Case Study
Reducing FX Risk by Over 50 Percent in One Year Across 47 Currencies
Ingersoll Rand is a diversified, global company headquartered in Ireland that is a world leader in creating comfortable, sustainable and efficient environments in homes, buildings, transport and industry. With its origins dating back to 1871, it generates revenue primarily through the design, sale and service of a diverse portfolio of industrial and commercial products including well-recognised, premium brands such as Ingersoll-Rand®, Trane®, Thermo King® and Club Car®. In transitioning from legacy and largely manual processes for hedging foreign exchange (FX) risk management, the Dublin-based treasury department of Ingersoll Rand sought greater visibility and quantification of its exposures. This involved partnering with a dedicated technology provider and adoption of a centra