Hitachi Capital UK has implemented Reval’s software-as-a-service (SaaS) delivery model for integrated treasury and risk management (TRM) to automate its treasury processes.
“We are particularly pleased with our new hedge accounting set up,” said Jeremy Johnson, Hitachi Capital’s group treasurer. “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 profit and loss (P&L) volatility in the future.”
Hitachi Capital UK is a wholly-owned subsidiary of Hitachi Capital of Japan, which provides lease and invoice finance to businesses, retail point-of-sale (POS) finance, as well as vehicle fleet management and contract hire. Hitachi Capital UK additionally provides consumer loans through its internet-based Savvi brand and specialist driver instructor vehicle contract hire through Hitachi Capital Driving Instructor Centre.
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