Latest Research


This content is currently locked.

Your current Info-Tech Research Group subscription does not include access to this content. Contact your account representative to gain access to Premium SoftwareReviews.

Contact Your Representative
Or Call Us:
1-888-670-8889 (US/CAN) or
+1-519-432-3550 (International)

Comprehensive software reviews to make better IT decisions

Kyriba Report Shows Importance of Foreign Exchange Management to Business

Kyriba, a cash and foreign exchange management company, reveals that US companies experienced the most dramatic losses from foreign exchange in the first quarter for 2019, U$23.4 billion.

The average negative FX impact per company in the US increased 12% during the quarter.

European companies lost U$3.3 billion in the first quarter of 2019.

The report cites growing political uncertainty and escalating trade wars for the increasing losses.

Leave a review for Kyriba at SoftwareReviews Banking Cash Management

Our Take

The Kyriba report serves as a strong reminder that the continued globalization of business and trade results in an equivalent growth in US corporate exposure to foreign exchange movements. While mitigation of all exposure is difficult to achieve and possibly prohibitively expensive, use of cash management applications such as Kyriba can help companies to better recognize and manage their exposure.

As global politics become increasingly tense and trade wars continue to escalate without any apparent path to reconciliation, applications such as Kyriba become increasingly important to corporations to manage their FX risk.

Visit our Exponential IT Research Center
Over 100 analysts waiting to take your call right now: 1-519-432-3550 x2019