London, 18 July 2012 – Reval announced today that Hitachi Capital (UK) PLC, a subsidiary of the Hitachi Group, listed on the TSE, has selected and successfully implemented Reval’s comprehensive Software-as-a-Service (SaaS) solution for integrated Treasury and Risk Management (TRM) to automate its treasury processes. By deploying Reval, Hitachi Capital UK was able to replace its incumbent installed Treasury Management System (TMS) with Reval’s all-in-one SaaS solution to gain significant improvement in the efficiency of processes and financial control over its treasury and risk positions.
“We are particularly pleased with our new hedge accounting set up,” says Jeremy Johnson, Group Treasurer of Hitachi Capital. “Processes that previously took a minimum of two days and with uncertain results can now be completed in less than an hour at period end and with near zero P&L volatility in the future.”
“We are pleased to add a premier client like Hitachi Capital to our ever growing treasury community”, says Peter Reynolds, Regional Vice President Sales of Reval. “We approach our solution development process with a consultative approach and worked closely with Hitachi Capital to understand their business challenges and goals. Specifically, we enabled them to consolidate a number of different systems and processes into one. A key consideration for success was a smooth and well supported deployment. I am very pleased that once again Reval delivered on time, on budget and more importantly, according to our client’s needs.”
About Hitachi Capital
Hitachi Capital (UK) PLC is a 100% subsidiary of Hitachi Capital Corp of Japan, quoted on the Tokyo stock exchange and 56% owned by the large multi-national heavy engineering, high technology and consumer electronics group Hitachi Ltd.
Hitachi Capital provides lease and invoice finance to businesses together with retail point of sale finance as well as vehicle fleet management and contract hire. Hitachi Capital in the UK additionally provides consumer loans through its internet based Savvi brand and specialist driver instructor vehicle contract hire through Hitachi Capital Driving Instructor Centre. For further information, please visit http://www.hitachicapital.co.uk (Hitachi Capital (UK) PLC) and http://www.hitachi-capital.co.jp/hcc/english/index.html (Hitachi Capital Corp).
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