The Exchange Rate Risk is a financial risk that exists when a financial transaction is denominated in a currency other than that of the base currency of a company. Every bank, company, and individual that uses foreign currencies are vulnerable to this risk.
For example, if a company has a €1,000,000 contract... what would be their value at risk according to the Euro exchange rate behavior? Because this is a complex statistical calculation, determining this value requires a specialized staff in statistics, mathematics, and finance. This staff is implies costs for companies.
However, through this App, all companies, banks, and individuals will be able to easily determine their exchange rate value at risk. Thanks to the Salesforce1 platform, this App can be accessed form any part of the world, at any time. This app automatically gets the daily currency exchange rates and calculates the value at risk according to the parameters entered by the user.
The reason that we decided to build this app is because there is a lot of demand and at the same time, there is almost or no offer for Financial Risk Management Software. We are proud to offer one of the very first Cloud Financial Risk Management Apps (if not the first one). Our mission is to give people tools for assessing financial risk in a easy, accessible and cheap way.
This app demonstrates that the Salesforce1 Force.com platform supports even the more complex processes and mathematical calculations. The Salesforce1 is more than a bussiness app platform, it is the platform in which every app should be developed.