Reval, a global leader in financial risk management and hedge accounting solutions and services, today announced a partnership with locally-based Moeller & Schlett GmbH, a leading consultancy with deep relationships in corporate treasury throughout Germany, Austria, Switzerland and Eastern Europe.
The partnership complements Reval’s continued growth strategy for international markets, engaging the company with regional firms to provide holistic solutions through a combination of local knowledge and Reval’s award-winning technology and services. With the increased focus on risk management in today’s volatile market, this partnership provides the large number of global companies in Germany, Austria and Switzerland with a solution to address the complexities of their hedge accounting requirements.
Moeller & Schlett will assist Reval with business development and lead generation activities through its extensive network of corporate treasury professionals. With over 15 years experience with treasury management software, Moeller & Schlett provides treasury IT implementation services to corporations on time, on budget and according to corporate requirements. Within IT-reviRiskews, the consultancy also offers optimization of existing treasury operations.
“Moeller & Schlett understands the importance of regulatory compliance around hedge accounting,” said Justin Brimfield, senior vice president of Business Development at Reval. “This, combined with their experience in the treasury technology space and their ability to communicate the need for process and how automation can help companies maintain consistent hedge accounting processes, is a perfect match for Reval.”
”Moeller & Schlett are excited to be a part of Reval´s success story in German-speaking Europe,” said Rudolf Schlett, co-founder and managing director at Moeller & Schlett. “Reval’s ‘Best of Breed’ IFRS and IAS solutions and ‘Software-as-a Service (SaaS)’ model are fundamental to their success and will provide complete core treasury management functionality for corporations.”
Reval’s range of Web-based solutions can be rapidly deployed and are used by over 200 multi-national organizations across the globe to address the complex business, valuation, and accounting requirements for derivative management for interest rates, foreign exchange and commodities for the front, middle and back office. Reval’s products and services help companies implement better approaches to effectiveness testing under stringent accounting rules such as FAS 133, IAS 39 and CICA 3865, providing better control of operational risk, and helping to avoid financial restatements and other regulatory pitfalls. The easy-to-deploy Software-as-a-Service has cutting-edge security, stringent controls and a SAS 70 Type II certification.