FiREapps, the leading provider of Corporate Foreign Exposure Management Technologies, announced today that CEO Wolfgang Koester and Yahoo! Director of Corporate Treasury Karthik Chandran will speak at the Peninsula Treasury Management Association meeting today. During the presentation in Santa Clara, CA, Koester and Chandran will share their experiences helping to quantify and proactively manage currency volatility and discuss why FX volatility presents an enterprise risk to U.S. multinational companies.
With currency volatility at an all time high, discrepancies in a company's balance sheet and income statement are becoming less and less acceptable. Today, improperly managed foreign exchange exposure is affecting many companies' financial statements resulting in foreign exchange losses being reported in their quarterly earnings statements and decreasing the companies' share holder value.
"Treasurers today who understand the potential impact of foreign currency volatility and the scope of the problem know that they must increase the visibility of the issue and secure executive level support to be successful," said FiREapps CEO Wolfgang Koester. "This session will help the audience to understand the impact and challenges of FX exposure management, based on the real life experience of companies like Yahoo!, who are setting the standard for excellence in this area."
Topic: Discover How Yahoo! Manages Foreign Exchange Date: Wednesday, March 12, 2008 Time: 11:30 a.m. PST Location: The Hilton Santa Clara 4949 Great America Parkway Santa Clara, CA 95054 (408) 330-0001
FiREapps, a subsidiary of Rim-Tec, Inc., is the leading provider of Corporate Foreign Exchange Exposure Management Technologies. 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 and Portland, Oregon.
