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

LATEST ARTICLES

The Biggest Tech Flops of 2018

The year 2018 is drawing to a close, and it would be fair to admit: it hasn’t been a good year for several technology-related companies and its customers. The year has been defined by numerous scandals in the tech world, and it’s time to recap some of them. Facebook and...
READ ARTICLE

Changes in ASC 606 and Their Effect on Subscription-Based Businesses

First of all, a bit of history if you’re unfamiliar with the notion itself. Back in 2014, the Federal Accounting Standards Board (aka FASB) in partnership with the International Accounting Standards Board (or IASB) came up with new rules on regulating revenues from contracts known as ASC 606. Initially, it...
READ ARTICLE

The Blockchain Heaven: Zug Residents Can Ride e-Bikes Using Digital IDs

On November 15, 2017, a self-sovereign identity platform based on Ethereum called uPort opened identity registration to citizens of Zug, Switzerland. The members of uPort commented on the situation: "Since June, we have been improving the uPort platform and working with our Swiss partners at ti&m to prepare the city...
READ ARTICLE