Jaguar Land Rover Wins Award for Risk Management Using Reval

London – 4 August 2016Jaguar Land Rover, one of the greatest success stories of British manufacturing and the UK's largest automotive business, was highly commended for Best Risk Management Solution using the Reval Cloud Platform, in Treasury Today magazine's Adam Smith Awards 2016. Jaguar Land Rover's project is profiled in the recently published "Adam Smith Awards 2016 Yearbook," which features winners of the award programme.

Jaguar Land Rover was recognised for its model migration project, moving its large foreign exchange hedging portfolio and its commodity hedging programme off legacy systems and spreadsheets to the cloud. "Working with Reval, we delivered a robust solution and migrated our entire FX and commodity book within the target five-month timeframe," says Duncan Karran, Assistant Treasurer at Jaguar Land Rover.

According to Treasury Today, the team at Jaguar Land Rover set out to improve controls with automated processes in the cloud, while gaining sophisticated and flexible effectiveness testing, analysis and regulatory reporting capabilities. The technology project "…was governed by a cross functional Jaguar Land Rover steering committee led by treasury, which set an ambitious target to complete such a major systems project within five months," award organisers reported.

"Jaguar Land Rover is a fantastic example of a treasury team that saw an opportunity to push its treasury risk management process beyond the status quo, aligning the organisation and executing against a common vision," says Reval CEO and Co-founder Jiro Okochi. "We are honored to be the platform underlying the firm's move toward best-in-class risk management and pleased that we could partner with the Jaguar Land Rover team to help them achieve their vision with such an aggressive timeline."

For more information about the Reval Cloud Platform, visit www.reval.com or contact info@reval.com.

 

About Reval

Reval is the leading, global provider of a scalable cloud platform for Treasury and Risk Management (TRM). Our cloud-based offerings enable enterprises to better manage cash, liquidity and financial risk, and to account for and report on complex financial instruments and hedging activities. The scope and timeliness of the data and analytics we provide allow chief financial officers, treasurers and finance managers to operate more confidently in an increasingly complex and volatile global business environment. With offerings built on the Reval Cloud Platform companies can optimize treasury and risk management activities across the enterprise for greater operational efficiency, security, control and compliance. Founded in 1999, Reval is headquartered in New York with regional centers across North America, EMEA and Asia Pacific.

For more information, visit www.reval.com or email info@reval.com.

Note to editors: Trademarks and registered trademarks remain the property of their respective owners.