How Profine achieved real-time FX risk management with Kantox

FX Management Challenges

Before 2022, there was no FX risk management within the group. They relied on spot trades, with each entity handling its FX independently. This inefficient setup prompted the need for an automated solution that could manage and process their FX exposure, integrate with their internal systems such as their ERP, SAP, and scale with their needs.

“The most important thing is that we have now our interface with Kantox to SAP in place, which allows us to handle a lot of data, coming from SAP directly into Kantox nearly in real time. Which brings a lot of automatisation into the process and gives the team the opportunity to handle actually more currencies as they would or they could do on a manual basis.”

Why did they choose Kantox:

1. Outstanding Sales Process: The Kantox team understood their challenges and clearly demonstrated the solution’s advantages, preparing their presentation to ensure management buy-in.
2. Ease and Speed of Implementation: The solution was straightforward to integrate, allowing for a quick deployment with minimal disruption.
3. Unique Features and High Automation: Kantox offered advanced automation and Dynamic Hedging, a unique market feature that perfectly met their needs.

‍The Impact of Kantox on Profine’s FX Management

• Cost Savings: Profine has reduced FX fees by up to 60% in certain entities, leading to significant savings.
• Efficiency & Scalability: SAP integration ensures real-time data flow, while automation enables the team to manage even more currencies as they increase the amount of entities they add to the platform.
• Seamless User Experience: Kantox’s intuitive and user-friendly platform and responsive customer support make it a valuable partner for Profine’s continued growth.

‍The future with Kantox

‍Profine aims to expand its use of the Kantox Dynamic Hedging® platform by onboarding more entities and enhancing integration with SAP. As they implement a treasury management system, seamless data synchronization between Kantox and their new system will be a key priority. Additionally, as more entities join the platform, the number of currencies they can oversee continues to grow, further strengthening their risk management capabilities.