Case Study: Spectrum Brands achieves greater efficiency and reduced audit restatement risk with FINCAD's Hedge Accounting Insight

Spectrum Brands uses Hedge Accounting Insight to Improve Efficiencies and Reduce Audit Restatement Risk

Spectrum Brands, a global consumer products company generating over $USD 3 billion in annual revenue, faced complex exposure to interest rate, foreign exchange and commodity volatility and ran a disciplined hedging program that included more sophisticated instruments like participating average rate forwards. Relying on an Excel-based hedge accounting process made valuation, reporting and documentation time-consuming and error-prone, creating increased audit restatement risk. To address this, Spectrum Brands adopted Hedge Accounting Insight from FINCAD.

FINCAD implemented its SaaS solution Hedge Accounting Insight to centralize data, apply built‑in formulas and documentation, and eliminate repeated manual inputs. The platform now supports Spectrum’s 750–1,000 discrete FX and commodity hedge contracts reported quarterly, enabling one-time trade entry, one-click report exports, fewer input errors and a smoother audit process. FINCAD’s solution has measurably reduced audit restatement risk, cut manual manipulation and delivered significant time and efficiency savings for Spectrum Brands.

Spectrum Brands

John Beattie

VP & Treasurer