WSJ article:
... software from FiREapps, which costs Itron about $100,000 a year, pulls data about the company's currency risks around the world from Itron's accounting systems. Software from Reval, at another $100,000 a year, uses that data to help Mr. Barrie's team decide on the right hedging trades to make, and the trades are executed using the FXAll trading system from FX Alliance Inc., which costs Itron $20,000 a year.
...
Treasurers say they look at the software's cost as an insurance premium against the possibility of currency losses. The typical cost is "high five figures to low six figures" annually, says Amol Dhargalkar of Chatham Financial, which helps companies hedge currencies.
The software generally replaces a painstaking system that involves finance-department staffers emailing a plethora of Excel spreadsheets around ... data from the spreadsheets frequently is stale.
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