Case Study: Pennon Group achieves treasury transformation and cash & risk visibility with Reval

Treasury Transformation through the Years at Pennon Group

Pennon Group, a FTSE 250 company that owns South West Water and Viridor with around £4.3 billion in assets and 4,500 employees, faced growing treasury challenges after the introduction of IAS 39. With circa £2 billion of largely floating-rate debt and a policy to fix at least half of net debt, Pennon relied on spreadsheets that made hedge accounting, risk visibility and cash management difficult as the business and accounting requirements became more complex.

Pennon selected Reval’s SaaS Treasury and Risk Management solution—including Project Hedge Accounting and cash and liquidity management—to centralize bank accounts, automate statement collection and manage hedges and exposures in one audited system. The implementation delivered a unified view of debt (hedged and unhedged), automated reporting, improved control and efficiency, and allowed the treasury team to focus on strategy rather than technology.

Pennon Group

Carolyn Maloney

Group Treasury Manager