“It [FiREapps] is absolutely vital. Our goal is to support the overall business and so getting that visibility, transparency and having the availability of the details is really critical to meeting the overall business needs.”
Agilent Technologies manufactures measurement instruments and equipment for life sciences, medical diagnostics and chemistry applications. Operations are done in more than 100 countries, with 70 percent of revenues generated internationally.
Agilent wanted to eliminate the manual process of pulling exposure data from SAP and populating a series of spreadsheets in order to address the constant fluctuations and pressures of FX on the company’s bottom line.
FiREapps integrated with SAP, Business Data Warehouse, SunGard Integrity and 360T Misys to automate the workflow, calculate preliminary monthly balance sheet exposure, derive quarterly revenues and expense exposure forecasts, and provide a smart hedging decision framework for balance sheet and cash flow forecast generation.
SAP, Business Data Warehouse, SunGard Integrity, 360T Misys
‣ Total exposure was reduced by 20 percent via natural hedging opportunities within the first year of implementing FiREapps Enterprise
‣ Enhanced controls satisfy both internal and external audits through a more institutionalized process with appropriate separation of duties
‣ The need for manual data copy and manipulation are eliminated, improving efficiency and decreasing the potential for errors
DOWNLOAD THE FULL CASE STUDY HERE
Download the FiREapps Agilent Technologies case study, which documents how FiREapps helped the organization better manage FX risk and improve efficiencies.
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