Kantox

About the company

Kantox is the leading provider of Currency Management Automation solutions. Their software automates the complex currency management process, empowering treasurers and CFOs to navigate market volatility with ease.

Solution

Kantox’s Currency Management Automation software allows companies to easily monitor and manage the end-to-end FX workflow, from pre-trade to trade to post-trade. By automating these different phases, businesses can reduce costs and eliminate risks— including FX risk, allowing them to buy and sell in as many currencies as they desire and add promising new markets to their portfolios.

The system uses Application Programming Interfaces (APIs) to ensure that data can flow seamlessly across a firm’s different systems (e.g. ERP, TMS), eliminating the need for spreadsheets. This reduces operational risk and frees up valuable treasury resources.

Functionalities:
Kantox allows finance teams to focus on the strategic tasks that matter. With Kantox, you can:

• Automatically update prices based on FX rates
• Identify and collect FX exposure in real-time
• Monitor FX exposure and execute FX hedging programs
• Connect and trade with your preferred liquidity providers
• Analyse hedge performance and conduct analytics in real-time
• Automate swap execution and accounting tasks
• Establish a centralised FX function over company subsidiaries

As of July 2023, Kantox is a BNP Paribas company. Kantox will continue to operate as an independent company, now with the experience and market power of BNP Paribas behind it.

Would you like to learn more about automating your currency management? Visit www.kantox.com