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Software for managing FX, interest rate and commodity hedges, with independent valuations and hedge accounting under IFRS and US GAAP. It publishes the strongest risk reporting in this edition and a public API. It does not trade or make payments, and prices and certifications are not published.
Hedgebook scores 1.6 out of 5 (31 out of 100) in the Buckingham Intelligence Treasury and FX Hedging Index 2026 and ranks 12 of 13. It is strongest for firms in Australia, New Zealand and the UK needing hedge valuations for audit, with 5 out of 5 for risk reporting. Not published or not stated on the pages read: pricing, integration and standing and security.
Scores from the Treasury and FX Hedging Index 2026.
| Segment | Score out of 100 | Rank |
|---|---|---|
| For importers and exporters | 24 | 13 of 13 |
| For corporate treasury teams | 45 | 6 of 13 |
| For payment and fintech firms | 25 | 13 of 13 |
The score out of 5 is the overall score out of 100 divided by 20. Leader goes to the top three overall, Best for to the first in each segment, and Top rated for to a score of 5 out of 5 on a criterion. Awards cannot be bought.
Where it scores best, and where to check closely, as shown in each ranking.
Firms in Australia, New Zealand and the UK needing hedge valuations for audit.
What Hedgebook publishes on its own pages, read on 26 October 2026.
Software for managing FX, interest rate and commodity hedges, with independent valuations and hedge accounting under IFRS and US GAAP. It publishes the strongest risk reporting in this edition and a public API. It does not trade or make payments, and prices and certifications are not published.
| Fact | What the provider publishes |
|---|---|
| Coverage | "Leading software for FX, interest rate and commodity risk management - including reporting, analytics and independent financial instrument valuations". |
| Pricing | Not published on the pages read. |
| Global reach | "10+ Countries"; "1400+ Companies"; "US$5.3B+ FX Forwards p/a". |
| Integration | Public API listed; ERP connections not named. |
| Standing and security | "Hosted on Microsoft's Azure cloud platform, with decentralised servers located in the European Union"; certifications not published. |
| Risk reporting | FX Exposure Tool covering "FX forwards, collars participating forwards and more"; "Accurate valuations in seconds"; "Supports IAS 39, IFRS 9, CVA/DVA for IFRS 13, and IFRS 7 calculations plus US GAAP". |
| Date read | 26 October 2026 |
A fact that is not published is scored as not offered or, for a fee, as if it were high. It is never estimated.
Facts read on 26 October 2026 from: hedgebook.com, hedgebook.com/fx-exposure-tool, hedgebook.com/saas-and-security.
Each score with the evidence behind it.
Each criterion is scored 0 to 5 against the best published offer in the Treasury and FX Hedging Index. 0 means not offered or not published. How it is scored
The other providers in the same ranking, ordered by score.
| Provider | Score out of 5 | Rank | Strongest for |
|---|---|---|---|
| Kyriba | 4.2 | 1 of 13 | Large corporate treasury teams wanting one system for cash, payments and FX risk |
| Atlar | 3.1 | 2 of 13 | Mid-market finance teams wanting bank and ERP links with strong security |
| Ripple Treasury (GTreasury) | 3.1 | 3 of 13 | Corporate treasury teams wanting hedge accounting inside the TMS |
| Kantox | 2.7 | 4 of 13 | Mid-sized firms automating hedges from ERP data |
| Bound | 2.5 | 5 of 13 | UK small and mid-sized firms wanting a published hedge price |
| Ebury | 2.2 | 6 of 13 | Importers and exporters needing hedges in many currencies and countries |
| Trovata | 2.1 | 7 of 13 | Finance teams wanting a published base price for multi-bank cash visibility |
| Convera | 2.0 | 8 of 13 | Firms paying in many currencies wanting forwards and options with FCA authorisation |
| Corpay Cross-Border | 1.9 | 9 of 13 | Firms paying in many currencies that want hedging without an upfront deposit |
| Agicap | 1.8 | 10 of 13 | Small and mid-sized European firms forecasting cash across many banks |
| MillTech | 1.6 | 11 of 13 | Fund managers and corporates wanting multi-bank FX pricing |
| Nilus | 1.6 | 13 of 13 | Finance teams wanting cash, forecasting and payments on top of their ERP |
Side by side on every criterion, fact and award.
Head-to-head comparisons cover pairs within the top five of each ranking. Hedgebook is compared with its alternatives in the table above.
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