Genesis Energy Chooses Reval for Treasury and Risk Management (TRM)

Strengthening Workflow and Control across Cash, Risk, Hedge Accounting

Sydney – Reval, a leading global Software-as-a-Service (SaaS) provider of comprehensive and integrated Treasury and Risk Management (TRM) solutions, announced today that Genesis Energy, a leading New Zealand-owned energy company, has selected Reval to further strengthen controls in cash forecasting, risk management, hedge accounting and operational workflows.

“Reval´s SaaS TRM solution is comprehensive and provides us with a way to standardize our workflow across the enterprise," says Dan Dillane, Head of Capital Markets at Genesis Energy. “Reval combines cash forecasting, risk management and hedge accounting in a single solution that´s easy to roll out and update to new regulatory requirements such as IFRS 13 and IFRS 9.”

“Today, innovative companies such as Genesis Energy look for strategic partners to automate and evolve their treasury function," says Tony Singleton, Managing Director Asia Pacific at Reval. “They are looking for vendors who can provide in-depth knowledge spanning cash, liquidity, risk, derivatives, and hedge accounting as well as robust capabilities across these areas on a single solution. We are happy to be that provider for Genesis Energy."