Reval’s consultants specialize in understanding your specific business needs and translating them into an effective deployment of Reval. Every implementation is delivered by a team of experts who specialize in hedge accounting, risk management, derivative valuations, and technology. Our consultants work closely with your project team to deliver against our proven implementation methodology.
In addition to our team of business and technical consultants, Reval is committed to proactive communication and transparency with your project team. Project managers are accountable and responsible for the success of each project and are well versed in Reval’s methodology of deploying our Software-as-a-Service.
Our Professional Services team has built a reputation of delivering projects on time and on budget. The team’s objective is steadfast: accurately and efficiently deliver the benefits of Reval in a manner that strives for high quality and high customer satisfaction.
We have designed a collaborative eight-step process to reach that objective:
- Conduct client business process review.
Reval analyzes the client’s derivative transaction flow, internal controls, segregation of duties, portfolio structure, month-end financial reporting process, and other items relevant to the selected Reval functionalities.
- Gather functional requirements.
Reval reviews the specific requirements for each client business unit using the Reval SaaS platform and analyzes the data needs of each.
- Validate proof of concept.
Reval models sample trades provided by the client and validates the results of the mark-to-markets and hedge effectiveness, if warranted, using Reval market data.
- Conduct user training.
Reval employs a train-the-trainer approach, working with the client to identify key client personnel who will eventually become internal experts on how to use Reval’s SaaS Web-based platform. This initial training focuses on empowering users to begin using the application, building skills daily through lecture and hands-on usage.
- Reconcile final data input.
Reval assists the client with the upload of the remaining portion of the client’s transaction data and with the reconciliation of all mark-to-markets for loaded transactions.
- Configure operational workflow.
Reval assists the client with defining and documenting the desired workflow of its users working within Reval’s SaaS platform. Also, we review the operational effectiveness of any Straight-Through Processing of data from Reval to a client or third-party system.
- Run month-end processing in tandem.
Reval readies new clients preparing to “go live” with Reval’s SaaS platform by running parallel with them, then comparing results.
After successfully completing these seven major steps, only one remains:
- Go live.
Once clients reach this stage, the implementation of Reval successfully concludes. But clients move to a new dimension of Reval client services. Our Client Solutions team, backed by a Reval relationship manager, who now acts as a client advocate within Reval’s global organization, joins forces to provide ongoing support.
Learn more about Reval’s system integration process >>
