Despite the flexibility of spreadsheets we all know they are error-prone and often inadequate to manage financial market risks appropriately. Spreadsheets represent a significant risk to businesses when relied on as the sole mechanism to record and report treasury derivatives such as FX forwards, FX options and interest rate swaps.
How Hedgebook helps:
Hedgebook’s low cost system offers an alternative to spreadsheets at a palatable price point. Using a system allows companies to move away from relying on spreadsheets and mitigates the risks, inefficiencies and inadequacies of spreadsheets. However, we still recognise the importance of spreadsheets so Hedgebook retains upload and download connectivity.