FiREapps Enhances TMS Currency Risk Capabilities
FiREapps provides industry-leading currency analytics solutions that work as a complementary tool to your TMS. Solutions for Balance Sheet, Cash Flow and Income Statement ensure treasury has all the information they need to run a more accurate and efficient FX risk management program.
ENHANCE YOUR TMS PRE-TRADE FX RISK MANAGEMENT CAPABILITIES THROUGH:
- Access to Accurate, Complete and Timely Data to establish confidence in results
- Enhanced FX Exposure Analytics to determine the most cost effective way to manage risk
- In-Depth FX Reporting to benchmark the success of your FX risk management program
- Increased Transparency into Data and Processes to improve compliance with internal controls
QUESTIONS TO ASSESS IF YOU NEED CURRENCY ANALYTICS IN ADDITION TO YOUR TMS
Does Your TMS:
- Support summary level transaction currency balance collection and consolidation to a single view?
- Facilitate exposure aggregation, consolidation and netting at a currency pair level?
- Generate exposure calculation and analysis by currency pair at a company, entity, account group, account level and/or any customized reporting dimensions?
- Eliminate exposures organically to reduce currency risk across the entire organization?
- Facilitate currency and rate impact analysis, value at risk, and balance and exposure trend reporting?
- Enable an end-to-end workflow with transaction balance currency data collection, review and approval with full audit and compliance trail?
HOW A CURRENCY ANALYTICS SOLUTION COMPLEMENTS YOUR TMS
In order to better address currency risk, treasury teams are looking to extend the capabilities of their FX management program by implementing FiREapps as a side-by-side financial technology solution to their TMS.
FOR BALANCE SHEET
- Facilitates on-demand aggregation of transaction currency balance data from ERPs, spreadsheets and additional source systems
- Enables data integrity aggregation, analysis and cleansing
- Conduct exposure analysis by currency pair with exposure netting at company, entity, account group and account level
- Delivers insight into organic exposure elimination opportunities
FOR CASH FLOW
- Facilitates exposure data capture to get the most accurate, complete and timely transaction currency data
- Produces a single, consolidated exposure view with drill-down capabilities to deliver a deeper level of reporting
- Consolidates field exposure forecasts into a master forecast to assess the organization’s cash flow exposure
- Reduces data entry errors, providing treasury professionals with variance reporting from one forecast to another