Case Study: Siegfried achieves lower FX hedging costs with Kantox

How Siegfried Unified Its Global FX Operations with Kantox

Siegfried, a global pharmaceutical CDMO operating across 13 sites in three countries, needed a better way to manage complex FX exposure across multiple currencies while reducing hedging costs. The company was relying on manual processes, periodic balance sheet and P&L reviews, and monthly SAP invoice downloads that left long periods of unmanaged currency risk. To address this, Siegfried turned to Kantox, using Kantox Dynamic Hedging® and later Kantox In-House FX.

With Kantox, Siegfried automated the netting and hedging of AP/AR exposures across its global operations, centralizing FX risk management and applying business rules for daily or weekly protection. The result was a dramatic reduction in manual workload, improved visibility across exposures, and meaningful cost savings by hedging all exposure monthly rather than only a percentage of intercompany loans. Kantox also helped Siegfried streamline processes and improve the treasury team’s understanding of FX risk management.

Siegfried

Giacomo Tovena

Head of Global Treasury