Sydney, 17 September, 2013 – Reval, a leading global Software-as-a-Service (SaaS) provider of comprehensive and integrated Treasury and Risk Management
(TRM) solutions, announced today that ASX 50 company Insurance
Australia Group (IAG) has selected Reval to streamline treasury, risk
management and hedge accounting compliance.
“Selecting Reval’s proven treasury and risk management solution
provides us with immediate functionality enhancements and significant
scope for future services as we transition from our legacy system to the
Reval platform,” says Mark Gold, Deputy Group Treasurer of IAG. “We
believe we have the right tools and strategic partner in place to move
forward with confidence as we continue to build best practices in our
Group Treasury Unit.”
“Reval´s global expert team will assure a smooth transition and help
IAG’s Group Treasury to support the company´s ambitious growth plans
with solid risk management strategies,” says Tony Singleton, Managing
Director Asia Pacific at Reval. “Fast growing corporations such as IAG
like Reval´s SaaS TRM solution for its flexibility and scalability,
which makes it easy to accommodate regulatory change and align treasury
strategies with the organisation´s business strategy and risk appetite.”
Reval will replace IAG’s legacy treasury system and manual processes,
allowing the company to improve automation and optimise treasury &
accounting workflows, risk management, hedge accounting compliance and
About Insurance Australia Group
Australia Group Limited (IAG) is the parent company of a general
insurance group with controlled operations in Australia, New Zealand,
Thailand and Vietnam, employing around 13,500 people. Its current
businesses underwrite approaching $10 billion of premium per annum,
selling insurance under many leading brands including NRMA Insurance,
CGU, SGIO, SGIC and Swann (Australia); NZI, State and AMI (New Zealand);
Safety and NZI (Thailand); and AAA Assurance (Vietnam). IAG also has
interests in general insurance joint ventures in Malaysia, India and
China. For further information please visit www.iag.com.au.
For more information, visit www.reval.com or email email@example.com.
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