“We are excited to welcome FiREapps customers, employees and partners into the Kyriba family.” “The acquisition of FiREapps deepens our commitment to helping senior financial executives be more agile and efficient in managing all types of risk, including FX exposures,” said Jean-Luc Robert, chairman and CEO of Kyriba. The initial result was a dramatic reduction in foreign currency net losses, from $90M (cumulative) in 2013-2015 down to $2M in 2016, and a near doubling of cash visibility to 95 percent. In a published case study, treasury executives from a multibillion dollar US consumer goods company shared the results of using Kyriba and FiREapps to better manage their cash, liquidity, payments and currency exposure across 38 ERP systems, 25 different business units and dozens of global banks. #ABD FIREAPP MANUAL#The combined result is a faster, more efficient way to manage FX exposures than using old school processes involving spreadsheets and manual data gathering across multiple systems. The acquisition will create a highly advanced solution for managing global FX risk, including data gathering and consolidation, reporting, analytics, decision support, payments, hedge accounting and more. “Financial leaders doing business in multiple countries should be looking to adopt a more holistic approach to their global risk management strategies.” “FX volatility is a major strategic challenge for treasury organizations,” said Kevin Permenter, senior research analyst for enterprise applications at IDC, a leading technology analyst firm. Business Highlights: China's exports, Apple's new offerings
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