Case Study: Théa Pharma improves FX hedging precision with Kantox

Thea Pharma saves 33% work time and €1.4M with Kantox

Thea Pharma, an independent pharmaceutical company specializing in eye-care products with a vast international presence, faced challenges in managing its complex FX risk. Their small treasury team was burdened with time-consuming manual processes for transactional cash flow hedging, which led to risks of over-hedging and difficulties with financial reporting and compliance. They sought a solution from vendor Kantox to automate their workflow and improve data quality.

Kantox implemented an automated cash flow hedging program for Thea Pharma using their Dynamic Hedging solution and Cortex FX platform. This provided the treasury team with control and an analytics interface for informed decision-making and accurate reporting. The results included a 33% reduction in work time, €1.4 million in reduced risk deviation, and €33,000 saved on forward points, drastically lowering their exposure to FX risk.

Thea Pharma