New York, November 28, 2007 – Reval, a global leader in financial risk management solutions and services, announced today that it was recognized with an Alexander Hamilton Award at the 12th annual Treasury & Risk Magazine awards ceremony. Reval was awarded the Bronze award for Treasury Tool of the Year. Reval was the only vendor to win in this inaugural category with its flagship HedgeRx®, product. The annual Alexander Hamilton Awards celebrate excellence in treasury and financial management.
Since Reval’s founding in 1999, the financial software provider has been recognized for its leadership in helping corporations remain compliant with the growing complexities of accounting regulations affecting derivatives. Reval’s HedgeRx product delivers two major application releases each calendar year. This month the company has released Reval’s new FAS 157 module. Additionally, in 2007 Reval added support for the Canadian CICA 3865 hedge accounting standard.
"This category was the most competitive with all vendors vying for the prize, so it is extremely satisfying to receive this award" said Jiro Okochi, Reval’s CEO.
"I believe we were recognized as we help companies solve very complex and expensive problems with a heavy focus towards depth and expertise in client support through our Software as a Service delivery platform," continued Okochi.
Reval’s HedgeRx derivative solution, and derivative valuation service, Reval Center™, address the complex business, valuation, and accounting requirements for derivative management for interest rates, foreign exchange and commodities. Reval’s products and services help companies implement better approaches to effectiveness testing under stringent accounting rules such as FAS 133 and IAS 39, providing better control of operational risk, and helping to avoid financial restatements and other regulatory pitfalls. The easy-to-deploy hedge accounting system is a professionally hosted application delivered over the Internet with cutting-edge security, strict controls and a SAS 70 Type II certification. Organizations including Commerzbank, Deloitte & Touche LLP, General Motors, GlaxoSmithKline, the government of Canada, National Grid, Qantas, and many more have used Reval’s solutions to hedge foreign exchange, interest rate, energy and commodity risks while complying with today’s FAS 133 and IAS 39 requirements.
About Treasury & Risk
Treasury & Risk, a unit of Wick’s Business Information, LLC established the Alexander Hamilton Awards in 1996 to celebrate excellence in treasury and financial management. A complete list of the 12th annual Alexander Hamilton Awards for Excellence winners can be found at www.treasuryandrisk.com.
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