FINCAD Launches New Hedge Accounting System for Corporate Treasurers
FINCAD has launched Hedge Accounting Insight, a solution developed to simplify hedge accounting and reduce operational risk. The system was designed to automate the hedge effectiveness testing process, replacing spreadsheets and thereby reducing the operational risks associated with their use.
Hedge Accounting Insight provides automated hedge accounting reports that can be accessed from anywhere through a secure website. Embedded documentation provides users with an audit trail that satisfies regulatory requirements, including SOX, FAS 133 and IAS 39/IFRS 9.