Case Study: ACWA Power cuts hedge accounting setup from weeks to hours with FINCAD’s Hedge Accounting Insight

ACWA Power Reduces Time Spent on Key Hedge Accounting Process from Weeks to Hours with FINCAD

ACWA Power, a global developer and operator of power generation and desalination assets, needed a robust way to manage a complex derivatives portfolio of more than 350 interest rate swaps and FX contracts and to simplify hedge effectiveness testing, valuations and auditor reporting. To meet these challenges the company selected FINCAD and its web-based Hedge Accounting Insight to introduce sophisticated hedge accounting, comprehensive documentation and repeatable valuation processes.

FINCAD’s Hedge Accounting Insight automated hedge effectiveness tests, valuations and reporting, turning processes that once took up to two weeks into tasks completed in a matter of hours (example: SIBOR hedge setup reduced from two weeks to two hours). The solution delivered greater consistency, stronger audit-ready documentation, faster administrative workflows and measurable time savings across ACWA Power’s projects, with auditors expressing confidence in the FINCAD-generated results.

ACWA Power

Pramitha Ranshika

Executive Manager - Accounting, Reporting & Treasury Operations