By Helen Kane
Hedge Trackers announces the release of its new hedge accounting software: Capella Foreign Currency. The GAAP-compliant derivative accounting features of AcappellaFX will now be available for integration with your existing treasury systems, trade portals, ERP systems and rate providers. The new design allows users to access the entire feature set from the web: users will be able to login where ever or however they access the internet. In addition, fair value adjustments for credit have been codified along with import capabilities for exposures and trades data. We believe all users will be pleased with the design effort that replaces the old system’s dated look and feel with an exciting and updated interface.
Hedge Trackers has been processing derivative accounting entries for start-ups through Fortune 100 companies on AcappellaFX for almost a decade. When our software was originally licensed to clients the ability to implement it without IT intervention—in other words, without accompaniment—led to its name: AcappellaFX. Our new release, although still available standalone, has been upgraded to facilitate integration with treasury systems, trading portals, rate providers, and ERP systems. We are confident that existing and new clients will find Capella Foreign Currency is the brightest star in your constellation of treasury applications as it delivers GAAP compliant processes and journal entries for your currency hedge program.
Capella Foreign Currency manages the derivative accounting process:
- Appropriate, automated designation documentation at trade execution
- Measurement of ineffectiveness
- Production of US GAAP/IFRS compliant derivate accounting debits and credits in entity functional currency
- Preparation of consolidated tables for required quantitative disclosures
Capella Foreign Currency supports treasury’s exposure and trade management requirements as well as accounting’s control and reporting requirements. Capella has become the system of choice for organizations that recognize they need a robust derivative accounting solution providing deep technical support for those occasions when hedging is not perfect: it is the perfect tool in the imperfect world of hedging.
Capella Foreign Currency isn’t just software
Capella is supported by a full team of derivative accountants and senior hedge consultants rather than call center technicians. We understand the urgency of the close cycle; we understand the drive towards efficiency and need for accuracy; and we understand derivative accounting—inside and out. Capella clients are licensing a best in class tool and a team of derivative accounting experts that can support them in their application of derivative accounting.
Capella Foreign Currency will replace AcappellaFX, the cornerstone of Hedge Trackers’ outsourced derivative accounting business since 2004. Our ASP clients will continue accessing the system from subsidiaries around the country and around the globe.
Foreign Currency Outsourcing Clients
Regression results will soon be accessible via a web link provided with your entries. Foreign Currency outsourced clients will be receiving information on how to access this from their derivative accountant.
Introduction to the new system
Hedge Trackers will be holding its first demo of Capella Foreign Currency during the Association for Finance Professionals Annual Conference inBoston, November 6-9. To schedule a demo during or after the conference, contact your derivative accountant or connect with us at info@hedgetrackers.com or 408-350-8580.
