TMCNet: New Solution Delivers Foreign Exchange Exposure Data from Oracle EBusiness in Seconds

[August 19, 2008]

New Solution Delivers Foreign Exchange Exposure Data from Oracle EBusiness in Seconds

SCOTTSDALE, Ariz. --(Business Wire)-- FiREapps, the leading provider of Foreign Exchange Exposure Management Technologies, announced today that it will be hosting a webinar to educate Oracle EBusiness on its newest product, FiREapps for Oracle.

During this one-hour webinar FiREapps will illustrate how companies can quickly institute an automated, straight through process for managing foreign exchange exposure, enabling companies to go from data to decision with confidence. The webinar will focus on the challenges most companies face when managing transaction currency data within Oracle and how to overcome these challenges when calculating and managing foreign exchange exposures.

Additionally participants will learn: how to inject operational efficiency into Oracle FX operations, how operational efficiency leads to better data integrity, the economic risks of invalid FX data, and the hidden issues and compliance risks with Oracle under FAS 52.


Topic:    Leveraging Oracle for FX
Moderators:  Andy Gage, VP sales and marketing, FiREapps
       Thurman Keene, senior sales consultant, FiREapps
Date:     Wednesday, August 20, 2008
Time:     11:00am PDT / 1:00pm CDT / 2:00pm EDT
To register: http://www.fireapps.com/News/webinars.asp

"Multinationals from around the world have shown us how difficult it is to get complete foreign exchange exposure data out of their ERP systems, and how inaccurate their exposure calculations can be from the data they do get," said Wolfgang Koester, CEO of FiREapps. "Through FiREapps for Oracle, we have created a solution for treasury departments that leverages one of the world's foremost ERP systems to provide quick and simple access to the transaction data they need to quantify and manage foreign currency volatility. Our investment in this solution delivers a path to effective FX exposure management for tens of thousands of companies worldwide."

FiREapps for Oracle, was released on July 16, 2008. FiREapps for Oracle makes it easier for treasurers who rely on Oracle EBusiness to gain automated access to the transaction data they need to calculate their foreign exchange exposure.

About FiREapps

FiREapps, a subsidiary of Rim-Tec, Inc., is the leading provider of foreign currency exposure management software. The company provides technologies and services that help corporations optimize foreign exchange processes. These solutions help customers mitigate risk while increasing profitability and operational efficiencies. FiREapps has offices in Scottsdale, Arizona, Boston, Massachusetts and Portland, Oregon.

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