Forge aHedge vs Hedgebook

Forge aHedge is a cloud platform for managing commodity and FX risk, from exposure capture and hedging through treasury back office and hedge accounting. It brings procurement, treasury, finance, and accounting teams into a common system while integrating with existing ERP and treasury management systems through an API. The platform covers price, market, credit, and operational risk across forecasts, unpriced orders, fixed contracts, and existing positions. It supports forwards, futures, swaps, and options, and allows side-by-side strategy comparisons with cashflow outcomes across price scenarios. Treasury controls include role separation, approval chains, maker-checker workflows, and immutable audit trails. Hedge accounting supports IFRS 9 and ASC 815, including designation, effectiveness testing, valuation, journals, and disclosure data. The built-in Smithy assistant answers natural-language questions, provides insights, and can create deals and forecasts. Forge aHedge states it is independently certified to ISO/IEC 27001:2022 and describes encryption, tenant separation, enterprise identity controls, and Azure hosting. Pricing is available on request and scales with commodities or reference prices, currency pairs, and configuration.

Hedgebook is a cloud treasury management service for managing treasury risk and hedging decisions. Its corporate solution records and values FX forwards and options, commodities, and interest rate swaps. The FX Exposure Tool combines foreign-currency cash flow forecasts with existing forex hedges to display the hedging position, and it can model hypothetical FX scenarios for potential P&L impact and changes in hedge levels. A valuation tool provides independent mark-to-market or fair value valuations and sensitivity reporting. The corporate solution supports IAS 39, IFRS 9, CVA/DVA for IFRS 13, IFRS 7 calculations, and US GAAP. APIs connect it to third-party proprietary FX trading systems for exchanging deal and valuation information. Hosted on Microsoft Azure, the platform is accessed through a web browser and secure login. Hedgebook lists a free trial before purchase and a starting price of $250 a month per corporate licence. It says implementation is guaranteed within 24 hours and supports modern versions of most major browsers, but Microsoft Edge is not currently supported. Hedgebook was formed in 2011 and has offices in the United Kingdom and New Zealand.