Cigna and eBay Win Adam Smith Awards Using the Reval Cloud Platform

London, 25 June, 2015 – At a ceremony here this month, Reval accepted awards alongside clients Cigna and eBay, which were highly commended for Harnessing the Power of Technology and Best Risk Management Solution, respectively. For Reval, recognition with Treasury Today magazine's Adam Smith Awards follows a win earlier this year for Best Corporate Risk Management Solution in Global Finance magazine's 2015 Best Treasury and Cash Management Providers awards.

"Cigna is honored to have received the Adam Smith technology award for our global transformation project," says Scott Lambert, Treasury Senior Director in Cigna's Treasury Department, which is using capabilities from across the full spectrum of treasury and risk management functionality on the Reval Cloud Platform. "We wanted to leverage software-as-a-service technology as much as possible to more easily standardize everyone on the same platform, share data, and achieve visibility and control. When we looked to automate a standard process for cash forecasting, we felt the dynamic cash flow forecasting capabilities enabled us to save time and lower idle cash." eBay’s collaboration
with Reval helped shape the industry’s best practice
for EMIR
compliance. “The
sheer volume of trades and the related details that needed to be reported would
have made gathering the necessary information a daunting task,“ says Debdatta
Banerjee, Senior Manager of eBay’s Treasury Operations and Controls. “If we had
not leveraged the
exchange capabilities
already had in place with Reval, the task would have been insurmountable. We
are happy that the industry recognizes our accomplishments and that other companies
will benefit from the EMIR capabilities we developed with Reval.”

professionals can read more details about the award-winning projects in
Treasury Today’s upcoming Adam Smith Award Yearbook, which will be published
mid-July. According to Treasury Today, 210 entries were received from companies
of various sizes and industries across 23 countries. Judges sought companies
demonstrating innovation, creativity, outstanding insight, thinking 'outside
the box' and real business impact.

“We are
thrilled for Cigna and eBay and appreciate the acknowledgement of their work to
advance the industry,” says Reval´s Chief Marketing Officer and EVP of
Corporate Strategy Justin Brimfield. “Reval remains dedicated to helping corporate
treasuries tackle their challenges, especially as it benefits the entire
community of users on the Reval Cloud Platform.”

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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