These days treasurers don't just worry about interest rates or foreign exchange risks, but also the creditworthiness of banks and a range of other risks. As managing risk moves higher on treasurers' to-do lists, technology companies are taking note. For example, workstation provider Kyriba struck a deal with FXpress in June that gives clients access to FXpress's risk management solution. "The focus on risk is very much increasing and becoming more and more central to treasury
groups," says Jud Murchie, an analyst with financial services consultancy Aite Group. "It comes from just the nature of an evolving global economy. Companies are dealing in more currencies, and risks emerge and companies need to respond."