| By Business Wire |
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| January 3, 2013 05:21 AM EST |
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Treasury Management System (TMS) specialist Salmon Software (www.salmonsoftware.ie)
has signed its first Czech Republic customer, NET4GAS. This follows the
opening of Salmon Software’s a new CEE (Central & Eastern Europe) office
in Olomouc, Moravia last year.
NET4GAS (www.net4gaz.cz)
is an exclusive gas Transmission System Operator (TSO) licence
holder that transports natural gas in the Czech Republic using a
pipeline network of over 3,600 kilometres. NET4GAS, which employs over
500 people, transports 40 billion m3 of natural gas annually
(of which roughly 25 % is for domestic consumption).
“We needed a cost effective and easy to use treasury management system
to manage our foreign exchange, money market, treasury and banking
transactions,” commented Mrs Jana Brejlová, Manager Finance at NET4GAS.
“We celebrated our 40th anniversary last year and Salmon has
been in the business for almost 30 years, so we were buying a solution
with a proven track record which has been implemented by leading
international companies like Airbus, Ryanair and others.”
“There has been huge European interest in our Treasury Management System
solutions since we formally opened in Central and Eastern Europe,“
commented John Byrne, CEO, Salmon Software, which is headquartered in
Dublin, Ireland. “Moravia is an ideal base right in the heart of Europe
to serve what we see as a growing market for our automated treasury
solutions for corporate treasurers and finance directors.”
He added, “We are one of the last remaining independent treasury
management system companies in the world and we are committed to
delivering what is best for customers like NET4GAS, at the most cost
effective price within a short timeframe.”
Salmon Software’s (http://www.salmonsoftware.ie/)
TMS flagship product, Salmon Treasurer manages foreign exchange, money
market, treasury and banking transactions. It maintains and monitors in
real-time a company’s positions, accounts, cashbooks and cash flow
forecasts. The system is designed to be easy to use and provides greater
control via transaction tracking.
For treasuries with lower volumes, Salmon Software recently launched
T-Series – a suite of cloud computing or Software-as-a-Service (SaaS)
Treasury Management System products.
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