Corporations benefit with instant access to market to market valuations. Smarter decisions can be made because of the simple hedge accounting process, improved position visibility, and a streamlined accounting and reporting process
(PRWEB) August 22, 2012
Hedgebook recently announced the launch of their smart and simple derivative valuation, management and reporting software. This cloud-based solution provides a powerful and cost effective tool for businesses needing to manage their foreign exchange and interest rate risks.
The Hedgebook software shares the name of the company and is the brainchild of CEO Richard Eaddy, who made sure it would benefit a wide variety of end users. When asked about the target customer, Eaddy replied, "Hedgebook is used by CFO’s, finance managers and corporate treasurers in all sizes of organizations. Perfectly suited for corporations as well as small businesses, Hedgebook is also widely utilized by audit firms and accountants"
Richard Eaddy went on to explain, "Corporations benefit with instant access to market-to-market valuations. Smarter decisions can be made because of the simple hedge accounting process, improved position visibility, and a streamlined accounting and reporting process. On the other hand, small to medium sized businesses can say goodbye to complicated and error-laden spreadsheets because of the Hedgebook software. Importers and exporters benefit as well. Navigating currency fluctuations and a clear, constant picture of cash-flow remove the potential for unwise and uninformed decisions."
The focus of Hedgebook is clearly to minimize risk potential and maximize profits. Even with the best and most thorough attempts from your bank to provide accurate information, there is risk associated with managing a portfolio of derivatives. Currently focused on "vanilla" derivatives such as Interest Rate Swaps, FX Forwards and FX Options, Hedgebook's allows corporations and businesses to accurately record their transactions in a purpose-built system, then gives access to powerful reporting functionality to aid in tight management.
With Hedgebook, manual, error-ridden spreadsheets may become a thing of the past, providing businesses with absolute reporting assurance, “TrustPower uses Hedgebook for reporting and compliance around both currency and interest rate hedges. The reporting is clear and concise and allows us to present the required information with confidence," says Karl Wansbone of TrustPower Ltd.
Another client, Simon Boyd, CFO of CWF Hamilton & Company Ltd also speaks positively about the benefits, "Hedgebook ensures we have the right information available, when we need it, and gives us a really clear picture of our position.”
Hedgebook makes using their product extremely easy by offering affordable monthly subscriptions, starting at $49.95 per month, with no fixed contracts.
Hedgebook offers a free 30 day trial at http://www.myhedgebook.com.