Reval reveals new v16.1 TRM update

The updated Software-as-a-Service (SaaS) Reval v16.1 cloud TRM solution is intended to help treasuries more easily automate their treasury and risk management activities, reporting capabilities and analytics.

It comes with a new capability to import payments in Bacs Standard 18 format in the UK, for example, which should help treasuries save time and IT resource when processing high volume, low value payments in the country.

Corporate treasuries should also benefit from a variety of new risk analytics designed to quantify the impact of market events on cash flows. With EUR, GBP and JPY currencies having exhibited negative interest rates, version 16.1 adds new trade types to the platform’s risk modelling capabilities for negative interest rates.

In anticipation of rising interest rates in the US, Reval has additionally enhanced its debt accounting. Version 16.1 now comes with effective yield enhancements and integration of ‘other comprehensive income’ (OCI) statement releases from hedges of anticipated debt issuances with effective yield accretion.

Visualization is aided by enhanced activity views that should help corporate treasurers bring the ‘big picture’ into focus for colleagues and the boardroom when big funding decisions have to be made. Users can visualize aggregated cash positions over the long-term by month and quarter, or now in the short term with daily views. This functionality is accessible all in one screen, using simple drop down menus. Version 16.1 also increases the flexibility and scalability of its web-based custom report designer and query builder tools, claims Reval, which says that over a dozen enhancements have been made using feedback from the Reval client community.

Reval was recently taken over by ION Investment Group, which already owns Wall Street Systems and IT2.

Dismissing any fears about on-going support and innovation, Reval chief technology officer (CTO), Phil Pettinato, said: “Reval’s commitment to client success is for the long-term, and that can only mean good things for the entire community of users on our SaaS platform, who benefit from all updates automatically.”

The updated product was unveiled at the 2016 Association for Financial Professionals’ (AFP) Annual Conference in Orlando, US, which GTNews is in-situ at all this week, providing news, opinion and all the latest information from thousands of high level senior corporate treasurers. Attendees can see the refreshed TRM at stand number 815.

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