Case Study
BASF’s Journey to Implement a Universal FX Program
kyriba.com • 1-855-KYRIBA-0 BASF creates chemisty for a sustainable future. They combine economic success with environmental protection and social responsibility. The approximately 114,000 employees in the BASF Group work on contributing to the success of their customers in nearly all sectors and almost every country in the world. BASF’s portfolio is organized into five segments: Chemicals, Performance Products, Functional Materials and Solutions, Agricultural Solutions and Oil and Gas. The BASF Challenge BASF’s former FX Management process was based on a regional, decentralized approach to exposure reporting and risk transfer to HQ, making it nearly impossible for treasury to accurately calculate and mitigate FX risk on a global perspective. Identifying the Right Solution Fi