global currency exposure, and the technical complexities that made managing those exposures very difficult.
With FiREapps FX OnRamp, Hubbell was able to dramatically enhance its FX risk management and overall financial operational excellence, including identification of new ways to reduce or eliminate exposure and risk organically. (For more detail, read our blog about the case study, The Management of Hubbell Incorporated’s Global FX Exposure – Case Study Published by gtnews.)
In addition to the Treasury Technology category in which FiREapps was highly commended, gtnews also announced awards in the categories of Cash Forecasting, Emerging Markets, Financial Planning and Analysis, Funding the Organization, Global Treasury, Payments, Risk Management, and Supply Chain/Trade Finance.
We’d like to congratulate the award recipients in all categories, and thank gtnews for hosting the awards, which help to shed important light on the innovative work that our clients and colleagues are doing to manage Treasury in an increasingly global, increasingly volatile, increasingly complex world.
- FiREapps blog post –The Management of Hubbell Incorporated’s Global FX Exposure – Case Study Published by gtnews
- FiREapps video – Howard Wardlow Hubbell Establishes a New FX Program