FiREapps To NeuGroup's FX Summit: Increase Visibility To Truly Understand Your Foreign Exchange Exposures

NEW YORK, April 18, 2013 /PRNewswire/ -- FiREapps, the leading provider of foreign exchange exposure management software, recently co-sponsored the NeuGroup's FX Summit, an invitation-only joint meeting of its FX Managers' Peer Group, which have been serving FX managers from leading multinationals since 2002. At the Summit, the message from FiREapps was: more quality information leads to better decisions. "The clearer picture you have, the more confidence you will have," said Wolfgang Koester, CEO of FiREapps. "With clarity, you'll know you are managing your currency risk correctly."

"FiREapps does corporates a great service in getting them to think in greater detail both about what their exposures actually are and how they are reflected in their financial systems," noted Joseph Neu, CEO and Founder of The NeuGroup.

During the 3-day summit, a variety of corporate foreign exchange risk management topics were discussed. There was across-the-board agreement that currency volatility is and will remain a significant financial risk for multi-national corporations and that corporate tolerance for currency impacts from balance sheet exposures is generally less than 1-cent of EPS.

FiREapps has built its business around helping multinationals get at better information about their FX exposures from their various ERP systems and other data sources. Learn more about FiREapps now.

Co-sponsors FiREapps and Deutsche Bank presented at the event, which provided numerous examples of how information, technology and analytics should be improving the hedging practices of multinational corporates. Other highlights from the meeting included a presentation on commodity risk management by one of the group's more experienced commodity hedgers and an update on the key drivers of the global economy and their impact on the US Dollar, plus the latest on Venezuela.

Learn more about the NeuGroup's FX Summit.

About FiREapps

FiREapps is a leader in foreign exchange exposure management solutions. For over a decade, the company has helped global leaders eliminate FX surprises, reduce transaction costs and increase operational efficiencies. FiREapps has enabled multinational corporations to identify, analyze and manage FX risk using fact-based collaboration. They have offices in New York, Chicago, Portland, and San Francisco, and are headquartered in Scottsdale, AZ. For more information, go to www.fireapps.com

About The NeuGroup

The NeuGroup provides leading peer knowledge exchange for finance and treasury professionals via its flagship International Treasurer publication and 15+membership groups targeting distinct sector, functional and regional responsibilities. Since 2001, our core mission is facilitating interactive meetings allowing peer finance professionals to share ideas, experiences and best practices on the topical issues most important to them. For more information, visit www.neugroup.com

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SOURCE FiREapps