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Gold AHA Winner in Solution of the Year

Seeing Both Sides of Loans: FXpress

By staff Writer | Updated on November 02, 2009

FXpress, the Bala Cynwyd, Pa.-based provider of risk management and accounting software that was acquired by Reval over the summer, upgraded the intercompany loan module of its Web-based solution, FIRST, to give companies more flexibility and control in tracking their loans. The module tracks external loans as well as those transacted between different units of the same company.

Perhaps most importantly, unlike FIRST’s legacy loan module or competitors’ products, the new module provides reporting and general ledger posting from dual views, letting each subsidiary see both its borrowing activity and its lending activity, as well as its net position.

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