Timken CASE STUDYCASE STUDY Timken, a multi-billion-dollar global manufacturer of engineered bearings and power transmission products, had multiple foreign exchange currency hedging programs in place to mitigate their balance sheet and anticipate transaction risk. They had already done a lot of work to understand their exposures and activities, but they were using a legacy homegrown system based on MS Access to create journal entries (a routine process that handled just the basics of their hedge accounting needs) and a lot of spreadsheets and manual effort to keep it all afloat. These limitations were holding them back from expanding their hedging program and maximizing hedge effectiveness. They were looking for a stable and scalable software solution that would allow them to mo

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