Publicly listed EBOS Group subscribes to HedgebookPro

We are pleased to announce that EBOS Group Limited has recently taken HedgebookPro.

EBOS Group is a publicly listed company on the New Zealand Stock Exchange and has over 2,200 staff headquartered in New Zealand with over 40 offices located throughout Australasia. EBOS Group is one of the largest suppliers of international healthcare brands in the Australasian region.

EBOS Group has multiple entities with various interest rate and foreign exchange derivatives. To effectively manage the financial reporting requirements of these multiple entities EBOS knew they needed a system. Independent derivative valuations, IFRS 7 and IFRS 9 compliance is made easy with HedgebookPro. Hedgebook’s solution fitted the bill with its simple but intuitive approach to a complex area. Cost was also an issue as EBOS Group, whilst being a large company, does not have overly complex hedges and so needed a system which did the basics well.

EBOS Group’s Group Accountant Tonia Johnson said “the key requirements for us were around complying with the accounting standards, specifically doing hedge accounting under IFRS9. Hedgebook covers this off, as well as being easy to use and cost-effective.”

We welcome Tonia and EBOS Group as new HedgebookPro users.

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