By ET Bureau - May 20, 2022 2 Mins Read
Atlas Risk Advisory, the provider of AtlasFX, today announced the expansion of its cloud-based FX risk and analytics data platform. With this enhanced capability, AtlasFX clients can automatically review high volumes of transaction-level data – 50M+ lines of transaction data – stored within their ERP systems to proactively identify and act upon exceptions.
AtlasFX provides a comprehensive analytics solution that enables corporations to achieve a holistic approach to managing and improving their balance sheet and cash flow hedging programs. With this latest enhancement, FX managers can perform the previously impossible task of high-volume data extraction and identify erroneous data exceptions – from the account level down to the transaction and user-level details. Using the AtlasFX platform, clients can correct the errors before month-end close and establish a preventative approach to future errors due to the depth of drill down at the user level.
Also Read: How to Overcome the Challenges in ERP Implementation
“What we’ve done is delivered the proverbial ‘needle in the haystack’ to our clients,” says Gavin O’Donoghue, Managing Partner at Atlas Risk Advisory. “By automating the data mining process for tens of millions of lines of data and being able to find not only the exceptions in their data, but the actual reason for the error is something that has never been possible for FX and treasury professionals. While very practical, this ability will prevent accounting mistakes from impacting your hedging program.”
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