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Combining FIREapps and Hedge Trackers enabled Jabil Inc. to manage their FX exposures across their d

Previously, even with a single instance of SAP, the independent operation of each manufacturing facility made it difficult for Jabil's Financial Risk Management Treasury team to identify accurately  and effectively mitigate the underlying sources of FX exposure at the enterprise level. To address the issue, Jabil replaced its spreadsheet-intensive FX management process with a solution that includes FiREapps FX Pro+™ (powered by Hedge Trackers's Capella) for full life cycle FX exposure management and FXall for trade execution, see figure.

Control and auditable collaboration between Treasury and site controllers world-wide

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The new closed-loop process uses Jabil's SAP ERP system to provide complete and timely data for analysis of net balance sheet exposures. Treasury can now gain visibility into global balance sheet exposures in as little as 10 minutes, any day of the week, in contrast to spending a full day once a month working with the spreadsheets from each site. The accounting and reporting for derivatives are centralized and automated with FiREapps FX Pro+™, enabling treasury and accounting departments to focus on the financial impact of hedging rather than spending time with heavy manual processes and Excel spreadsheets.

In addition, Jabil has established compliant balance sheet and cash flow hedge accounting programs that provide visibility, automation, and control using the rules-based accounting solution with a robust segregation-of-duties framework. Moreover, they have simplified the financial statement reporting process with the support of Hedge Trackers' expert technical accounting staff while ensuring adherence to U.S. and International Accounting Standards.

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