How India's leading manufacturers & exporters of Agro Chemicals increased the Hedge Efficiency by 100%?

The company is a globally renowned brand in manufacturing as well as exporting Agricultural Chemicals and Specialty & Performance Chemicals products. The company has strong domestic base with 3000 distributors and 38000 dealer's network. The company also featured as one of the 100 most valuable brands of 2015-16.

Exports are spread to more than 60 countries for both the businesses, including-

• Agricultural Chemicals like -Fungicides, Acaricides, Insecticides, Surfactants, Herbicides, and PGR's.

• Specialty & Performance Chemicals for leather, coating, plastic, textile.

The company hedges on for international off shore trade using strategies in Forex and Forward contract.

Challenges

• 1.Manual management of treasury operations

• 2. Adhoc based Hedging Process

• 3.Accuracy of data captured via manual processes

• 4.Delayed reports and analytics to take critical decisions

• 5. Unavailability of customized reports for the department

Benefits

• Reduction of manual efforts and increased accuracy with maker & checker concept.

• Better exposure management and Hedging through forwards.

• Save time & Increase accuracy in Hedging process due to access to real-time information on ready hedge position.

• Transformation from Reactive to Pro-active approach.

• Ease of Integration with existing IT infrastructure, SAP etc.

• Intuitive Dashboards, Automation Reports and MIS.

• Ability to take informed decisions as a result of NOP report and direct view of EEFC statement.

Client Feedback:

R Narayan Treasury Head – Indofil Industries Ltd

"IBSFINtech's Integrated Treasury Management System has proven to be a catalyst in strengthening our Treasury Management Processes. In last few months of using the product, we have observed critical transition in our risk management approach from reactive to pro-active. Manual efforts have come down considerably and we have been able to efficiently manage exposures & hedging through forwards. The product integrates with SAP and offers extensive reports/dashboards for effective management of treasury operations. IBSFINtech's team ranks high on technological capabilities, understanding of corporate treasury management processes and round-the clock customer support."