Source: Reval
Reval, a global Software-as-a-Service (SaaS) provider of scalable and integrated Treasury and Risk Management (TRM) solutions, announced today that Snowy Hydro, one of Australia´s National Electricity Market's largest generators by capacity, has selected Reval to automate and integrate cash management, payments processing and hedge accounting in support of its growth strategy.
"Snowy Hydro was looking for a single SaaS platform to streamline treasury processes and control cash and risk on a group level," says Les Richardson, Treasurer at Snowy Hydro. "SaaS was a mandatory requirement for us, as it alleviates the dependency on internal IT resources and allows easy web access for corporate treasury and our regional operations teams."
"Growth is clearly driving treasury transformation as Snowy Hydro seeks to leverage and optimise the liquidity and risk management opportunities across the expanded enterprise," says Tony Singleton, Managing Director Asia Pacific at Reval. "We are delighted to welcome Snowy Hydro to our global client community. Their choice of Reval solidifies our position as the leading SaaS TRM provider in the Australian market."