PRZOOM - /newswire/ -
Bala Cynwyd, PA, United States, 2009/06/18 - FXpress President and CEO, Bob Richardson, was named this month in Treasury & Risk Magazine’s annual “100 Most Influential People in Finance” list. This marks Mr. Richardson’s first appearance on the prestigious list.
In the last year, Mr. Richardson guided FXpress to another year of record growth, posting a 34% growth in revenue, as well as overseeing the development of FIRST S9, the newest version of FXpress’ ASP Treasury Risk Management and Accounting Software.
“It’s an honor to be named to this prestigious list. Our record growth demonstrates corporate confidence in FXpress to manage financial exposures and hedges through an efficient workflow, which has evolved to encompass foreign exchange, commodity and interest rate risk” says Mr. Richardson. “This listing is a result of the hard work and dedication of my employees to bring this software to market over the last 16 years.”
This month’s release of FIRST S9, the newest version of FXpress’ Software-as-a-service (SaaS) platform was also recently featured in Treasury and Risk Magazine’s newsletter, T&Rexpress. This tool for corporate treasurers includes a new Bank Account Management module, a redesigned intercompany lending tool, as well as powerful new netting tools, enabling multi-national companies to manage their foreign exchange hedging portfolios more efficiently.
Continuing its goal to provide clients with a complete treasury workstation, FXpress began a partnership this week with Kyriba, the leader of SaaS cash and treasury management solutions, to add even more value and capability to clients. This alliance intends to meet the rising demand for transparency and risk management across cash and treasury operations. The combined solution is expected to attract existing clients of both companies as well as drive new business to a unique “best-in-class” offering.
About FXpress Corporation
Premier corporations choose FXpress (fxpress.com) as their technology partner to simplify and automate core treasury processes. FIRST™ Treasury Risk Management and Accounting Software, the company’s product offering, enables the management of exposures, derivatives and hedge accounting for FASB and IAS compliance via Software-as-a-Service deployment. Founded in 1993, FXpress Corporation is headquartered in Bala Cynwyd, Pa.