Treasurers are consistently faced with the challenge of managing P&L and its principal drivers. In the context of clients’ global presence, with revenues and costs in different jurisdictions, they must decide whether to conduct FX risk management. This decision is based on market risk, volatility in exchange rates, cost of carry, and the ability to forecast currency requirements. Hugo Boss partnered with Bank of America to develop an innovative automated FX transaction-based risk management solution to de-risk currency exposures in global markets, while minimizing balance sheet noise. In this session, we describe the solution and the journey to get there.