Hong Kong, 18 June 2013 – Reval, a leading global Software-as-a-Service (SaaS) provider of comprehensive and integrated Treasury and Risk Management (TRM) solutions, announced today that SGX-listed Global Logistic Properties (GLP), the leading provider of modern logistics facilities in China, Japan and Brazil, has selected Reval to streamline processes and increase cash visibility across the enterprise.
“Given our scale and strong business growth we needed a global partner, which we found in Reval’s solid cash management capabilities and its expert team,” says Kazuhiro Tsutsumi, Managing Director, Global Treasurer and CFO Japan at GLP. “By leveraging SaaS technology, Reval’s TRM solution will be easy to roll out to our subsidiaries and facilitate global collaboration.”
“For companies like GLP, visibility of cash is critical. We are delighted to add this premier client to our community of treasury users in Asia Pacific,” says Tony Singleton, Managing Director APAC at Reval. “We worked closely with GLP to understand their processes and business goals, and to provide them with an integrated solution tailored to their needs as a growing, global organization.”
About Global Logistic Properties
Global Logistic Properties (“GLP”) is the leading provider of modern logistics facilities in China, Japan and Brazil. Our property portfolio of 21 million square meters (226 million square feet) is strategically located across 62 cities, forming an efficient logistics network serving 700 customers. We are dedicated to improving supply chain infrastructure for the world’s most dynamic manufacturers, retailers and third party logistics companies. Domestic consumption is a key driver of demand for GLP. The Group is listed on the Mainboard of Singapore Exchange Securities Trading Limited (SGX stock code: MC0.SI; Reuters ticker: GLPL.SI; Bloomberg ticker: GLP SP, Company registration number: 200715832Z). For more information, visit www.glprop.com.
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