Treasury Management Internation Logo

Redhat goes live with AtlasFX to improve FX currency risk management program

Published 

San Francisco, CA – Raleigh-based Red Hat, the world’s leading provider of open source, enterprise IT solutions, has implemented AtlasFX™, the currency and commodities risk management and analytics platform from Atlas Risk Advisory. The firm is using AtlasFX to optimize and advance their FX hedging strategy and improve month-end closing times.

Leveraging AtlasFX’s Transaction Currency Detail and Cross-Currency Analytics modules, the Red Hat treasury and risk team have been able to access and aggregate ERP data and analyze hedge performance. This has enabled the team to optimize their hedging forecast and strategy while also improving month-end close times with consolidated and automated reporting.

“We originally leveraged technology that only brought us half way. The entire analytical piece of the puzzle was missing,” says Emily Howard, treasury risk manager at Red Hat. “Now with AtlasFX, we get to see the full picture. Not only can we easily see where all our exposures are, but we can make the right decisions and know exactly where all of our FX gains and losses are coming from.”

The AtlasFX team provides a very consultative and efficient implementation experience which allowed Howard and team to start using the cloud-solution in just one month. Howard adds, “It was a migration situation for us and AtlasFX was great in terms of helping us prioritize our implementation in way that minimized any potential switching pain.”

“Emily and the treasury and risk group at Red Hat had very specific requirements around their current and future currency hedging strategy,” says Gavin O’Donoghue, vice president of technology at AtlasFX. “The Atlas team is committed to helping treasuries achieve scalable success with quality risk management capabilities that are purpose-built to efficiently deliver continuous intelligence and improvement. We are very excited that they have chosen us as their partner to support their mission-critical FX programs.”

Founded in 2010, AtlasFX helps companies visualize, analyze, and optimize their FX Currency and Commodities hedging strategies. Committed to delivering a client-first experience, Atlas partners w ith clients such as Starbucks, HP Inc., Red Hat Software, Celgene, Electronic Arts, AGCO, Dolby Laboratories, Lam Research, and SunPower Solar.

Most recent episodes

Trends in RFPs and RFIs: What Treasurers Want

Eleanor Hill (TMI) invites Dick Oskam and Bert Van Drie (ING) into the TreasuryCast hotseat to find out what trends treasurers want to see emerge from the Request for Proposal (RFP) and Request for Information (RFI)...

33:16

Creating a Connected Financial Office

When data flows are connected, it’s so much easier to make quick and accurate decisions. This is the principle behind the notion of the connected financial office. In this podcast, Gareth Priest (Bottomline Technologies) provides informed advice on how...

18:34

Journeys to Treasury: Managing Changing Perspectives

For this special edition of TreasuryCast, we showcase the results of the Journeys to Treasury 2021-22 report. Here, Jan Dirk van Beusekom (BNP Paribas) and Christian Mnich (SAP) offer Eleanor Hill (TMI) an informed view...

33:03

Cybersecurity for Treasurers

Cybercrime and fraud is on the rise and new attack vectors are emerging with alarming frequency. In this podcast, Nicolas Trimbour (BNP Paribas) and Laurent Sarrat (Sis ID) provide an overview of the latest tools and best practices treasurers should be employing...

37:53

A New Treasury Ecosystem: Open Banking, APIs, and BaaS

For this special edition of TreasuryCast, Eleanor Hill invites Peter Claus-Landi (GE) and Jared Smith (HSBC) to cover how key API-centric developments are changing the treasury landscape. With APIs significantly...

18:02

Using Data as the Corner for Finance Transformation

Many organisations face challenges in managing spend, payments, and cash effectively due to siloed processes and datasets across multiple departments. In this podcast, Ulrika Haug (Coupa) and Kim Estes (The Knot...

29:20

Realising Treasury’s True Value – A Strategy for Change

Join John Meehan (Froneri) to hear how Froneri utilised a year of no acquisitions and no meetings to implement a total transformation project through implementation of a TMS, unlocking the true value of his corporate...

49:14

Lessons from Innospec on Building a Strong Cash Culture

Without ready access to the key metrics of cash forecasting, Andrew Hawes (Innospec) knew the business could do little more than react to events. But without the collaboration of key stakeholders too, he knew that...

35:08

How to Make Your TMS the Ultimate Investment Tool

The right TMS can be a huge asset to treasury. But these one-stop shops often fall short when it comes to short term investment workflows. In this podcast, Ed Lopez, James Griffin (Calastone), Jeannot Jonas (Carrier...

01:24:00