Baylor Scott & White Health, one of the largest health care systems in the United States, is standardizing its post-merger treasury operations on Reval’s scalable cloud platform for treasury and risk management. The company’s corporate treasury function will use Reval to automate cash management, bank connectivity, liquidity planning, intercompany loans, in-house banking and pooling, investments and debt, and interest rate hedging.
“We are still in growth mode at Baylor Scott & White Health, so having a treasury system that will meet our needs today and grow with us is key,” says Cindy Newton, System Director of Treasury Operations and Banking Operations at Baylor, Scott & White Health. “Not only is Reval nimble and scalable, but it is also a workhorse solution with many capabilities and analytics that will move us into the realm of where treasury should be operating.”
Baylor Scott & White is implementing a phased rollout within corporate treasury, which manages the day to day banking operation for the entire health care system. Its future plans include automation of transactions and general ledger integrations at the entity level.
“The treasury team at Baylor Scott & White Health are highly focused and experienced financial professionals who have a clear vision for how they want their integrated organization to function,” says John Mitchell, Executive Vice President, Global Sales, Reval. “We are honored that Reval is their treasury system of choice and are excited to partner with them to meet their needs today, and well into the future.”