Today at EuroFinanceâs International Cash and Treasury Management Conference, Reval (www.reval.com) announced the launch of its enhanced, all-in-one Software-as-a-Service (SaaS) solution for integrated enterprise treasury and risk management. The unveiling of Reval version 11.1 marks the first time complex risk and deep cash and liquidity functionality is combined into a single SaaS solution capable of managing the treasury requirements of more sophisticated organizations.
âWe are very excited with the launch of our single solution, which we believe can at long last deliver everything that a treasurer should expect from an enterprise treasury solution and much more,â says Reval CEO and Co-founder Jiro Okochi. âSince 2008, CFOâs and their treasurers have stepped up their call for the ability to better manage their financial risk, cash and liquidity, globally. Today, Reval answers that call with an all-in-one solution for total visibility.â A strategic partner to over 500 companies worldwide, Reval helps financial professionals execute more effective global strategies.
Version 11.1 broadens Revalâs leading financial risk management SaaS solution with the integration of cash and liquidity management functionality refined over 25 years by ecofinance, the treasury management system provider Reval acquired early this year. The combined offering meets the treasury requirements of all regions and addresses the global market need for a single, integrated solution that delivers deep and broad visibility for treasury and risk management across the enterprise.
Laurie McCulley, Managing Director of consulting firm, Treasury Strategies, explains that "As the function of treasury continues to expand and evolve into the corporate financial nerve center, organizations are increasingly looking to SaaS technology to provide visibility and control of these critical financial operations, as well as a view of risk.â
Revalâs SaaS includes 12 new modules for key areas of treasury, offering flexible views for global cash management and liquidity, including funding, investing, transactions and payments. It provides a single platform for all instrument capture, covering derivative, debt and investment instruments, and offers a single subledger for all treasury accounting entries.
âTreasury organizations are in transition as they reevaluate how technology can deliver the intelligence they need to support strategic decision-making,â says Reval Chief Operating Officer Philip Pettinato. âSpecifically, they are looking for better visibility and control into positions and exposures across business units and subsidiaries around the world. If a single SaaS platform can provide these organizations with an affordable and scalable way to adapt, optimizing treasury and risk processes across the enterprise without compromising the depth of functionality theyâve found in point solutions, then we will have helped usher them into a new phase of treasury management.â
Reval extends its straight-through processing workflow to external systems, proactively making connections for clients to improve their user experience. To date, Revalâs STP Community integrates FX trading, market data service delivering over 680 curves spanning all asset classes, bank connectivity services, and a certified SAP Service module.
As Okochi explains, âThe âServiceâ element of a Software-as-a-Service offering is crucially important for companies. We plan to continue to invest in our product and to provide excellent client support around the globe.â Since its acquisition of ecofinance, Reval doubled its global client support team to ensure clients have 24/7 access support in every region.