Reval is pleased to announce that its Reval Cloud Platform for treasury and risk management has been adopted by CLP Holdings Limited (CLP), one of the largest investor-owned power businesses in Asia Pacific. The platform helps centralise control and reporting of cash, debt, risk and hedge accounting activities.
“We couldn’t be happier to have our system in place at CLP,” says Tony Singleton, Reval’s Managing Director in the APAC region. “The scalability of the Reval Cloud Platform can provide a sustainable way for CLP to support its expanding business.”
Companies throughout the Asia-Pacific region are using Reval to manage their cash and risk all in one secure system in the cloud. Increasingly, companies are adopting cloud technology to more easily scale their businesses, centralise control and become more resilient to market dynamics and new regulations. Reval clients in the region, for example, are beginning to early adopt IFRS 9 for hedge accounting.
Listed on the Hong Kong Stock Exchange, CLP operates a vertically-integrated electricity supply business in Hong Kong and holds investment in the energy sector in Mainland China, India, Southeast Asia, Taiwan and Australia.