Corporate Finance, DeFi, Blockchain, Web3 News
Corporate Finance, DeFi, Blockchain News

Landsvirkjun Chooses Reval to Automate Treasury Management

Iceland’s Largest Electricity Generator to Manage Cash, Financial Risk and Reporting under IFRS.


Landsvirkjun, Iceland’s largest electricity generator and one of Europe’s leading renewable energy companies, has chosen the cloud-based power of Reval for automating treasury and financial risk management. The company will create a common cloud platform for managing cash positions and exposures across asset classes, including foreign exchange, interest rates and commodities.

“We wanted a ‘one-stop shop’ that could support all of our business requirements and allow us to respond easily to changes in the market,” explains Kristjan Gunnarsson, Treasurer at Landsvirkjun. “But it was also important for us to find a long-term partner, capable of supporting the business both now and into the future. We found that Reval provided both the solution and the expertise we were looking for in a provider.”

Landsvirkjun is using Reval to gain a clear picture of cash management, hedging and funding for better decision-making. The energy company will be using Reval for cash management, cash flow forecasting and reporting under IFRS, including CVA/DVA reporting for FX, IR and commodities.

“Landsvirkjun is a great addition to Reval’s client community,” says Mark Johnson, Managing Director for Reval in the EMEA region. “They are a model Nordic client for other treasury teams in the region considering cloud-based technology for their end-to-end treasury and risk management processes.”

Landsvirkjun, the National Power Company of Iceland, is owned by the Icelandic state and is the country’s largest electricity generator. The company generates around 70% of all electricity used in Iceland and offers electricity from 100% renewable energy sources.

reval.com

Les médias du groupe Finyear

Lisez gratuitement :

FINYEAR

Le quotidien Finyear :
- Finyear Quotidien

Sa newsletter quotidienne :
- Finyear Newsletter
Recevez chaque matin par mail la newsletter Finyear, une sélection quotidienne des meilleures infos et expertises en Finance innovation & Digital transformation.

Ses 5 lettres mensuelles digitales :
- Le Directeur Financier
- Le Trésorier
- Le Credit Manager
- The Chief FinTech Officer
- The Chief Digital Officer

Finyear magazine trimestriel digital :
- Finyear Magazine

Un seul formulaire d'abonnement pour choisir de recevoir un ou plusieurs médias Finyear

BLOCKCHAIN DAILY NEWS

Le quotidien Blockchain Daily News :
- Blockchain Daily News

Sa newsletter quotidienne :
- Blockchain Daily News Newsletter
Recevez chaque matin par mail la newsletter Blockchain daily News, une sélection quotidienne des meilleures infos et expertises en Blockchain révolution.

Sa lettre mensuelle digitale :
- The Chief Blockchain Officer

Vendredi 9 Décembre 2016




OFFRES D'EMPLOI


OFFRES DE STAGES


NOMINATIONS


DERNIERES ACTUALITES


POPULAIRES