FinTechAutomationFiREapps Adds New Trade Management and Derivative Accounting Functionality

FiREapps Adds New Trade Management and Derivative Accounting Functionality

FiREapps, a provider of foreign exchange (FX) exposure management software, has introduced a new suite of capabilities that has been tested for FX trade management and derivative accounting solutions to complement its FX exposure analytics and management solutions.

As a result of successful test marketing during the past several months with a select group of shared clients, FiREapps is partnering with HedgeTrackers. With this partnership, FiREapps is leveraging Hedge Tracker’s cloud-based Capella Foreign Currency software, which provides proven solutions for FAS 133 (ASC 815) hedge accounting, trade management and reporting to extend the capabilities of the FiREapps suite of FX exposure management solutions.

“We are very excited to bring this proven suite of hedge accounting and trade management capabilities to the market,” said Wolfgang Koester, chief executive officer (CEO) of FiREapps. “We have seen a growing frustration in the market from corporate treasury departments that have been required to deal with expensive and lengthy FX hedge accounting solution implementations. Our offerings, powered by Hedge Trackers’ Capella are deployable in a mere fraction of the time and cost of the hedge accounting solutions we commonly see in the market today.”

Related Articles

Infographic: Turning automation investment from cost play to growth strategy

Automation Infographic: Turning automation investment from cost play to growth strategy

17h Austin Clark
Digital guarantee management with TIP at Deutsche Telekom

Automation Digital guarantee management with TIP at Deutsche Telekom

1w The Global Treasurer
Enhancing treasury through digital transformation

Automation Enhancing treasury through digital transformation

1w Austin Clark
Successful tech adoption requires give and take

Automation Successful tech adoption requires give and take

1w Austin Clark
Treasury needs to ‘keep up in the digital skills race’

Automation Treasury needs to ‘keep up in the digital skills race’

2w Austin Clark
Digitisation is the first step to transforming corporate treasury

Automation Digitisation is the first step to transforming corporate treasury

2w Austin Clark
Is treasury missing the artificial intelligence opportunity?

Automation Is treasury missing the artificial intelligence opportunity?

1m Austin Clark
Treasury departments 'slow to adopt fintech from non-traditional vendors'

Automation Treasury departments 'slow to adopt fintech from non-traditional vendors'

1m Austin Clark