FiREapps Updates FX Exposure Management Platform

FiREapps has launched an updated version of its FX Exposure Management platform that reduces the risk and cost associated with foreign currency volatility.

The Scottsdale, Arizona-based US company, which specialises in foreign exchange (FX) exposure management solutions, said that the latest version includes enhanced and streamlined downstream systems integration; easier access to tailored analytics – including the ability to switch easily between exposure, risk and balance views – improved workflow and collaboration for decentralised exposure management processes, and enhanced security and controls that comply with US-EU and US-Swiss Safe Harbor Principles.

“Currency volatility is coming from all around the world these days, and corporations need all of the advantages available to efficiently access and analyse currency exposure in order to effectively manage a large number of currency pairs,” said Wolfgang Koester, chief executive officer (CEO) of FiREapps.

“With the recent enhancements to our solution, we make it easier yet for our clients to gain the clarity required to manage currency impacts to below the industry benchmark of US$.01 earnings per share [EPS].”

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