Irish-owned Salmon Software has won a contract to implement a new treasury management system at Kelda Group, parent company of Yorkshire Water, which provides water and sewerage services to nearly five million people and 130,000 businesses.
According to Christopher Elliff, cash and banking manager, Kelda Group, the company wanted to replace an aging TMS to manage critical transactions across the business, including visibility of short term loans and deposits, long term debt and index linked derivatives and other instruments.
Following a pre-selection process the Kelda Group reviewed six TMS solutions. “We selected Salmon Software because they had the best package for our requirements combined with a competitive price,” said Elliff. “In addition, they could point to a track record of successful similar implementations in other firms.”
“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 John Byrne, CEO, Salmon Software.
Salmon Software’s other customers include Airbus, DP World, Securitas and Fexco.