Case Study: Ericsson achieves faster, smarter FX risk decisions with FiREapps

Ericsson - Customer Case Study

Ericsson, a global telecommunications leader, faced significant challenges in managing its complex currency exposure across over 180 countries. Their manual, time-consuming processes for gathering data were error-prone, leaving the treasury team with little time for strategic risk management and leading to inefficient, costly hedging. To address this, they partnered with FiREapps and implemented its currency analytics platform.

The FiREapps solution automated the extraction and validation of exposure data from Ericsson's SAP system, creating a central source of truth. This provided regional hubs with faster, more accurate data, enabling smarter and quicker hedging decisions. The results were substantial, including annual time savings of over 180 workdays, a 33% faster decision-making cycle, and cost savings of $6.7 million from more efficient hedging.

Ericsson

Magnus Attoff

Head of Financial Risk Management/Controlling