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Dunedin City Treasury Ltd. Selects Reval® |
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2010/6/21 |
Distinguished New Zealand Treasury to Use Reval for Treasury Management
Reval announced today that Dunedin City Treasury, Ltd. has selected Reval’s Software-as-a-Service (SaaS) Web-based solution to manage the treasury function of the Dunedin City Council Group.
“Reval enables us to perform and record all our treasury tasks with one system,” says DCT Chief Executive John Knight. “We needed a system that allowed us to record investments and borrowings both short-term and long-term as well as one that enabled effectiveness testing and reporting for IAS 39 and IFRS 7. After evaluating many treasury systems, we chose Reval because of its robust performance and its proven use by a large community of reputable clients.”
Reval’s SaaS solution is used by over 400 multi-national organizations across the globe. It addresses the complex risk, valuation, and accounting requirements for management of interest rates, foreign exchange and commodities in front, middle and back offices.
“Dunedin City Treasury is a small, but sophisticated, treasury group that understands the importance of investing in treasury best practices using proven Web-based technology,” says Tony Singleton, Managing Director of Asia-Pacific at Reval. “We are delighted to have another New Zealand organisation join our prominent global community of users.”
About Dunedin City Treasury Ltd.
Dunedin City Treasury Limited provides the Dunedin City Council group with funding and financial services, and manages the investment of Dunedin City Council's Waipori Fund. For more information, visit www.dunedin.govt.nz/your-council/dchl/dunedin-city-treasury-ltd
About Reval
Reval® provides financial and accounting professionals with an award-winning Web-based platform that supports derivative risk management and hedge accounting. This Software-as-a-Service addresses the need for derivatives to comply with international regulations, such as FAS 133, FAS 157, Sarbanes-Oxley, IAS 39 and IFRS 7. The world’s leading corporations, financial institutions, and accounting and advisory firms rely on Reval to provide independent valuations of derivative transactions and to assist with the hedge accounting of foreign exchange, interest rates, energy, credit, commodities, and other asset classes. Reval uses its expert teams comprising financial engineers, accounting professionals, and technologists to deliver its critically acclaimed services and products, which integrate easily with treasury management and ERP systems and deploy rapidly. Founded in 1999, Reval has headquarters in New York and regional centers based in Bala Cynwyd, Chicago, San Francisco, Toronto, London, Frankfurt, Sydney, Hong Kong, and Gurgaon.
News Source: Business Wire
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Contacts |
Contact : Zoe Sochor
Company : Dunedin City Treasury Ltd.
Country : Australia
Telephone : 1-860-799-7076
Email : zoe.sochor@reval.com
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