Case Study: BASF achieves a universal, automated FX program and global currency visibility with Kyriba Risk

BASF’s Journey to Implement a Universal FX Program

BASF, a global chemical company headquartered in Ludwigshafen with about 114,000 employees and operations across five segments, faced a decentralized, regional FX management process that made it nearly impossible for treasury to accurately calculate or mitigate currency risk from a global perspective.

By adopting Kyriba Risk Management and an Automated FX Risk Transfer (ART) tool, BASF established a universal, automated FX process that analyzes subsidiaries’ exposures and automatically generates hedge deals to transfer risk to HQ. The implementation significantly reduced manual effort, provided a daily, centralized view of FX risks, and lowered hedging costs through aggregated risk management.

BASF

Roland Heisecke

Director Treasury Risk Management