FiREapps Announces Trade Management and Derivative Accounting Offerings

   FiREapps Announces Trade Management and Derivative Accounting Offerings

-FiREapps and Hedge Trackers partner to offer best-in-class end-to-end foreign
exchange exposure management, trade management and derivative accounting
solutions-

PR Newswire

MIAMI, Oct. 15, 2012

MIAMI, Oct. 15, 2012 /PRNewswire/ --FiREapps, the leading provider of foreign
exchange exposure management software, has introduced a new suite of
capabilities that has been tested for foreign exchange trade management and
derivative accounting solutions to complement its award-winning 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 announcinganew strategic partnership with HedgeTrackers,LLC. With this
new 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, 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."

"The partnership with FiREapps and Hedge Trackers has provided dynamic and
sustainable solutions for Jabil," said Sergio Cadavid, Vice President and
Corporate Treasurer for Jabil Circuit, Inc., a user of the joint FiREapps /
Hedge Tracker solution. "It has also enabled my team to enhance their
partnerships with the business across Jabil and be more advisory and strategic
on FX risk management."

The combination of FiREapps and Hedge Trackers cloud-based solutions is
ideally suited to help multinational corporations which are interested in
automating the end-to-end process of identifying, analyzing, managing and
accounting for foreign exchange exposures. Helen Kane, President of Hedge
Trackers adds, "At Hedge Trackers, we are excited to partner with FiREapps to
provide the corporate currency risk management market with best-in-class
solutions and experience that provides the insight and controls necessary to
monitor, account for and disclose both currency exposures and hedges from
inception through maturity."

At noon on Monday October 15^th, representatives of FiREapps and Hedge
Trackers will be showcasing the new end-to-end foreign exchange solutions at
the Annual AFP Conference in Miami. During this session, FiREapps will be
hosting conference attendees in its booth (#1330) who are interested in
learning first-hand from members of the Jabil Circuit, Inc. treasury team
about how they have used FiREapps and Capella to increase the overall
efficiency and effectiveness of their end-to-end currency exposure management
program.

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 Hedge Trackers

Hedge Trackers is a risk management advisory practice that specializes in ASC
815 (FAS 133), ASC 830 (FAS 52), IAS 39, and IFRS 7. They partner with
companies to confront the ever-growing challenges in developing and
maintaining best-in-class hedge programs and to ensure they are in compliance
with US GAAP and IASB. Hedge Trackers' cloud-based software, Capella, is
specifically designed for companies that want to manage their hedge program
in-house and streamline the trade to accounting/reporting process. For more
information, go to www.hedgetrackers.com

Contact: Jonathan Goldberg Tel: 212.843.9335
Email: jgoldberg@rubensteinpr.com

SOURCE FiREapps

Website: http://www.fireapps.com
 
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