Case Study: Petrofac transforms treasury operations with Reval TMS

Petrofac transforms treasury across 2 pain points with Reval

Petrofac, an energy company, faced significant challenges in its treasury operations, relying on inefficient manual processes like PDFs and Excel spreadsheets. To transform its treasury function, Petrofac partnered with Reval, a treasury management system (TMS) from ION Treasury, seeking to modernize its approach and address key pain points.

By implementing Reval TMS, Petrofac was able to radically pivot its treasury operations, embracing opportunities for Robotic Process Automation (RPA). The solution positioned the company to reshape and disrupt critical processes, specifically bank account management and the trade confirmation process beyond FX. As a result of working with Reval, Petrofac's treasury organization is now among the world's elite, setting and defining new benchmarks across the industry.

Petrofac