Treasury Management System from Salmon Software Selected by CSR
- TMS Salmon Treasurer helps Bluetooth leader manage foreign exchange and cash positions
London, Dublin; Tuesday, 10th April, 2012: CSR plc (LSE: CSR; NASDAQ: CSRE), the global provider of silicon and software solutions, has implemented Salmon Software’s Treasury Management System (TMS) following an international tender. CSR, which reported revenues of over US$800m in 2010, is a pioneer in the development of single-chip Bluetooth wireless silicon.
CSR is one of the foremost providers of wireless innovation in the world. Its wireless technologies, including, Bluetooth, FM, GPS, NFC and Wi-Fi, are used across a wide range of products in the mobile, consumer electronics, automotive, PC, health and home entertainment sectors.
“We are a truly global company and we required a Treasury Management System (TMS) that helps us manage, access and track our cross border transactions and cash positions effectively,” commented Mark Jennings, Treasurer, CSR. “Salmon Software was able to deliver and quickly implement world class TMS at a price that makes sense.”
Salmon Software’s flagship product, Salmon Treasurer manages all aspects of Treasury Management both locally and globally, many in real time and across a wide range of financial instruments. Salmon Software, which participates in the Association of Corporate Treasurers (ACT) Annual Conference in Liverpool on 16-8 April, brings a 25+ year track record in implementing cost effective global foreign exchange solutions.
“As one of the few remaining independent treasury management system companies in the world we are committed to delivering what is best for our customers, at the most cost effective price, and within a short timeframe,” commented John Byrne, CEO, Salmon Software, which is headquartered in Dublin, Ireland.
“Our investment in R&D and latest technology means we can deliver best in market TMS solutions faster and at keener prices.. We at Salmon are committed to technical excellence and customer satisfaction in the field of Treasury and Treasury Management Systems and Treasury Workstations.”
Salmon Software, which has specialised in treasury management solutions for almost three decades, works with international blue chip corporates including Airbus, DP World, Securitas and Fexco.
For Treasuries with significantly lower volumes, Salmon Software recently launched a cloud computing or Software-as-a-Service (SaaS) Treasury Management System product under the brand name TGold.
