Parkdale Mills Picks Selkirk Financial Technologies

Feb 13, 2003 - Parkdale Mills, the world's largest independent producer of cotton and cotton blend yarns, has picked Selkirk Financial Technologies, to improve the effectiveness of its treasury operations.

Parkdale's treasury-specific objectives are to decrease the time dedicated to gathering, manipulating and distributing data, while increasing the quality and availability of financial management information. Selkirk meets the textile giant's requirements with Treasury Manager®, an industry-leading treasury management solution that maximizes the effectiveness of internal processes, external systems and treasury staff.

"Parkdale has long known the value of technology in a competitive marketplace and has already automated much of its manufacturing operations," notes Parkdale's treasurer Patrick Murphy. "With Selkirk's Treasury Manager, our treasury operations can now also reap the benefits of automation."

Selkirk won the prestigious contract against another vendor-a win Murphy attributes largely to Treasury Manager's comprehensive functionality and Selkirk's implementation track record. "Our implementation plans are aggressive," admits Murphy. "From their RFP response and on-site demonstration through to contract negotiations, Selkirk showed us they have the expertise and the drive to make what we want happen."

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