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New Solution Delivers Foreign Exchange Exposure Data from Oracle EBusiness in Seconds

Tue Aug 19, 2008 9:47pm EDT
Educational Webinar Addressing the Challenges Companies Face
           Managing Transaction Currency Data Within Oracle
SCOTTSDALE, Ariz.--(Business Wire)--
FiREapps, the leading provider of Foreign Exchange Exposure
Management Technologies, announced today that it will be hosting a
webinar to educate Oracle EBusiness on its newest product, FiREapps
for Oracle.

   During this one-hour webinar FiREapps will illustrate how
companies can quickly institute an automated, straight through process
for managing foreign exchange exposure, enabling companies to go from
data to decision with confidence. The webinar will focus on the
challenges most companies face when managing transaction currency data
within Oracle and how to overcome these challenges when calculating
and managing foreign exchange exposures.

   Additionally participants will learn: how to inject operational
efficiency into Oracle FX operations, how operational efficiency leads
to better data integrity, the economic risks of invalid FX data, and
the hidden issues and compliance risks with Oracle under FAS 52.

-0-
*T
Topic:        Leveraging Oracle for FX

Moderators:   Andy Gage, VP sales and marketing, FiREapps
              Thurman Keene, senior sales consultant, FiREapps

Date:         Wednesday, August 20, 2008

Time:         11:00am PDT / 1:00pm CDT / 2:00pm EDT

To register:  http://www.fireapps.com/News/webinars.asp
*T

   "Multinationals from around the world have shown us how difficult
it is to get complete foreign exchange exposure data out of their ERP
systems, and how inaccurate their exposure calculations can be from
the data they do get," said Wolfgang Koester, CEO of FiREapps.
"Through FiREapps for Oracle, we have created a solution for treasury
departments that leverages one of the world's foremost ERP systems to
provide quick and simple access to the transaction data they need to
quantify and manage foreign currency volatility. Our investment in
this solution delivers a path to effective FX exposure management for
tens of thousands of companies worldwide."

   FiREapps for Oracle, was released on July 16, 2008. FiREapps for
Oracle makes it easier for treasurers who rely on Oracle EBusiness to
gain automated access to the transaction data they need to calculate
their foreign exchange exposure.

   About FiREapps

   FiREapps, a subsidiary of Rim-Tec, Inc., is the leading provider
of foreign currency exposure management software. The company provides
technologies and services that help corporations optimize foreign
exchange processes. These solutions help customers mitigate risk while
increasing profitability and operational efficiencies. FiREapps has
offices in Scottsdale, Arizona, Boston, Massachusetts and Portland,
Oregon.

Schwartz Communications
Dara Sklar or Britt Gottlieb, 415-512-0770
fireapps@schwartz-pr.com

Copyright Business Wire 2008



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