Treasury Tools

a provider of derivatives risk management and hedge accounting software, says the latest release of its software-as-a-service solution, Reval 10.1, provides customers with new tools and modules that let them streamline the financial risk management process. The Cash Flow at Risk module helps companies decide what, how and when to hedge by looking at future cash flow scenarios for various asset classes, including interest rates, FX and commodities, Reval says, while the new Exposure Management module helps companies use fewer external trades to manage a large portfolio. Reval also says that with Reval 10.1, it has completed the integration of its platform with that of FXall, an electronic foreign exchange portal, so that FX trades executed on FXall will automatically flow into Reval's valuation and hedge accounting engines.

Feeling a little more cautious about your company's short-term investments? Institutional Cash Distributors (ICD), a money fund portal, has launched an application that lets companies assess the risk exposures of the institutional money market funds and separate accounts in which they invest. Transparency Plus, which is available free of charge to organizations that invest via ICD's portal, provides data on the underlying positions and counterparty exposure of more than 95% of the 200 funds available on ICD's platform, giving companies more information with which to make investment decisions. The information about the funds is updated bi-monthly.

BNY Mellon is also providing organizations that use its cash investment portal, Liquidity Direct, with more information on their short-term investments. BNY's new Transparency Report tells investors the individual securities they hold in the various money market funds and accounts they invest in, according to the bank. BNY Mellon currently provides data on 10 of the 37 fund families whose products can be accessed on the portal, but it says it expects that number to increase going forward. The information is updated monthly, the bank says.

BMO Financial Group, the Canadian parent of Harris Bank, says it is launching a treasury management platform, Online Banking for Business, that will give business banking customers a view of their financial information and banking services, as well the ability to deal with cash management and foreign exchange transactions online. Customers will have a single screen, or dashboard, that they can customize. Companies can use BMO Online Banking to manage investments, loans, trade finance and corporate card transactions. BMO says the platform will be available to Harris customers in 2011.

ADP, the payroll processing company, has enhanced its Taxware Enterprise System with the company's Data Editor. The Taxware Enterprise System helps companies deal with sales, use and value-added taxes, and the Data Editor provides a greater number of domestic and international transaction types, which means customers have less need to develop custom code, according to the company. ADP offers both hosted and on-premise versions of the Taxware Enterprise System.

Fidelity ActionsXchange, a unit of Fidelity Investments, says it has rolled out an enhanced version of its corporate actions reporting platform, ActionService. The new version, Issuer Source, captures the information about corporate actions, such as stock splits and dividends, from sources closer to the original issuer, such as the Securities and Exchange Commission's Edgar system and stock exchanges, Fidelity says, enabling Issuer Source's subscribers to make investment decisions on a more timely basis.


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