Client Testimonials

“Obviously, when selecting a treasury system we were keen to ensure that it met our base functional requirements. An equally important consideration however was the level and depth of local support that the vendor could provide. I spoke with a number of other corporate treasuries in Victoria and I found that Visual Risk was consistently mentioned as a stand-out performer in terms of their staff knowledge and client support. We look forward to partnering with Visual Risk to successfully implement their treasury management solution.”

Nick Cimino Group Treasurer, Tatts Group Limited

“At Virgin Blue, efficient hedging of our jet fuel exposures is critical for maintaining our competitive position in the airline industry. With a strict timetable for delivery, in June 2007 we implemented Visual Risk in order to comply with AASB 139 for our jet fuel hedging program. I am happy to report that Visual Risk delivered a great solution both on time and within budget.”

Brendon McGuire – Treasury Manager, Virgin Blue Airlines

"As part of our recent process of implementing hedge accounting in line with AASB 139, we needed to implement a new software solution that would allow us to assess our interest rate swaps, apply hedge effectiveness testing and document them into AASB139 compliant hedge relationships.

We assessed the available software solutions and at the end of that process we selected Visual Risk as being the most appropriate system for Arab Bank Australia. I am happy to report that within one month of implementation we successfully completed our conversion to hedge accounting. The Visual Risk team brought an enormous amount of expertise to the table and most importantly, they were able to work closely with our auditors to ensure that the project was a success."

Bernard Buncle Chief Financial Officer, Arab Bank Australia

"I have watched the system develop substantially from a risk-focused solution to what is now a fully fledged front-to-back-office treasury solution. Visual Risk provides our treasury with an extensive suite of analytical tools. The system delivers a full suite of back-office functionality to capture, administer, settle and value all our outstanding loan facilities, cross currency swaps and hedge transactions. In addition, the hedge accounting functionality delivers complex testing, regression analysis and reporting we need for our external auditors as well as our internal accounts. We find the product is user friendly and the support from the Visual Risk team has been fantastic".

Dale Bridle Group Treasurer, Fairfax Media Limited

"We were looking for a system that could add real value as a strategic tool, not simply a back office record-keeping offering, Visual Risk addresses that need. The willingness of the vendor to listen specifically to our requirements is refreshing and the continual enhancement a feature".

Darren Murphy Group Treasurer, Computershare Limited

"Visual Risk has allowed QR to successfully integrate the front and back office functions into a single, seamless treasury system. The approach taken by Visual Risk has been instrumental to the success of the system implementation for QR. Subsequently, Visual Risk and QR have developed a strong relationship based on continuous improvement to the system and our processes".

Shane Whimp Manager Financial Markets, Queensland Rail

"The Visual Risk software proved to be very adept in allowing us to evaluate a range of hedge effectiveness tests and ultimately decide on an optimal methodology for eliminating potential profit and loss volatility. Moreover, the software greatly automated the process of producing hedge documentation and calculating AASB139 related accounting entries. This has dramatically reduced our administrative burden..."

Greg Plamondon Financial Controller, Cochlear Limited

"With the arrival of IAS39... allocating hedges to exposures was simple and intuitive. Our auditors and accounting department were... pleased by the detailed documentation produced by Visual Risk including testing results and accounting entries. The system is able to simplify and solve some of the more complex hedge accounting problems that other software providers have failed to do".

Alastair White Treasury Manager, Mighty River Power

"…we needed an integrated system that would manage our entire treasury operations including back-office processing, hedge accounting and front-office analytics. Since implementing the Visual Risk software we are now able to efficiently run our back-office operations and easily compile our monthly treasury reporting. In my view, Visual Risk provides important functionality that other systems lack, giving it a distinct edge over alternative treasury solutions".

Vincent Chin Head of Treasury, Goodman Group

The decision to implement Visual Risk was initially made in order to achieve several key benefits, most notably:

1) To provide management with a means of preparing risk management reports;

2) To support the creation of an in-house risk management function;

3) To enable the efficient calculation of Value-at-Risk; and

4) To provide "what if" analysis for ALCO and senior management.

I believe Visual Risk has delivered on these key benefits."

Dean Morris, Manager Financial Development, MyState Financial Credit Union

"The Visual Risk software is user-friendly and the ‘graphical’ nature of its output ensures that reports can be quickly collated and easily understood. Critically, the software and the support services provided by Visual Risk have allowed Victoria Teachers’ Credit Union to confidently take control of the ALM process".

Elsbeth Torelli Manager Finance & Administration, Victoria Teachers Credit Union

"Other (ALM) systems we looked at were too complex and required specialist staff to use. The Visual Risk system can be up and running within half a day and fully functional within a few days. Moreover, the system requires little on-going maintenance and it can be used to quickly produce comprehensive and easily understood management reports".

David Cantwell CEO, Anglican Financial Services (ANFIN)

"I've found Visual Risk to be a highly cost-effective risk management tool compared to any other systems available in the market. Its flexibility allows me to easily up-load existing data and produce high quality management reports. The Visual Risk team has always impressed me with their willingness to modify the system to my requirements. Despite my remote location this has not been an impediment to Visual Risk delivering an exceptionally high level of support".

Shane Templar Manager Group Assets, The Banksia Financial Group

"Using their proprietary software and its ability to present information in easily digestible graphical charts, Visual Risk was able to give our Board members a unique and fresh perspective on OCU’s interest rate risk. I feel that the training provided by Visual Risk allowed our Board to gain a much better understanding of how interest rate risk affects the Credit Union’s performance and most importantly how the current interest rate environment is impacting us."

Gavin Cook Corporate Services Manager, Orange Credit Union

“Envestra has in place a cross currency swap supporting a USD fixed debt issuance that we had entered into a number of years ago. Recently, we were met with the challenge of remaining compliant with IAS 39 when we rolled over a partial term hedge associated with that structure. Thankfully, we were able to work in partnership with both Visual Risk and our audit advisory firm to devise a satisfactory solution that eliminated most of the potential P&L impact associated with this event.”

Paul May Financial Controller, Envestra Limited