SCOTTSDALE, Ariz., Oct. 19, 2015 /PRNewswire/ -- FiREapps, the industry leader in currency risk analytics, is announcing their Winter release featuring a powerful new suite of currency analytics for financial planning and analysis professionals, as well as enhanced treasury solutions for balance sheet and cash flow risk management programs.
"This is a milestone release for FiREapps as we continue to evolve the platform to provide additional support to new audiences inside the CFO's organization," says Wolfgang Koester, CEO of FiREapps.
The Winter release brings along with it: new analytics for triaging the performance of balance sheet risk hedging programs; a clean, new user interface optimized for speed & analysis; extended support for increasingly sophisticated cash flow risk management programs; and upgraded variance analytics application-wide.
"FiREapps consistently cuts analysis time from days to minutes for teams managing currency risk, resulting in documented cost, risk and time savings for our diverse treasury client base. With the Winter release we are, for the first time, applying the same logic to generate time & cost savings for FP&A professionals," says Koester.
FiREapps' new currency analytics are designed to drastically reduce the time required to perform constant-currency and scenario-based analyses; drive on-demand, strategic insight into the currency composition of revenues and expenses; and establish a single, collaborative environment for teams operating in multiple currencies at a global scale.
"Ultimately, there are a number of teams tasked with answering the CFO's questions, on-demand. And this record year of volatility & currency impact made it more apparent than ever that every area of finance requires quick visibility into their systems that frankly, many still do not have. But we are working diligently on that and this release marks a major step in that direction," says Koester.
FiREapps is the leader in big data analytics for corporate finance. FiREapps helps treasury, finance and accounting professionals understand and manage currency impact to financial results. Teams at multinational corporates of all sizes and industries rely on FiREapps technology to measure, monitor and manage the currencies and associated risk flowing through their business. FiREapps is headquartered in Scottsdale, AZ, with offices in Portland, San Francisco, London & Frankfurt.