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FXpress Corporation Announces Third Straight Year of Record Growth - FXpress Corporation, the leading treasury risk management and accounting software provider, today announced record sales for the fiscal year ending March 31
FXpress Corporation Announces Third Straight Year of Record Growth

 

NewswireToday - /newswire/ - Bala Cynwyd, PA, United States, 2009/04/15 - FXpress Corporation, the leading treasury risk management and accounting software provider, today announced record sales for the fiscal year ending March 31.

   
 
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The company reported a 34% percent increase in revenue over the previous fiscal year. This marks the third consecutive year of record growth, representing a new record in sales bookings.

This record growth is attributed to the continued market leadership of the company’s web-based treasury management system, FIRST™. Among the areas of the system that saw significant enhancements were the Interest Rate Module, commodity exposure management, and the workflow for requesting and managing hedges. Other popular new features include the management of internal debt programs, the ability to initiate payments in bank specific SWIFT messages and expanded support for FAS 157 and FAS 161.

“In the current economic climate, it is a means of survival for corporations to effectively manage their risk” says Bob Richardson, President & CEO. “Our continuous record growth demonstrates corporate confidence in FIRST™ to manage foreign exchange, commodity and interest rate exposures.”

In the last year, FXpress significantly expanded its client base within the United States as corporations recognized their exposure to the extremely volatile markets. These companies, including American Medical Systems, William Wrigley Jr. Company, William Scotsman Inc., and McCormick & Company, Inc, chose the FIRST Treasury Risk Management & Accounting Software as the top treasury management system in the market.

About FXpress Corporation
Premier corporations choose FXpress (fxpress.com) as their technology partner to simplify and automate core treasury processes. FIRST™ treasury software, the company’s product offering, enables the management of cash, exposures, derivatives and hedge accounting for FASB and IAS compliance via Software-as-a-Service deployment. Founded in 1993, FXpress Corporation is headquartered in Bala Cynwyd, Pa.

 
 
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FXpress Corporation Announces Third Straight Year of Record Growth

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Publisher Contact: Ryan Cantwell - FXpress.com 
610-617-7988 rcantwell[.]fxpress.com
 
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IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any FXpress Corporation securities in any jurisdiction including any other companies listed or named in this release.

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