Case Study: Agilent Technologies reduces FX exposure with FiREapps

Agilent Technologies - Customer Case Study

The challenge faced by Agilent Technologies, a global bio-analytical and electronic measurement company, was a highly manual, spreadsheet-intensive process for managing foreign exchange (FX) exposure. This cumbersome method was inefficient, costly, and prevented their lean Treasury team from focusing on strategic analysis. To improve efficiency, lower IT costs, and gain better exposure analytics, they sought an automated solution and selected the FiREapps Enterprise cloud-based platform for FX exposure analytics and decision support.

FiREapps implemented an integrated, straight-through processing system that automated exposure forecasting, collaborative review, and trade execution. This solution provided Agilent with enhanced visibility and analytics, enabling them to identify and exploit natural hedges. The results were significant: operational efficiency greatly improved, IT costs were reduced, and the Treasury team shifted to strategic work. Most notably, the increased transparency enabled a 20% reduction in total exposure within the first year, with an additional 30% reduction anticipated.

Agilent Technologies

Dawnette Blake

FX & Pensions Manager