Case Study: Otis achieves over 50% faster FX hedging with Kyriba

Otis FX Optimization Award Runner Up

Otis, the transport systems company, faced a very complex FX hedging program to protect against adverse currency movements on elevator contracts that require material purchases in multiple currencies. To manage this challenge, Otis used Kyriba’s FX module and FX Cash Flow Datahub, connecting its homegrown FXR and ILR applications to Kyriba.

Kyriba implemented an API-based integration between Otis’s FXR app and Kyriba Deal Capture for pretrade import and matching, simplifying previously complicated processes. The result was a faster FX program execution process, cutting cycle time by over 50% and helping Otis streamline FX exposure and risk management.

Otis