Often, companies lack the tools to adequately monitor and execute on their currency exposure management strategy, leading to large unexpected losses to earnings. Industry Avenue’s Treasury Suite helps clients collect and consolidate FX currency exposures worldwide, eliminate exposures through netting, and run FX exposure forecasts and simulation hedging so the treasurer can see the impact to earnings over time under any scenario before deciding on how much to hedge, with which instrument, and for how long. The suite also embeds VaR analysis and looks at FX exposure risk not only individually but also as a portfolio which reduces the need for hedge cover by striking an ideal balance between FX risks vs. hedging costs.
Additionally, the firm’s intercompany netting application allows their clients to efficiently manage and reconcile all their intercompany accounts, run an in-house bank, and net payments. This also ensures that liquidity is where it is most needed and cash is repatriated promptly, keeping money transfer, foreign exchange, and bank fees at a minimum. “Other solutions we offer help manage various factors that impact liquidity such as d e b t , contingent liabilities, and bank accounts,” says Iyer. The firm also provides training and support for developing and improving the whole suite of Sarbanes Oxley compliant treasury policies and procedures.
The company takes a structured, “inline with the corporate Treasury” approach to successfully complete projects on time and within budget.
We offer our clients a mix of both technology products and treasury consulting services to help them address FX exposure risk, optimize liquidity, and manage a host of other Treasury functions such as contingent liabilities, debt, and bank accounts
For the road ahead, the firm’s next big step in terms of technology is to incorporate big data and predictive data analytics capabilities into their solutions. Moreover, Industry Avenue is also actively expanding geographically to Asian and European markets.