|By Business Wire||
|June 10, 2014 05:05 AM EDT||
The Kelda Group (www.keldagroup.com), whose main subsidiary is Yorkshire Water, has signed a contract for the implementation of a new Treasury Management System (TMS) from Salmon Software (www.salmonsoftware.com). Yorkshire Water provides water and sewerage services to nearly 5 million people and 130,000 businesses.
“We wanted to replace an aging TMS to manage critical transactions across the business,” commented Christopher Elliff, Cash & Banking Manager, Kelda Group. “This included visibility of short term loans and deposits, long term debt plus index linked derivatives and other instruments.”
Following a pre-selection process the Kelda Group reviewed six TMS solutions in depth. “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,” said Mr Elliff.
“As Kelda Group found in its detailed review, we provide world class treasury management systems at an affordable price,” commented John Byrne, CEO, Salmon Software. “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.”
Salmon Treasurer is aimed at corporate treasurers to manage debt and derivatives, cash management, electronic payments, money markets, foreign exchange, treasury, banking transactions and many other related corporate treasury activities. Salmon Treasurer can now be deployed as an on premises or cloud computing TMS, treasury workstation solution.
Independent Salmon Software (www.salmonsoftware.com), which has specialised in treasury management solutions for almost three decades, works with international blue chip corporates including Airbus, DP World, Securitas and Fexco.