Dublin software company Salmon Software has scored a major deal with Kelda Group, owner of Yorkshire Water, to deploy a new treasury management system.
Yorkshire Water provides water and sewage services to nearly 5m people and 130,000 businesses.
Following a pre-selection process, the Kelda Group reviewed six TMS (treasury management system) solutions in depth.
“We wanted to replace an ageing TMS to manage critical transactions across the business,” said Christopher Elliff, cash and banking manager, Kelda Group. “This included visibility of short-term loans and deposits, long-term debt plus index-linked derivatives and other instruments.
“We selected Salmon Software because they had the best package for our requirements combined with a competitive price. In addition, they could point to a track record of successful similar implementations in other firms,” Elliff added.
Salmon Treasurer is aimed at corporate treasurers to manage treasury, debt and derivatives, cash management, electronic payments, money markets, foreign exchange, banking transactions and other related corporate treasury activities.
Salmon Treasurer can be deployed as an on-premises or cloud computing TMS, treasury workstation solution.
The company has specialised in TMS for almost three decades, supporting companies such as Airbus, Securitas and Fexco.
“Kelda is one of an increasing number of large companies discovering the value of dealing with an independent TMS firm which has invested continuously over three decades in a single TMS solution,” said Salmon’s CEO John Byrne.
Water supply image via Shutterstock