Reval, the global provider of a single Software-as-a-Service (SaaS) solution for enterprise treasury and risk management, announced today from EuroFinanceâs International Cash and Treasury Management Conference in Rome that it has partnered with Fides Treasury Services Ltd., the worldâs largest Multibanking Service Bureau for Corporates.
Part of Revalâs STP Community, the Fides partnership makes it easy and cost-effective for companies to connect with any bank without leaving the Reval environment, enhancing the straight-through processing experience for clients on Revalâs new version 11.1 single SaaS solution for enterprise treasury and risk management. Conference attendees can visit Reval at booth number L46.
âWeâre thrilled to have Fides as a member our STP Community, where the âServiceâ in our Software-as-a-Service is at work for our clients,â says Jim Gilbert, Reval Vice President, Strategic Alliances. âThrough our STP community, we proactively establish the connections for our corporate clients that make their lives easier and their workflow more efficient. With Fides, clients can stay in the Reval system, access their bank balances and statements, and avoid the cost and the hassle of connecting to multiple bank interfaces independently.â
âThe partnership with Reval is once more a perfect match to deliver simple and integrated âtrue global multibanking,ââ says Fides CEO Dennis Flad. âCorporate clients can access all of their banks globally through one channel, in one format, following one security policy. We are proud to be a part of the service Reval offers companies through its innovative single SaaS solution for enterprise treasury and risk management.â
Through the Fides partnership, clients can eliminate the time, energy and expense of dealing with multiple vendor and bank relationships to connect their treasury management system with their financial institutions. Clients receive support from the initiation of the bank mandate process through to the testing and configuration of each bank connection. Fidesâ unique status as a SWIFT Member Concentrator provides SWIFT connectivity to even those corporates without a SWIFT BIC code.