New York, December 7, 2010 – In 2010, Reval’s software-as-a-service (SaaS) solution for financial risk management was recognized with several treasury industry awards for best practice use and innovation. In addition, Reval (www.reval.com) continued to rank as a strong fiscal leader in its market.
Awards received this year include Treasury Management International (TMI) magazine’s Innovation & Excellence in Treasury Management, Treasury & Risk magazine’s Alexander Hamilton Awards, Treasury Today magazine’s Adam Smith Award, and Deloitte’s 2010 Technology Fast 500™. In addition, Reval CEO and Co-founder Jiro Okochi was voted finalist for the Ernst & Young Entrepreneur of the Year® 2010 Metro New York award.
“Such recognition is a testament to our team, which continues to deliver financial risk management solutions that enable treasurers to serve as strategic partners in their respective businesses,” Okochi says. “We came into existence over a decade ago specifically for this purpose and are delighted to have the industry itself benchmark our progress in fulfilling this mission.”
Reval provides a single version of its SaaS/Web-based solution to over 400 public companies globally. In its polling of treasury professionals in the North America, EMEA and APAC regions, Treasury Management International’s readers voted Reval Best Hedge Accounting Solution in this year’s TMI Awards for Innovation and Excellence, which recognizes suppliers that readers say have the best understanding of the challenges faced in global treasury. Reval has now been awarded this honor for four years in a row.
For best practices in financial risk management using Reval, Visa, Inc. won Treasury & Risk magazine’s Alexander Hamilton Award, which recognizes excellence in treasury and finance at the nation’s top companies and multinationals. “No more spreadsheets or manual processes…In their place we’re leveraging value-added processes like stress-testing and scenario analysis,” says Visa Senior Business Leader in Treasury Alan Weindorf of the winning foreign exchange risk management program in an interview with Treasury & Risk. Weindorf explains that Reval replaced segregated systems and outsourced functions for a value-added, streamlined solution.
Also highlighting best practice achievements by companies using Reval is CITIC Pacific’s high commendation in Treasury Today magazine’s Adam Smith Award. The company’s strategic use of Reval Center™ placed in the award’s Outstanding Insourcing/Outsourcing category. “This is a one-stop-shop solution fulfilling virtually all of CITIC Pacific’s requirements in financial instrument valuation and hedge accounting,” says CITIC Pacific General Manager of Treasury Risk Management Bernard Kwan “This enables us to approach our derivatives portfolio management with greater control, speed and ease.”
Reval was also recognized for its strong leadership and growth in 2010. CEO and Co-founder Jiro Okochi was voted finalist by a panel of independent judges for the Ernst & Young Entrepreneur of the Year® 2010 Metro New York award. This recognition is given to entrepreneurs who demonstrate extraordinary success in the areas of innovation, financial performance and personal commitment to their businesses and communities. Since Okochi co-founded Reval in 1999, he has led the company through major market downturns, producing year-over-year growth, innovating new solutions and giving back to communities in need. Under his leadership, the company also made Deloitte’s Technology Fast 500™ for a third time since 2007. This year, Reval ranked 263, based on percentage of fiscal year revenue growth during the period from 2005–2009.
As used in this document, “Deloitte” means Deloitte LLP. Please see www.deloitte.com/us/about for a detailed description of the legal structure of Deloitte LLP and its subsidiaries.
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