Wednesday, 5 August 2015

Spreadsheets: a ticking time bomb

From Bobs Guide –

“The main competitor to Hedgebook’s treasury management system (“TMS”) is excel spreadsheets. They are cheap (can’t get much cheaper than free!), flexible and easy to use. So why do companies choose to replace their spreadsheets with a TMS?Despite the positives of spreadsheets they also represent a significant risk to businesses when relied on as the sole mechanism to record and report treasury derivatives such as FX forwards, FX options and interest rate swaps. Importers and exporters are naturally heavy users of foreign exchange derivatives and often have many outstanding transactions at any given point of time. There are also pre-deliveries and extensions to manage, too.”

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