The complexity of each of their financings, the volume of payments and a corporate structure with a significant number of asset-owning companies with varying bank account requirements, meant that a tailored, customer-focused, and nimble approach was needed from all of their system vendors, but in particular, their banking partner and treasury management system (TMS).
City Financials, a pre-configured treasury and risk management solution for multinationals, grew its bookings by 247% in the first half of 2017, compared to growth during the same period in 2016. New customers include corporate treasuries across the U.S., U.K., Sweden and Belgium.
A new U.S. accounting standard that makes it easier to account for hedges is likely to encourage more corporates to hedge. The Financial Accounting Standards Board voted last month to finalize the new hedge accounting standard, and the final standard is due out in August. Companies interested in using the new standard won’t have to wait long...
Over the next three years, 68% of treasury professionals believe their role will become increasingly important to their businesses. Advances in technology are allowing corporate treasuries to become a stronger strategic partner to the rest of the company, according to a recent survey of treasury professionals.
Kerry Logistics, a leading logistics provider based in Hong Kong, was awarded Best Liquidity Management Strategy for 2016, using Reval, the leading global software-as-a-service solution for treasury and risk management. The award from Corporate Treasurer magazine, commends Kerry’s application of technology to support its intercompany netting activities.
CLP is committed to implementing best-in-class processes, controls and decision-making across its business, so is its treasury department. As the group continued on its growth trajectory, treasury needed a more robust, scalable treasury management solution to meet its current and future needs, particularly given the fast-changing market and regulatory environment...
Greater Boston’s public transportation agency, the Massachusetts Bay Transportation Authority (“MBTA”), is automating its treasury management function using Reval, the leading Software as a Service (SaaS) solution for treasury and risk management. The agency will leverage Reval’s cloud-based system to centralize the management of cash and liquidity, payments, and investments and debt.
Recent volatility has FX managers weighing the right time to use options and forwards.
Global Finance magazine this month recognized Reval’s Software-as-a-Service (SaaS) solution for treasury and risk management with the Best Treasury Analytics award in the publication’s seventeenth annual Best Treasury & Cash Management Award 2017.
This insurance giant decided to partner with a major treasury risk management provider and third-party SWIFT service bureau to deliver its solution. The team now process over 1,000 bank statements and monitor exposure against 500+ limits each day.
Reval’s Software-as-a-Service (SaaS) solution for treasury and risk management was recognized as the industry’s Best Treasury Management System in the 2016 TMI Awards for Innovation & Excellence, hosted by Treasury Management International (TMI) magazine. Judges also recognized Reval with an award for Best Bank Connectivity.