Reval a worthy contender
Rating: 9 out of 10
July 03, 2020
Vetted Review
Verified User
8 years of experience
It's being used within our Group HQ for treasury and within various local and offshore subsidiaries. It automates a large number of daily, weekly, and other ad hoc processes for treasury, provides a detailed sub-ledger for all treasury transactions, and facilitates posting to general ledgers including IFRS hedge accounting requirements and end-to-end management of key financial risks such as cash flow, funding and liquidity, foreign exchange, and interest rate risk. It also has integrated payment functionality via SWIFT for settlements, and we are in the process of implementing automated FX transaction confirmation. There is substantial other functionality that we have not yet chosen to activate.
- Automates liquidity management via bank account interfaces across a large number of global bank accounts
- Enables decentralized access and management at, local, regional, and global levels
- End-to-end tracking, reporting, accounting, and settlement of all derivative and financial trades.
Cons
- The user interface is not as fresh or pretty as some competitors, but is nonetheless very functional.
- Advanced report-writing likewise is not as simple as some competitors, however once set up, reports are usually easy to modify.
- Excellent ROI in terms of being able to scale volume and complexity without adding headcount
- Excellent ROI in terms of automation
- Much more timely and effective management of key financial risks facing the business