By Anne Friberg
Corporate FX managers are fighting on two fronts. Residual volatility from the global economic downturn and financial crisis continues to complicate their attempts to effectively manage currency risk. The crisis has revealed the shortcomings of reactionary risk management strategies and spurred demand for best-of-breed systems and processes that will support proactive responses to future upheavals. But at the same time, contracting business revenues have increased pressure to cut costs across the board, making it difficult for treasurers to argue for the IT, staff and related investments needed to establish such systems.