LONDON--(BUSINESS WIRE)--L&Q (www.lqgroup.org.uk), a social enterprise and one of the largest providers of affordable housing in the UK, has implemented a new Treasury Management System (TMS) from Salmon Software (www.salmonsoftware.com). L&Q owns or manages over 70,000 homes in London and the South East of England with an estimated open market value of £12.7 billion.
The new TMS, Salmon Treasurer, replaces a legacy system following an extensive and detailed procurement process that considered a number of TMS suppliers.
“With a fast changing business model it is vital for us to manage and have instant management information and visibility on our banking, cash, treasury and debt positions,” commented Martin Watts, Head of Treasury. “Salmon Treasurer scores highly on its ability to handle complex instruments, support stakeholder needs and is price competitive.”
“Salmon Treasurer, compared favourably, on its scalability and ease of implementation,” added Anu Mensah, Treasury Manager of L&Q. “Salmon was able to tailor the system to our particular needs. We found that working with a motivated and dedicated team a particular benefit in terms of flexibility and ability to move quickly.”
“L&Q is one of an increasing number of international customers who are finding the benefits of dealing with an independent provider which specialises in Treasury Management Systems,” commented John Byrne, CEO, Salmon Software. “We are increasingly winning international business not only because of our price, flexibility and service but our ability to provide much needed TMS functionality that others cannot match.”
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.