Sydney, 18th December 2013 – Reval, a leading global Software-as-a-Service (SaaS) provider of comprehensive and integrated Treasury and Risk Management (TRM) solutions, announced today that Genesis Energy, a leading New Zealand-owned energy company, has selected Reval to further strengthen controls in cash forecasting, risk management, hedge accounting and operational workflows.
“Reval´s SaaS TRM solution is comprehensive and provides us with a way to standardize our workflow across the enterprise,” says Dan Dillane, Head of Capital Markets at Genesis Energy. “Reval combines cash forecasting, risk management and hedge accounting in a single solution that´s easy to roll out and update to new regulatory requirements such as IFRS 13 and IFRS 9.”
“Today, innovative companies such as Genesis Energy look for strategic partners to automate and evolve their treasury function,” says Tony Singleton, Managing Director Asia Pacific at Reval. “They are looking for vendors who can provide in-depth knowledge spanning cash, liquidity, risk, derivatives, and hedge accounting as well as robust capabilities across these areas on a single solution. We are happy to be that provider for Genesis Energy.”
About Genesis Energy
Formed in April 1999, Genesis Energy is a state-owned New Zealand enterprise with a diverse electricity generation portfolio. Genesis Energy supplies 19 per cent of New Zealand’s electricity from its thermal and renewable power stations. It is also a significant energy retailer supplying electricity, natural gas and LPG to more than 669,100 customers across the country. For more information, visit www.genesisenergy.co.nz