Since Revalâs founding in 1999, the financial software provider has been recognized for its leadership in helping corporations remain compliant with the growing complexities of accounting regulations affecting derivatives. Revalâs HedgeRx product delivers two major application releases each calendar year. This month the company has released Revalâs new FAS 157 module. Additionally, in 2007 Reval added support for the Canadian CICA 3865 hedge accounting standard.
âThis category was the most competitive with all vendors vying for the prize, so it is extremely satisfying to receive this awardâ said Jiro Okochi, Revalâs CEO.
âI believe we were recognized as we help companies solve very complex and expensive problems with a heavy focus towards depth and expertise in client support through our Software as a Service delivery platform,â continued Okochi.
Revalâs HedgeRx derivative solution, and derivative valuation service, Reval Centerâ¢, address the complex business, valuation, and accounting requirements for derivative management for interest rates, foreign exchange and commodities. Revalâs products and services help companies implement better approaches to effectiveness testing under stringent accounting rules such as FAS 133 and IAS 39, providing better control of operational risk, and helping to avoid financial restatements and other regulatory pitfalls. The easy-to-deploy HedgeRx is a professionally hosted application delivered over the Internet with cutting-edge security, strict controls and a SAS 70 Type II certification. Organizations including Commerzbank, Deloitte & Touche LLP, General Motors, GlaxoSmithKline, the government of Canada, National Grid Transco plc, Qantas, and many more have used Revalâs solutions to hedge foreign exchange, interest rate, energy and commodity risks while complying with todayâs FAS 133 and IAS 39 requirements.
Treasury & Risk, a unit of Wickâs Business Information, LLC established the Alexander Hamilton Awards in 1996 to celebrate excellence in treasury and financial management.