Reval Says Straight-Through Processing Tops Agenda for Australian Treasurers

Sydney, 28 November, 2012 – Corporate treasurers in Sydney and Melbourne say they are optimizing their operations toward a more evolved treasury organization, dubbed Treasury 3.0, according to a recent poll of 100 treasury and finance professionals by Reval, a leading, global provider of comprehensive and integrated Software-as-a-Service (SaaS) solutions for Treasury and Risk Management (TRM).

“The strategic priorities for many Australian treasuries seem to be centralizing information and automating workflows,” explains Tony Singleton, Reval Managing Direction, APAC. “This makes sense as we see treasury playing a more strategic role in organizations globally. With straight-through processing of operations, treasuries are able to spend less time on day-to-day, tactical activities and more time on liquidity and risk management to support strategic decision making.”

Fifty-eight percent of the executives Reval polled indicated that their treasury is either planning a project or executing on a project to evolve the treasury function into one that is strategic and closely integrated with all business units. Such an evolved treasury has been called Treasury 3.0., a term first introduced by global consulting firm Treasury Strategies, which further characterized an evolved treasury as a company’s financial nerve center.

“In order to function strategically as the company’s nerve center for financial information, treasuries must be able to achieve straight-through processing, enabling total visibility of enterprise-wide cash and dynamically managing all financial risks,” Singleton says.

About Reval

Reval is a global SaaS provider for Treasury and Risk Management, helping enterprises better manage cash, liquidity and financial risk, and account for and report on complex financial instruments and hedging activities.

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