For integrated Treasury and Risk Management (TRM) to automate its treasury processes
LONDON:Reval announced that Hitachi Capital (UK) PLC, a subsidiary of the Hitachi Group, listed on the TSE, has selected and successfully implemented Reval’s comprehensive Software-as-a-Service (SaaS) solution for integrated Treasury and Risk Management (TRM) to automate its treasury processes.
By deploying Reval, Hitachi Capital UK was able to replace its incumbent installed Treasury Management System (TMS) with Reval's SaaS solution to gain significant improvement in the efficiency of processes and financial control over its treasury and risk positions, a press release says.
"We are particularly pleased with our new hedge accounting set up,” says Jeremy Johnson, Group Treasurer of Hitachi Capital. “Processes that previously took a minimum of two days and with uncertain results can now be completed in less than an hour at period end and with near zero P&L volatility in the future.”
“We are pleased to add a premier client like Hitachi Capital to our ever growing treasury community”, says Peter Reynolds, Regional Vice President Sales of Reval. “We approach our solution development process with a consultative approach and worked closely with Hitachi Capital to understand their business challenges and goals. Specifically, we enabled them to consolidate a number of different systems and processes into one. A key consideration for success was a smooth and well supported deployment. I am very pleased that once again Reval delivered on time, on budget and more importantly, according to our client’s needs.”