Reval, a global leader in derivative risk management and hedge accounting solutions and services, today announced a partnership with Equaris, an independent consultancy providing risk management advisory to some of the largest banks, financial institutions and corporations in the Netherlands.
The partnership will leverage Equaris' knowledge of the market to deliver Reval's IAS 39 solutions.
"Reval's subject matter expertise covers the complexities and nuances of the ever-changing world of IAS 39 compliance. Equaris chose to partner with Reval because its solutions constantly remain ahead of the curve and the breadth of its offering spans across all asset classes," said Jan Bart van Roon, Partner at Equaris.
"This partnership complements Reval's European growth strategy of engaging with local firms and leveraging their extensive networks and regional expertise to deliver Reval's award-winning solutions to new markets," said Nigel Sirett, Managing Director, EMEA at Reval. "Through the union of our best-of-breed solution and their local domain expertise, Reval and Equaris will provide superior levels of treasury excellence in the Netherlands."
Reval's Web-based solutions can be rapidly deployed and are used by over 350 multi-national organizations across the globe. They address the complex business, valuation, and accounting requirements for derivative management of interest rates, foreign exchange and commodities in front, middle and back offices. Reval's products and services help companies implement better approaches to effectiveness testing under stringent accounting rules such as IAS 39 and IFRS 7. With Reval, companies can gain better control of operational risk and avoid financial restatements and other regulatory pitfalls. Reval's easy-to-deploy Software-as-a-Service has cutting edge security, stringent controls and a SAS 70 Type II certification.