Case Study: Trane Technologies achieves over 50% FX risk reduction and 97% real-time exposure visibility with Kyriba

Reducing FX Risk by Over 50 Percent in One Year Across 47 Currencies

Trane Technologies is a global climate innovator (revenue ~$14B, ~30,000 employees) that designs and services heating, cooling and transport products. Its treasury was managing FX risk with legacy, manual processes across multiple ERPs, lacking real-time, transactional currency visibility and limiting hedging to known exposures—creating reactive analysis and unclear group exposure across 47 currencies.

Trane partnered with FiREapps (now Kyriba) to implement a centrally led FX management platform that delivers net asset positions by currency, FX accounting mapping, VaR-based hedge determination and advanced reporting. Within 12 months the company achieved 97% real-time visibility of group exposures and reduced Value at Risk by over 50%, enabling treasury to act as a strategic partner and increase business engagement.

Trane Technologies

Chris Donohoe

Assistant Group Treasurer