FiREApps new range of FX exposure management packages cover all types of company
by Kylene Casanova
FiREapps have developed a three-step approach for managing FX exposure:
- identify and understand the total exposure
- quantify the risk and the cost/benefit of managing it
- decide how to manage the risk.
The new FiREapps packages use this approach, starting with FiREapps FX On Ramp which is designed for companies establishing a structured FX risk management programme for the first time, next is FiREapps FX Pro for multi-national corporations operating in dynamically changing business environments, while the FiREapps FX One View is for multi-national corporations with global operations involving multiple ERP systems, and the top of the range is FiREapps FX STP, which includes real-time links to trading platforms and to corporate treasury management systems. (See Figure )
FiREapps FX STP
Source: FiREapps
FiREapps also provide comprehensive operational and consultancy support to ensure that their corporate clients fully exploit the systems to: 1) identify and understand their total exposure, 2) quantify their risk and the cost/benefit of managing the risk, and 3) decide how to manage their risk.
Like this item? Get our Weekly Update newsletter. Subscribe today