The international provider of low energy building solutions, Kingspan Group, has deployed Salmon’s Treasury Management System across its operations.
Following a competitive tender, Salmons TMS has allowed Kingspan to increase automation of its processes for electronic banking, cash management, account reconciliations and treasury payments. The implementation includes sophisticated inter-company position keeping and debt management.
“We operate manufacturing and distribution centres on a global basis across Europe, North America and the Far East, so a high quality Treasury Management System is essential to help us manage, access and track our cross border transactions and cash positions effectively,” said Kevin Deery, group treasurer, Kingspan Group.
“We selected Salmon Software following an international tender because of its track record, speed of deployment and ability to deliver at a sensible price,” said Deery.
Salmon Treasurer manages foreign exchange, money market, treasury and banking transactions. The system is designed to be easy to use and provides greater control via transaction tracking.
“We are one of the few remaining independent treasury management system companies in the world and we are committed to delivering what is best for our customers, at the most cost effective price within a short timeframe,” said John Byrne, CEO, Salmon Software.
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