Case Study: Sanmina boosts FX efficiency and automation with FiREapps

How FiREapps Helped Sanmina Transition to an Automated Fx Program

Sanmina Corporation, a Fortune 500 electronics manufacturer with global operations, faced an inefficient and entirely manual foreign exchange (FX) management process. Their treasury team spent up to four days consolidating spreadsheets from 30 entities, a time-consuming and error-prone effort that hindered their ability to effectively manage significant FX exposure. To solve this, they turned to the vendor FiREapps for its FX exposure management technology.

By implementing FiREapps, Sanmina automated its data collection and integrated it with the CapellaFX trading portal, creating a seamless, end-to-end workflow. This solution slashed the time for data collection and hedge execution by 60%, reducing the central process from four days to under one. The FiREapps platform also provided advanced analytics through its Hedge Performance module, enabling precise reporting and analysis that improved accuracy and empowered the treasury team to make better, faster hedging decisions.

Sanmina Corporation

Ronnie Dang

Senior Treasury Analyst