San Francisco – AtlasFX today announced the addition of the Transaction Exception Analyzer to its cloud-based FX risk and analytics engine. With this new capability, AtlasFX clients can automatically review high volumes of transaction level data – 25M+ lines of transaction data – stored within their ERP systems to identify and act upon exceptions proactively.
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 achieve the previously impossible task of high-volume data extraction and identifying erroneous data exceptions at all levels – from the account level all the way down to the transaction and user-level details. Using this tool, clients can now correct the errors prior to month-end close as well as a establishing a preventative approach to future errors due to the depth of drill down at the user-level.
“What we’ve done is delivered the proverbial ‘needle in the haystack’ to our clients,” says Gavin O’Donoghue, Managing Partner at AtlasFX. “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.”