What is FX hedging software?

FX hedging software lets a business set a hedging strategy and automatically execute trades against it. Instead of waiting until a foreign currency payment or receipt is due and taking whatever the exchange rate is then, the business can lock in a rate, spread trades over time or set a rate range in advance. This gives finance teams more certainty when planning budgets, costs and revenue. Connecting your accounting software can also give you a live view of your FX exposure and automatically reconcile trades once they’re made.

What is the difference between FX hedging software and a broker?

A traditional FX broker executes trades on instruction, usually by phone or email, and manages the relationship manually. FX hedging software like Bound executes automatically against a strategy the finance team sets in advance, without requiring contact for each individual trade. Bound also shows the fee before every trade is confirmed, something most broker models do not. Bound's FX specialists are available for strategy guidance, but the execution is software-driven.

Does FX hedging software require an accounting software integration to work?

No. Bound connects to Xero, QuickBooks, NetSuite, Stripe, Revolut, Google Sheets, and bank feeds to identify exposure automatically, but the integration is optional. Many customers run Bound self-serve, using the platform as a pure execution layer. Additional connectors are built on request.

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how much of your FX process still happens in spreadsheets?

to never worry about FX again.

When those tasks sit across separate systems, your finance team has to join the dots.

Bound connects to Xero to bring accounting data into your FX workflow.

Bound was founded in 2020 by founders Seth and Dan to solve the problems finance teams face with traditional FX brokers: opaque pricing, outdated processes, and a lack of flexibility.

FX isn’t your priority, so we built a copilot that identifies, monitors and protects your exposure for you, as your business changes.

When those tasks sit across separate systems, your finance team has to join the dots.

Bound connects to Xero to bring accounting data into your FX workflow.

Tracking foreign currency invoices.

Working out what to hedge.

Reconciling transactions afterwards.

your accounting data, working for your FX.

Get a clearer view of your exposure

Use connected accounting data to help understand your foreign currency exposure and inform your hedging decisions.

Manage currency risk with a structured approach

Set your rules. Bound executes your hedges automatically, with experts on hand.

Automate FX reconciliation

Reduce manual data entry and reconciliation work through the workflows supported by your NetSuite integration.

THREE SMART Strategies

pick a strategy, set it, and forget it.

01

Averaging

02

Ranging

03

Forwards

Averaging strategy

Average across multiple exchange rates to reduce the impact of short-term peaks and valleys.

Learn more

Market rate

Hedge rate

Market Rate

0.0000

Hedge Rate

0.0000

01

Averaging

02

Ranging

03

Forwards

Averaging strategy

Average across multiple exchange rates to reduce the impact of short-term peaks and valleys.

Learn more

Market rate

Hedge rate

Market Rate

0.0000

Hedge Rate

0.0000

connect NetSuite to Bound.

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BENEFITS

built for how finance teams actually work.

⭐️

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TRANSPARENT PRICING

no setup fees. no monthly fees.

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FLEXIBILITY Built in

amend, cancel, or split any trade - anytime.

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AUTOMATED RECONCILIATION

month-end that closes itself.

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NO BROKER CALLS

self-service platform.

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what our finance teams love most about Bound

REPORTING

REAL-TIME ANALYTICS

FAST ONBOARDING

SETTLEMENT + 3RD PARTY PAYMENTS

AUTOMATION RULES

USER PERMISSIONS

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SECURITY

your money is our top priority.

Safeguarded funds

EMI license

FCA regulated

ISO 27001 certified

WHY COMPANIES SWITCH TO BOUND

don't take our word for it.

"Last week we went in and changed our conversions and hedges in two minutes. It’s just so easy."

Peter Coleman

Finance Manager

"Now, we only spend a couple of minutes on Bound every month, and that's it!"

Khushil Patel

Senior Management Accountant

"Bound's platform is simple and intuitive - we didn't need FX experts to get it right."

Bartosz Smólczyński

Finance Lead

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frequently asked questions

Does Bound automatically hedge everything in my accounting system?

You stay in control of your hedging strategy. Bound can execute trades automatically according to the rules you set.

Will the integration capture all our exposure?

Exposure monitoring depends on the data available through your integration. Forecasts and other exposures may need additional information.

What does the integration reconcile?

We’ll show you the reconciliation and write-back capabilities supported by your [ERP] configuration, including any steps your team still needs to complete.

How does automated FX hedging work?

Bound connects to a business's accounting software (Xero, QuickBooks, NetSuite, and others) to identify FX exposure from open invoices and planned payments. The finance team selects a hedging strategy, whether Forwarding, Averaging, or Ranging, and Bound executes trades against it without requiring manual booking for each transaction. Amendments are handled in the platform, with the cost shown before any change is confirmed.

Do we need a dedicated treasury team?

Bound supports finance teams without dedicated treasury expertise, as well as teams looking to automate an existing hedging process. FX specialists are available when you need guidance.

Integration functionality depends on the connected system and customer configuration. Hedging involves risks and obligations; forward contracts are binding.

Is FX hedging software only for large businesses?

No. Bound is designed for mid-market finance teams at businesses with ~$13.5M to ~$340M+ in revenue. Pricing tiers start at annual FX flow under $20M. The platform is self-serve, so businesses without a dedicated treasury function can run a hedging programme without external support.

connect Xero.
get a clearer view of FX.
reduce the manual work.

Bring your accounting data into Bound to help monitor currency exposure, manage FX risk and simplify reconciliation.

how much of your FX process still happens in spreadsheets?

to never worry about FX again.

When those tasks sit across separate systems, your finance team has to join the dots.

Bound connects to Xero to bring accounting data into your FX workflow.

Bound was founded in 2020 by founders Seth and Dan to solve the problems finance teams face with traditional FX brokers: opaque pricing, outdated processes, and a lack of flexibility.

When those tasks sit across separate systems, your finance team has to join the dots.

Bound connects to Xero to bring accounting data into your FX workflow.

your accounting data, working for your FX.

pick a strategy, set it, and forget it.

01

Averaging

02

Ranging

03

Forwards

Averaging strategy

01

02

03

Averaging strategy

connect NetSuite to Bound.

built for how finance teams actually work.

what our finance teams love most about Bound

your money is our top priority.

don't take our word for it.

frequently asked questions

Does Bound automatically hedge everything in my accounting system?

Will the integration capture all our exposure?

What does the integration reconcile?

How does automated FX hedging work?

Do we need a dedicated treasury team?

Is FX hedging software only for large businesses?