amnis offers a solution to process one-time and recurring payments via local and cross-border payment rails at minimum cost, ensuring suppliers receive their full due amounts. The solution includes multipay and file upload features, simplifying mass payments.
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Reval
Score 9.0 out of 10
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Reval is a treasury and risk management platform allowing users to manage cash, liquidity and financial risk. Developed by the company Reval, the software and company were acquired by ION in 2016.
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Pricing
amnis
Reval
Editions & Modules
No answers on this topic
No answers on this topic
Offerings
Pricing Offerings
amnis
Reval
Free Trial
Yes
No
Free/Freemium Version
No
No
Premium Consulting/Integration Services
No
No
Entry-level Setup Fee
No setup fee
No setup fee
Additional Details
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More Pricing Information
Community Pulse
amnis
Reval
Features
amnis
Reval
Treasury Management
Comparison of Treasury Management features of Product A and Product B
amnis is well-suited for companies that have any kind of global involvement: As soon as you deal with more than one currency, amnis can really help you organise your finances and decrease associated costs, which come with traditional banks. For instance, with amnis I am able to pay US companies as if I had a bank account in the United States. The same is true for many other regions. I finally don't have to use the SWIFT network anymore. Recently, I have started using their multi-currency debit cards. The card directly books the right currency (no forced currency conversions). amnis is likely not well-suited for companies that operate only locally in their own currency.
Reval is suited to a large number of transactions across a disaggregated business. It may not be well suited where especially complex derivatives and highly stylized reporting are required.
It’s relatively easy to use but has a certain learning curve. I recommend new users to first of all cover the basics before going into more advanced tools such as currency hedging.
They are usually prompt and reliable. Occasionally, we have time difference issues as support is often offshore some local staff turnover since ION acquired Reval, but this has been managed.
PayPal is a great wallet, but unfortunately, the high costs didn't make sense to me. It also didn't really solve my forced currency conversion problem, as PayPal doesn't allow you to send foreign currencies to your bank. amnis is the better solution for these purposes. I've heard, amnis can also be used to circumvent PayPal's currency conversion, which would be great for companies, who are dependent on PayPal.
GTreasury acquired Visual Risk (which was an alternative product), but we preferred Reval for processing grunt (albeit GTreasury/Visual risk had an easier user interface). Have used Sungard/Quantum previously, however, I haven't looked at it recently.
