Reval Enters Japan to Aid Multinational Corporate Treasuries In Achieving Sustainable Growth
November 03, 2014 (PRLEAP.COM) Technology NewsNew York – November 3, 2014 – Reval, a global technology leader in Software-as-a-Service (SaaS) for Treasury and Risk Management (TRM), announced today that it has expanded its operations into Japan to locally service the growing treasury needs of Japanese corporations. Reval, which has more than 600 clients representing some of the world's largest brands across 25 countries, has recently opened its office in Tokyo.
"The significant M&A activity by Japanese companies over these past few years has left corporate treasury functions with considerable post-merger integration challenges," says Reval Asia Pacific Managing Director Tony Singleton. "As Japanese corporations continue to expand their operations offshore, they need a common technology platform to deliver global visibility of their cash balances, and consequently improve liquidity management and intercompany lending."
Multinational corporations in Japan continued to increase the number of overseas affiliates by 21% from the previous year, and overseas capital investment marked a record high, according to the Ministry of Economy, Trade and Industry's July 2013 Basic Survey on Overseas Business Activities.
"We are very excited to be in Japan, which is an important market that is poised for treasury transformation," says Reval Chief Executive Officer and Co-founder Jiro Okochi. "Our Software-as-a-Service offering is the unifying platform that will benefit many Japanese corporations that have become decentralized overnight through increased global expansion."
For more information about Reval in Japan, contact email@example.com.
Reval is a leading, global Software-as-a-Service (SaaS) provider of comprehensive and integrated Treasury and Risk Management (TRM) solutions. Our cloud-based software and related offerings enable enterprises to better manage cash, liquidity and financial risk, and includes specialized capabilities to account for and report on complex financial instruments and hedging activities. The scope and timeliness of the data and analytics we provide allow chief financial officers, treasurers and finance managers to operate more confidently in an increasingly complex and volatile global business environment. Using Reval, companies can optimize treasury and risk management activities across the enterprise for greater operational efficiency, security, control and compliance. Founded in 1999, Reval is headquartered in New York with regional centers across North America, EMEA and Asia Pacific.