With an aim to optimize any international business DycoTrade took on the development of an advanced FX Module, providing any Dynamics AX 365 F&O environment with great functionality on Financial Risk management. Every international operating business encounters the good’s and bad’s of foreign currencies and the exchange rates for these currencies. To cover the financial risk on the exchange rate from order date to payment date these organizations use Forex contracts to cover for that risk.
Forex contracts are widely available in international banking and DycoTrade’s Advanced FX Module will register these contracts. Forex contracts can be hedged to a purch- or sales order, and thus mitigate any foreign currency exchange rate risk on the specific order. Lump sum hedging, without linking a contract to an order, is another possibility.
The Advanced FX module is fully integrated with Dynamics 365 and will support standard (financial) postings and functions within Dynamics as well as providing additional functions on hedging, forward rolling and trade books in multicurrency environments.
DycoTrade designs, develops, implements, supports and maintains a full Commodity Trade and Risk Management Application, based on Dynamics AX (Dynamics 365 F&O). This module is a separate part of this full solution. With customers worldwide in the food, feed and metal supply chains, and a global partner network we strive for 100% customer satisfaction. For more information: info@DycoTrade.com or +31 20 761 0437.