Hedgebook vs Spektra by TMS
Hedgebook
hedgebook.comSpektra by TMS
treasuryms.comSide by side
| Figure | Hedgebook | Spektra by TMS |
|---|---|---|
| Price from | $250/mo | — |
| Free plan | — | — |
| Free trial | Yes | — |
| Open source | — | — |
| Web | Yes | Yes |
| API | Yes | — |
| Self-hosted | — | Yes |
| Plans published | 1 | 1 |
| Spec score · Foreign Exchange Management Software | 8.2 (#1) | 7.2 (#12) |
| Company history | Hedgebook says it was formed in 2011 and has offices in the United Kingdom and New Zealand. | TMS says it was founded in South Africa and has served organizations since 1986. |
| Compliance | The corporate solution supports IAS 39, IFRS 9, CVA/DVA for IFRS 13, IFRS 7 calculations, and US GAAP. | TMS says Spektra includes workflows for local regulations, including SARB and other African reporting requirements. |
| Founded | 2011 | 1986 |
| Integrations | Hedgebook connects to third-party proprietary FX trading systems via API and describes API-based exchange of deal and valuation information. | TMS says Spektra connects to ERPs, general ledgers, banks, and payment platforms locally and internationally. |
| Purpose | Hedgebook is a SaaS treasury management solution for managing treasury risk and hedging decisions. | Spektra brings cash, foreign exchange, interest rate products, and treasury risk management into one platform. |
| Support | The company says customers can contact its team for help and that technical and treasury experts support API integration work. | Implementations include onboarding support, and clients can access ongoing help directly from experienced system specialists. |
Plans
In their own words
Hedgebook
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.
Spektra by TMS
Spektra by TMS has no write-up on Specifiction yet; its figures are above.