How SaaS Financial Apps assist companies to hedge their exposures?

Marina Astapchik
IT Trends Research Specialist
July 15, 2015

It may sound Delphian but volatility is a permanent and indefeasible feature of modern economy and all its derivatives. Every minute and day huge corporations and small businesses bear losses connected with currency devaluations, fluctuations in commodity prices and interest rates.

The only ones who take situation under control are proactive CFOs and managers that have adopted modern technologies in the sphere of SaaS (Software as a Service) financial apps that alleviate the consequences of any alterations that happen in the marketplace from time to time.

The seven-mile advances in technology have made this process not manual any longer. SaaS financial apps assist companies to hedge their exposures and manage their task rather effectively.

Born out of a powerful combination of Predictive Analytics, Big Data software, Cloud Technology and Mobility, SaaS financial apps have become the so-called "long-hoped for" medicine locally and worldwide.

Some argue that hedging programs are rather costly and time-consuming and that the game is not worth a candle. To some extent, this is true, as some exposures cannot be hedged or the hedging cost of currency involved is too high and is not worth hedging. But for other market players where "stakes are high", SaaS financial apps and hedging programs are essential and serve as an airbag.

So, what are the advantages that SaaS financial apps deployment entails?

1. Enhanced economic effectiveness as FX exposures and derivatives data will be centralized into one software database.
2. Improved planning, accounting, budgeting and analytics processes.
3. Instant access to real-time financial info.
4. Mobile-access performance management.
5. Significant cost reductions.
6. Audit interpretations and expectations.

In brief, SaaS financial apps gather huge volumes of internal and external data and analyze it in real-time mode delivering results using mobile technology and rich visualizations. Moreover, based on these results CFOs make predictions, take decisions on- the- fly and are never caught off-guard. What is more surprising, proactive CFOs derive revenues out of decline in foreign currency exchange rate and, thus, not only hedge their exposures but also make profit.

SaaS financial applications give brilliant opportunity to anticipate devaluations and forecast exposures with confidence. They will equally serve for a large corporation and for a medium—size business.

Not sure whether SaaS financial app will serve your business?

Elinext Group, having a broad expertise in SaaS technologies, will be glad to offer you a great range of Solutions for your SaaS financial app deployment performing functions of exposure identification, risk management, derivative accounting, performance reporting, and regulatory compliance and audit support.

You can also do a trial from a specific function like tax or treasury and then move further towards deployment of SaaS financial application for all your business processes.
In today promptly changing economic environment it is better to be fully-equipped not with a sword, but with technology and special software. It works better and bears real fruit.

FX Grant Platform Case Study for Forex traders

Industries and Technology Areas

Industries: IT

Technology Areas: software as a service, mobile and web application development

RELATED ARTICLES

8 Characteristics Of The Next-Generation Financial Services Websites

When it comes to the face of business, it is important to change it over the time to keep up with the pace of innovation. Digital revolution sets its own rules on the way business is transformed. Brick-and-mortar shops are empowered with online versions, face-to-face payments – with one-click purchases,...
READ ARTICLE

Chatbots: the Future of Digital Banking

Let’s start with myth-busting, shall we? AI-powered chatbots aren’t solely used for communication purposes. It would be fair to begin with this statement as, contrary to popular belief, bots are bigger than they may seem to the general public. In fact, more and more financial institutions are starting to consider...
READ ARTICLE

Central Banking and Fintech: Points of Contact

Last year saw new technologies and innovations taking the mainstream stage globally. Just remember what was on TV, social media or set the topic of your small talk at the office - the rise of technology served as the main headline and outcome of 2017. Its impact on society and...
READ ARTICLE

Blockchain In Healthcare: Unleashing The Potential To Transform The Industry

Blockchain comes as one of the most misunderstood phenomena in the tech world, and if you still associate it with Bitcoin and cryptocurrency, you’ll be surprised by learning how various industries use the technology to streamline their processes. Healthcare industry is one of the early adopters of the blockchain. Medical...
READ ARTICLE