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Treasury

Treasurers at risk of unidentified FX exposures

The complexity of ERP and remote systems could leave treasurers exposed to FX risks. As automated systems look to fill this gap, there are still benefits from having a wide understanding of the whole business.

Corporate treasurers' greatest concerns, particularly that of a lack of visibility around FX exposures and the reliability of forecasts, still haven't been addressed since the Deloitte 2016 Global Foreign Exchange Survey identified the risks, as cited by 56% of respondents.

Manual exposure identification and capture processes were notable worries, too, for 48% of the treasurers surveyed.

However, the market is now pushing towards further automation of the FX process to resolve the issues. 

Roger-Fleischmann-160x186

Roger Fleischmann,
JPMorgan
 

Roger Fleischmann, head of MNC, EMEA, at JPMorgan global corporate bank, says this has been a long-term issue for treasurers as they update their internal systems.

“Over the past 10 years, we’ve seen more and more clients adopt technological solutions to forensically investigate their enterprise resource planning (ERP) systems to identify previously unknown exposures that could be contributing to volatility in earnings or perhaps driving a less than optimal hedging strategy,” he says.

Sudhesh Giriyan, COO of global money transfer company Xpress Money, says he has seen the speed with which decisions are made fall to just a few seconds.

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