How Kimberly-Clark Gained an Accurate Picture of Its Exposure
How Kimberly-Clark Gained an Accurate Picture of Its Exposure
1 Pageskyriba.com • 1-855-KYRIBA-0 Kimberly-Clark is a U.S. multinational personal care corporation that produces consumer products that are sold in more than 175 countries. Kimberly-Clark’s portfolio brands include Huggies, Kleenex, Scott, Kotex, Cottonelle, Pose, Depend and more, and hold the No. 1 or No. 2 share position in 80 countries. The Kimberly-Clark Challenge Kimberly-Clark’s former approach to managing currency exposure was highly manual and lacked standardization. Despite using a daily FX rate many entities had different processes and logic for defining FX exposure and managed it on a monthly basis, which led to unwanted FX gains and losses in other income and expenses (OI&E). Identifying the Right Solution Kimberly-Clark implemented Kyriba’s FX Balance Sheet solution to a
