Treasury Management Internation Logo

New Reval Cloud Platform 16.0 Announced

  • Oracle and SWIFT Join Reval’s STP Community of Partners

New York – Corporate treasuries have more connectivity options for their growing operations, using new version 16.0 of the Reval Cloud Platform for treasury and risk management (TRM). The first of two annual releases, 16.0 introduces new straight-through processing capabilities, leveraging Reval’s recent partnerships with Oracle and SWIFT.

“Corporate treasuries want to automate as much of their cash, payments, risk and reporting functions as they can, but they want to do it all in one secure system in the cloud, creating a globally connected organization that can scale,” says Phil Pettinato, Reval’s Chief Technology Officer. “This is a prerequisite to visibility; with a true picture of their cash positions and exposures, treasuries will have the information they need to create cost efficiencies, run analytics, and make strategic decisions.”

New version 16.0 provides direct integration with Oracle Cloud general ledger, enabling clients to seamlessly generate Oracle GL entries from the Reval Cloud Platform. Oracle customers can also access the Reval Cloud Platform through the Oracle Cloud Marketplace, where Reval represents the only treasury and risk management application.

The upgrade to 16.0 also introduces Reval’s Bank Connectivity Service (BCS) for both large and mid-size companies operating in various markets around the world. Reval’s BCS will match bank connectivity options to a company’s profile for cost, speed, volume, transaction types and file formats. The service offers comprehensive access to critical banking functions, such as payment processing, payment confirmation, bank statement retrieval and conversion, transactional investigation, bank setup and monitoring, and sanction checking and filtering.

The bank connectivity options new in 16.0 include EBICS, Europe’s standardized transmission protocol, and the SWIFT network’s Alliance Lite 2. These options add to the BCS coverage already available through NTT DATA and the Fides service bureau. Using NTT DATA’s gateway service, Reval clients benefit from a unified bank connectivity experience when managing domestic and foreign funds across multiple banks, locations and currencies, in and out of Japan. Clients can also use Fides for global multi-banking connectivity, including its mid-market offering configured for Reval CORE clients.

Among its many new and enhanced capabilities, 16.0 allows clients to flexibly account for combined issuance costs and premiums/discounts for loan and investment trades that contain accretion-changing lifecycle events, supporting compliance with U.S. and international GAAP. Early adopters of IFRS 9 who are hedge accounting with cross currency swaps may now optionally treat currency basis as a cost of hedging. Reval’s ongoing development of its IFRS 9 module is built in conjunction with and well received among Big 4 accounting firms, especially in the Asia-Pacific region, where early adoption is underway.

Most recent episodes

HSBC’s Sibos Spotlight: Investing in the Future – from Diversity to Green Deposits

In the final instalment of HSBC’s Sibos Spotlight, Eleanor Hill (TMI) invites Nadine Lagarmitte and Suraj Kalati (HSBC) to consider how corporates’ attitudes to...


HSBC’s Sibos Spotlight: The ESG Landscape – what every treasurer needs to know

In the third edition of HSBC’s Sibos Spotlight Podcast series, TMI’s Eleanor Hill invites Farnam Bidgoli (HSBC) to provide an in-depth overview of the current ESG...


The Path to Transformational Global Cash Visibility

Davina Bradley (CEVA Logistics) and Conor Deegan (CashAnalytics) join TMI’s Eleanor Hill to explore how treasurers can transform their cash visibility and forecasting within their business in a matter of weeks using a...


HSBC’s Sibos Spotlight: Embedding ESG in Trade and Supply Chains

In the second podcast from HSBC’s Sibos Spotlight series, TMI’s Eleanor Hill speaks to Surath Sengupta (HSBC) about embedding ESG into trade and supply chains....


Lost in Transaction: Overcoming Payments Pitfalls

From simple errors to duplicates, fraud and sanctions violations, there are a number of areas where payments can go wrong – especially in the real-time environment. In this podcast, TMI speaks to Andrew Ferrao...


HSBC's Sibos Spotlight: Central Bank Digital Currencies

The first edition of HSBC’s Sibos Spotlight series sees TMI’s Eleanor Hill joined by Mark Williamson and James Pomeroy (HSBC) to discuss the hot topic of Central Bank Digital Currencies (CBDCs). Our guests discuss...


Payments Vision 2025: The Inside Track

Wim Grosemans, Steven Lenaerts (BNP Paribas) and Wim Raymaekers (SWIFT) join TMI’s Eleanor Hill to outline their vision for the payments landscape in 2025. Our guests consider how recent developments such as instant...


Stepping Out from the Shadows

“Treasurers needs to step out of the shadows and into the sunshine in terms of their strategic contribution.” claims Zitah McMillan, Co-Founder and CEO, Predictive Black. In this podcast, hosted by TMI’s Eleanor Hill, our guest declares that the...


Why the ‘One Size Fits All’ Approach is Outdated - A Cash Segmentation Treasury Masterclass

With the ongoing low interest-rate environment and increasing regulatory change, it’s more important than ever for treasurers...


Instant Payments: Instant Rewards

TMI’s Eleanor Hill sits down in the virtual TreasuryCast studio with J.P. Morgan’s Global Head of Real-Time Payments, Cyrus Bhathawalla, to discuss how treasurers can capitalise on the evolving nature of real-time payments. Our guest contemplates the elements...