CAE purchased its previous treasury management system several years ago. As the company and its treasury operations evolved, the system had become less suitable. "We knew it was time to either upgrade or switch to a new system all together," said Jacques Ferraro, CAE's Assistant Treasurer.
The company didn't have to look any farther than Selkirk Financial Technologies. Ferraro had used Selkirk's Treasury Manager(r) in a previous job and knew it could offer the comprehensive functionality CAE needed. "It was clear in my mind that it was a good tool."
Selkirk's attractive pricing was another key factor in CAE's decision to switch, as well as a strong reputation in the industry. "Selkirk has a good base of customers," said Ferraro. "Because the system is so widely used, we were confident that the support would be there."
CAE joins a growing list of organizations, including Sun Life Financial US and The Relizon Company, that have switched to Selkirk since the company launched its competitive switch campaign in December of last year.
Lyndon Harvey, Senior Vice-President Global Sales and Services at Selkirk, expects the trend to continue. "Every company has unique reasons for switching, but ultimately their reasons for choosing Selkirk are the same: sophisticated, cost-effective solutions backed by exceptional services and an industry track record that is second to none."