Global Energy Leader Leverages the Cloud to Centralise Cash, Debt, Risk, Compliance
Reval is pleased to announce that its Reval Cloud Platform for treasury and risk management has been adopted by CLP Holdings Limited (CLP), one of the largest investor-owned power businesses in Asia Pacific. The platform helps centralise control and reporting of cash, debt, risk and hedge accounting activities.
“We couldn’t be happier to have our system in place at CLP,” says Tony Singleton, Reval’s Managing Director in the APAC region. “The scalability of the Reval Cloud Platform can provide a sustainable way for CLP to support its expanding business.”
Companies throughout the Asia-Pacific region are using Reval to manage their cash and risk all in one secure system in the cloud. Increasingly, companies are adopting cloud technology to more easily scale their businesses, centralise control and become more resilient to market dynamics and new regulations. Reval clients in the region, for example, are beginning to early adopt IFRS 9 for hedge accounting.
Listed on the Hong Kong Stock Exchange, CLP operates a vertically-integrated electricity supply business in Hong Kong and holds investment in the energy sector in Mainland China, India, Southeast Asia, Taiwan and Australia.
Reval is a leading, global Software-as-a-Service (SaaS) provider of comprehensive and integrated Treasury and Risk Management (TRM) solutions. Our cloud-based software and related offerings enable enterprises to better manage cash, liquidity and financial risk, and includes specialised capabilities to account for and report on complex financial instruments and hedging activities. The scope and timeliness of the data and analytics we provide allow chief financial officers, treasurers and finance managers to operate more confidently in an increasingly complex and volatile global business environment. Using Reval, companies can optimise treasury and risk management activities across the enterprise for greater operational efficiency, security, control and compliance. Founded in 1999, Reval is headquartered in New York with regional centers across North America, EMEA and Asia Pacific.