The Reval v14.0 treasury management system, which the vendor refers to as its treasury and risk management (TRM) solution, has been updated to include extra data visualisation, analytical and compliance tools.
The updated Software-as-a-Service (SaaS) treasury technology system includes a new dashboard that Reval says can provide treasurers with a global real-time overview of exposures, derivatives and cash positions. Highly configurable reports can be constructed, claims the vendor, which will enable treasuries to aggregate corporate information in various ways according to specific user preferences.
Data can be translated into actionable intelligence with a suite of analytical tools that should mean treasurers can advise chief financial officers (CFOs), board members and business partners better in regard to cash positions, debt, investments and hedging activities and advise on future strategy.
The Reval v14.0 TRM solution also has improved compliance reporting capabilities to deal with the US Dodd-Frank rules and European Market Infrastructure Regulation (EMIR) which mandate new trade capture and repository requirements. As an alternative to the Libor benchmark, the solution offers corporates Overnight Indexed Swap (OIS) discounting which may prove useful as post-crash financial reform demands collateral from counterparties that enter into over-the-counter (OTC) derivative contracts. Discounting cash flows and marking to market, in the same way banks are beginning to do, will become increasingly important to corporates in this new regulatory regime, predicts Reval, which adds it believes auditors will likely make OIS discounting a corporate requirement over time.
In regard to payments, Reval v14.0 allows treasuries to schedule them according to local timezones, automatically taking into account the dispersing bank’s cut-off time. The ISO CAMT standard is also built into the latest iteration, with the new XML-based standard for bank account statement reporting eventually expected to replace SWIFT’s MT940 and MT942 messaging formats and possibly the BAI2 format.
“Companies are more than multinational, they are global,” says Philip Pettinato, Reval’s chief technology officer (CTO), when discussing the rationale behind the upgrade. “As companies enter new and emerging markets and work toward corporate growth mandates, treasuries need the operational foundation for cross-collaboration, better communication, and compliance with emerging regulatory requirements [this provides it].”
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