management solution provider AtlasFX has added the Transaction Exception Analyser
to its cloud-based FX risk and analytics engine.
new capability, the firms says its clients can automatically review high
volumes of transaction level data – more than 25 million plus lines of
transaction data – stored within their Enterprise Resourse Planning (ERP)
systems to identify and act upon exceptions proactively.
an analytics solution that enables corporations to achieve a holistic approach
to managing and improving their balance sheet and cash flow hedging programs.
The firm says that with this latest enhancement, FX managers can achieve the “previously
impossible task” of high-volume data extraction and identifying erroneous data
exceptions at all levels – from the account level all the way down to the
transaction and user-level details.
tool, clients can now correct the errors prior to month-end close as well as a
establishing a preventative approach to future errors due to the depth of drill
down at the user-level, the firm adds.
we’ve done is delivered the proverbial ‘needle in the haystack’ to our clients,”
says Gavin O’Donoghue, managing partner at AtlasFX. “By automating the
data mining process for tens of millions of lines of data and being able to
find not only the exceptions in their data, but the actual reason for the error
is something that has never been possible for FX and treasury professionals.
While very practical, this ability will prevent accounting mistakes from
impacting your hedging program.”