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Tamara Jacobs
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FINCAD Enhances Hedge Accounting Insight to Provide Greater Visibility for Informed Investment Decisions

Hedge Accounting Insight, FINCAD’s web-based hedge accounting solution, now offers increased coverage and enhanced cash flow and liquidity management, additions made in recognition of client and market needs. With this new functionality, Hedge Accounting Insight users can better manage their overall cash position as well as hedge a broader range of instruments.

Coverage is now available across multiple asset classes including commodities, interest rates, and foreign exchange instruments. The ability to now value and apply hedge accounting across a wide range of instruments gives treasuries greater visibility, which is increasingly important as 75% of corporate treasuries comply with hedge accounting regulations*. More specifically, Hedge Accounting Insight now supports commodity swaps as hedging instruments, and gives the option to either have a system generated hypothetical derivative or one that is user specified. This is especially useful for organizations that are using or selling commodities and looking for flexibility in setting up their hedge relationships.

“FINCAD has been very responsive in anticipating and responding to our needs,” said John Beattie, VP & Treasurer, Spectrum Brands. “The ability to use commodity swaps as hedging instruments is an important benefit to Spectrum Brands, and we now anticipate being able to more easily analyze and report on our zinc cash flow hedges. Zinc is used in the making of batteries and as such is a key component of our manufacturing process. Commodity prices such as zinc can be very volatile, which is why the inclusion of commodity hedging instruments in Hedge Accounting Insight will greatly facilitate our cash flow hedging.”

In addition to expanded coverage, Hedge Accounting Insight also includes new reports to easily see cash flow payments or receipts across a portfolio of financial instruments, greatly improving cash flow and liquidity management. With visibility into cash positions, these reports provide the added insight necessary for companies to make informed decisions.

“We strive to meet our customers’ valuation needs by continually expanding product coverage and functionality,” says Gurpreet Banwait, Director, Insight Solutions Product Management. “Hedge Accounting Insight’s 28 day release cycle ensures that coverage and functionality is up to date and relevant to the needs of our clients and the demands of the market.”

*Statistic from FINCAD’s 2012 Corporate Finance Survey