Reval announced that they have released a new version of Software-as-a-Service (SaaS) solution for Treasury and Risk Management (TRM), Reval 14.0. This is the first of two annual upgrades which will enables treasurers to lead their organizations through global growth.
“Companies are more than multinational, they are global,” says Philip Pettinato, Reval’s Chief Technology Officer. “As companies enter new and emerging markets and work toward corporate growth mandates, treasuries need the operational foundation and the capabilities for cross-collaboration, better communication, and compliance with emerging regulatory requirements. Reval 14.0 builds upon the integrated nature of our single-version SaaS TRM solution to enable treasurers to lead their organizations, globally.”
The version includes enhancements to dashboard and reporting capabilities that provide treasurers with an integrated and global view of exposures, derivatives and cash positions, in real time. These reports enable treasury to aggregate and view their information in various ways, according to specific user and entity preferences. Treasurers more effectively advise their internal business partners, CFOs and boards regarding the interrelationships between cash, debt, investments and hedging activities with the ability to gather and translate data into actionable intelligence.
In version 14.0, Reval introduces enhancements to its Dodd-Frank and EMIR capabilities for trade capture and reporting to trade repositories. Since financial reform demands collateral from counterparties entering into over-the-counter derivative contracts, only Reval 14.0 has made Overnight Indexed Swap (OIS) discounting available to corporates as an alternative benchmark to LIBOR. Discounting cash flows and marking to market in the same way banks are beginning to will become increasingly important to corporates, especially as auditors are likely to make OIS discounting a requirement over time.
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