Carphone Warehouse Selects Reval and Ends Manual Processes

Barcelona, 17 October 2013 – Reval, a leading global Software-as-a-Service (SaaS) provider of comprehensive and integrated Treasury and Risk Management
(TRM) solutions, announced today at EuroFinance´s International Cash
and Treasury Management conference (Reval stand L31/33) that Carphone
Warehouse, the largest independent mobile phone retailer in the UK and
Europe, has selected Reval to achieve operational excellence in cash,
liquidity and risk management and free time for strategic analysis.

“Today, our small treasury team is still manually gathering and
consolidating financial data from disparate systems, whilst we already
need advanced analysis and reports,” says Neil King, Group Treasurer at
Carphone Warehouse. “By automating our daily workflows, Reval´s SaaS TRM
solution will provide us with time and tools to improve strategic

“Treasurers are starting to realise that there is a disconnect
between what they are doing on a daily basis and what they really should
be doing,” says Peter Reynolds, Regional Vice President Western Europe
at Reval. “We are happy that Carphone Warehouse´s treasury has chosen
Reval’s SaaS TRM solution to enable them to transform from a manual,
operational function to one that is lean, strategic and adds value to
the business.”

About Carphone Warehouse
Carphone Warehouse is
the largest independent telecommunications retailer in Europe, operating
c.2,000 stores in eight European countries, principally under the
Carphone Warehouse and Phone House brands, together with a
well-developed online proposition. It specialises in mobile handsets,
tablets and other connected devices, combining hardware with connections
to service providers to create subsidised propositions. The business
has highly-trained consultants who provide specialist and independent
advice in areas of product and service complexity, and offers ongoing
customer support beyond the point of sale, including a comprehensive
range of insurance and technical support services. More recently it has
launched Connected World Services, which aims to leverage specialist
skills, operating processes and technology of the business to provide
services to third parties looking to develop their own connected world

About Reval

Reval is a global SaaS provider for Treasury and Risk Management, helping enterprises better manage cash, liquidity and financial risk, and account for and report on complex financial instruments and hedging activities.

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