Case Study: Rieter automates FX hedging and IFRS 9 reporting with Nomentia

Rieter - Customer Case Study

Rieter, a global industrial machinery manufacturer, required a solution to automate its complex foreign exchange (FX) hedging and IFRS 9 reporting processes. Its small treasury team was overwhelmed by manual work, which limited its ability to hedge risks effectively and protect its EBIT margin from currency fluctuations. The company partnered with vendor Nomentia to implement a more automated treasury management solution.

Nomentia’s solution automated the entire FX management process, from importing project data from Rieter's ERP to generating hedge proposals and forwarding them to an electronic trading platform. This drastically reduced manual effort and enabled Rieter to hedge a much larger volume of transactions. The results included significantly reduced overall currency risk and the ability to perform comprehensive IFRS 9 hedge accounting reports at the push of a button.

Rieter