Governance, Risk & Compliance

Governance, Risk & Compliance

October 18, 2011

Single SaaS Solution from Reval Launched for Enterprise Treasury and Risk Management

Reval recently announced the launch of its enhanced, all-in-one Software-as-a-Service (SaaS (News - Alert)) solution for integrated enterprise treasury and risk management at EuroFinance's International Cash and Treasury Management Conference. This new launch of Reval version 11.1 is significant as this is the first time complex risk along with deep cash and liquidity functionality are being combined into a single SaaS solution. This new solution will now be able to easily manage the treasury requirements of more sophisticated organizations.  

In a release, Reval CEO and Co-founder Jiro Okochi said that, “We 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. Since 2008, CFO's 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.”

A strategic partner to over 500 companies worldwide, Reval helps financial professionals execute more effective global strategies.

Reval's leading financial risk management SaaS solution will now have a lot more features with the new version 11.1. This combined offering will now address the treasury requirements of all regions and also meet the global market demand for a single, integrated solution that offers deep and broad visibility for treasury and risk management across the enterprise.

Laurie McCulley, managing director of consulting firm Treasury Strategies said 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.”

Reval Chief Operating Officer Philip Pettinato said that, “Treasury organizations are in transition as they reevaluate how technology can deliver the intelligence they need to support strategic decision-making. Specifically, 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 they've found in point solutions, then we will have helped usher them into a new phase of treasury management.”

In other news, Reval recently announced it is participating in the SAP (News - Alert) EcoHub solution marketplace. This community-powered site makes it easier for customers to discover, evaluate and purchase partner solutions, such as Reval's Software-as-a-Service (SaaS) solution, which complement their SAP applications.

Carolyn John is a Contributor to TMCnet. To read more of her articles, please columnist page.

Edited by Jennifer Russell

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