Case Study: Avnet achieves global FX visibility and lower hedging costs with FiREapps

Avnet - Customer Case Study

Avnet, Inc., a global technology distributor, faced significant challenges in managing its complex foreign exchange (FX) exposure across more than 130 entities due to its rapid growth through acquisitions. The decentralized treasury team struggled with inefficient manual processes, inconsistent data from multiple ERP systems, and a lack of global visibility, which hindered effective risk management. To address this, they turned to FiREapps and implemented its cloud-based FiREapps Enterprise exposure analytics platform.

The FiREapps solution provided automated, closed-loop processing for exposure identification, analysis, and hedge recommendations. This delivered real-time global visibility and enabled efficient collaboration between regional treasury centers and finance teams. The results were substantial: Avnet gained real-time exposure visibility, lowered European hedging costs by $75,000 per month, reduced transaction volume, and decreased FX gain/loss volatility, all while enabling faster and more effective integration of newly acquired companies.

Avnet

Joe Burke

Vice President & Treasurer