Oct 13, 2011
Reval launches single SaaS platform
UNITED STATES--US-based Reval has launched its Reval enhanced, all-in-one Software-as-a-Service (SaaS) platform for integrated enterprise treasury and risk management. The release of the Reval version 11.1 platform marks the first time that complex risk and deep cash and liquidity functionality has been combined into a single SaaS solution capable of managing the treasury requirements of more sophisticated organizations, the company says.
Version 11.1 broadens Reval’s financial risk management SaaS solution with the integration of cash and liquidity management functionality developed by ecofinance, the treasury management system provider Reval acquired in early 2011. 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.
"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,” Laurie McCulley, managing director of consulting firm, Treasury Strategies, says.
Reval’s 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 sub-ledger for all treasury accounting entries.
“Treasury organizations are in transition as they re-evaluate how technology can deliver the intelligence they need to support strategic decision-making,” says Reval chief operating officer Philip Pettinato. “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 Reval will have helped usher them into a new phase of treasury management.”