CLICK HERE TO LISTEN  

Learn how Scott Tsujita, Sr. Vice President of Finance and Treasury of Hypercom, improved his earnings predictability and saved more than $4 million annually in foreign exchange financing expenses over the last four years.

As recently featured in the February issue of Treasury and Risk Management Magazine, Scott credits FiREapps with helping his company shave nearly two percentage points (as a percentage of revenue) off its foreign exchange financing expenses over the last four years, saving more than $4 million annually. 

Scott was tired of relying on bankers for all his foreign exchange and hedging information. He would readily admit to not being an expert in "all the things that go with internal exposure reporting and managing foreign currency risk." "I was looking for an independent third party between me and the banks to advise me on how to get the best hedge rates, timely information about currency movements, and how to track our exposures on a more timely basis."

For some treasuries, it may take a large, unhedged loss they never want to experience again; for others, it might be a drive to better control the costs of hedge contracts or a need to centralize a global currency program. Whatever the reason, even companies with years of experience get to a point where their knowledge of instruments, access to market information or basic strategic approach to financial risks could use a technological boost.

After implementing FiREapps foreign exchange exposure management solution, Scott has now developed a more hands-on approach to Hypercom's currency management processes. FiREapps has helped Hypercom retool its reporting processes and its measurement and execution of hedge contracts. 

Go beyond the story and learn how Scott with the help of FiREapps now has the ability to:

• Improve Earnings Predictability
• Reduce Transaction Costs
• Improve Productivity

Panelists:

• Scott Tsujita, Sr. Vice President of Finance and Treasury of Hypercom
• Wolfgang Koester, CEO of FiREapps
• Corey Edens, COO and VP of Product Management

About the Speaker:

Scott Tsujita is Senior Vice President of Finance & Treasury and Investor Relations at Hypercom. He is a 20-year veteran of the electronic payment and financial service industries. Prior to joining Hypercom in 1992, he served with KPMG Peat Marwick in Vancouver. Mr. Tsujita also served as Senior Manager with Phoenix-based Zolondek, Blumenthal, Green, Freed & Strassels.

Wolfgang Koester is the CEO of Rim-Tec, Inc. which developed FiREapps, the leading corporate foreign exchange management technology firm. Koester has been managing risk for Fortune 100 companies as well as governments, including G-10s, since 1986. Prior to forming Rim-Tec, Koester served as President with GFTA Trendanalysen Inc., a quantitative currency manager.

Corey Edens joined Rim-Tec, Inc., as Chief Financial/Operating Officer in 2000. Prior this appointment, he was the President of Valcon Distributing Ltd., Inc. Before Valcon, Edens served as the Controller and Director of Operations for the Microsoft Network.  Edens has worked closely with Rim-Tec's customers to design, develop and implement the FiREapps solution.

About FiREapps

FiREapps, a subsidiary of Rim-Tec, Inc., is the leading technology provider of Exposure Management solutions. FiREapps delivers the market's only end-to-end solution that evaluates foreign exchange exposures and optimizes decisions to reduce economic risk and operational inefficiencies. FiREapps' optimized decision making processes are supported by comprehensive analytical capabilities and patent pending Decision Management Technologies. An on-demand solution based on proven best practices for managing foreign exchange exposures, FiREapps is highly accurate, user friendly and easily tailored to meet individual corporate needs. FiREapps has offices in Scottsdale, Arizona and Portland, Oregon and can be visited online at www.fireapps.com.

CLICK HERE TO LISTEN