ROME--(BUSINESS WIRE)--Reval (www.reval.com), the global provider of a single Software-as-a-Service (SaaS) solution for enterprise treasury and risk management, announced today from EuroFinance’s International Cash and Treasury Management Conference in Rome that it has partnered with Fides Treasury Services Ltd., the world’s largest Multibanking Service Bureau for Corporates.
Part of Reval’s STP Community, the Fides partnership makes it easy and cost-effective for companies to connect with any bank without leaving the Reval environment, enhancing the straight-through processing experience for clients on Reval’s new version 11.1 single SaaS solution for enterprise treasury and risk management. Conference attendees can visit Reval at booth number L46.
“We’re thrilled to have Fides as a member our STP Community, where the ‘Service’ in our Software-as-a-Service is at work for our clients,” says Jim Gilbert, Reval Vice President, Strategic Alliances. “Through our STP community, we proactively establish the connections for our corporate clients that make their lives easier and their workflow more efficient. With Fides, clients can stay in the Reval system, access their bank balances and statements, and avoid the cost and the hassle of connecting to multiple bank interfaces independently.”
“The partnership with Reval is once more a perfect match to deliver simple and integrated ‘true global multibanking,’” says Fides CEO Dennis Flad. “Corporate clients can access all of their banks globally through one channel, in one format, following one security policy. We are proud to be a part of the service Reval offers companies through its innovative single SaaS solution for enterprise treasury and risk management.”
Through the Fides partnership, clients can eliminate the time, energy and expense of dealing with multiple vendor and bank relationships to connect their treasury management system with their financial institutions. Clients receive support from the initiation of the bank mandate process through to the testing and configuration of each bank connection. Fides’ unique status as a SWIFT Member Concentrator provides SWIFT connectivity to even those corporates without a SWIFT BIC code.
Reval extends the straight-through processing workflow of its integrated enterprise treasury and risk management SaaS to external systems to provide a seamless user experience for clients. In addition to bank connectivity services through Fides, Reval’s STP Community integrates FX trading, market data service delivering over 680 curves spanning all asset classes, and a certified SAP Service module.
For more information on the full features and benefits of Reval version 11.1, please contact info@reval.com or visit www.reval.com.
About Reval
Reval is a global provider of an all-in-one Software-as-a-Service solution for enterprise treasury and risk management. Its award-winning SaaS delivers deep and broad visibility into cash, liquidity and risk for finance, treasury and accounting groups, worldwide. With Reval’s integrated, straight-through processing workflow of front-to-back office functions, companies can optimize operational efficiency, security, control and compliance across the enterprise. Reval’s unique combination of deep domain expertise and comprehensive functionality provides companies with the means to compete confidently in a complex and dynamic market environment. Founded in 1999, Reval is headquartered in New York with regional centers across North America, EMEA and Asia Pacific. For more information, please visit www.reval.com.
About Fides
With over 320 Corporate clients, Fides is pioneering in global Multibanking Service Bureaus market since 1985. This includes traditional SWIFT Service Bureau services. Fides leveraging multiple networks and multiple formats to connect with over 1600 banks worldwide. Through its own platforms Fides delivers its processing services embedded in a broad range of validation, risk management, repairing, enrichment and hosting services supported by a Business Operations Team. Founded in 1910 as an accounting and consulting company - which was later a founding member of KPMG - Fides is focused on the Multibanking Services for Corporates today. The company belongs to the Credit Suisse Group AG and is based in Zurich, Switzerland. For more information, please visit www.fides.ch.
Other suggested links: twitter.com/revalacctg4risk