LONDON & DUBLIN--(BUSINESS WIRE)--Kingspan Group plc (KSP:ISE), the leading international provider of low energy building solutions, has implemented Salmon Software’s Treasury Management System (TMS) following an international tender. Kingspan, is a global leader in high performance insulation and building envelope solutions.
“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 (TMS) is essential to help us manage, access and track our cross border transactions and cash positions effectively,” commented Kevin Deery, Group Treasurer, Kingspan Group.
Following the implementation of Salmon Treasurer Kingspan has increased automation of its processes in relation to electronic banking, cash management, account reconciliations and treasury payments. The implementation includes sophisticated inter company position keeping and debt management.
“We selected Salmon Software following an international tender because of its track record, speed of deployment and ability to deliver at a sensible price,” added Mr Deery.
Salmon Software’s (www.salmonsoftware.com) TMS flagship product, 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,” commented John Byrne, CEO, Salmon Software, which is headquartered in Dublin, Ireland.
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. Salmon Treasurer can now be deployed as an on premise or cloud computing TMS solution.