FiREapps Enhances TMS Currency Risk Capabilities
FiREapps CAN ENHANCE YOUR TMS PRE-TRADE FX RISK MANAGEMENT CAPABILITIES THROUGH:
QUESTIONS TO ASSESS IF YOU NEED CURRENCY ANALYTICS & 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 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 look to extend the capabilities of their FX management program by implementing FiREapps as a side-by-side solution to their TMS.
FOR BALANCE SHEET
- Facilitates on-demand aggregation of transaction currency balance data from ERPs, spreadsheets and 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
Although TMS provide a wide array of services, most pre-trade risk management offerings for FX are limited. Download the handout, The Future of FX Risk Management, to learn why a currency analytics solution in addition to your TMS is an integral part of every best-in-class FX risk management program.