Richmond Software Press Release

Richmond Software Limited, the treasury solutions supplier, has started its new fiscal year with a batch of sales. Kevin Grant, Director of New Business Development, says: “I was naturally pleased to report to the Richmond Board that our business has surged forward again. We enjoyed very satisfactory growth in 2003-04, and our performance this year is well ahead of my expectations.”

Richmond’s recently signed new clients include:

· AFG Arbonia-Forster-Group
· Harman International
· Harsco Investments
· Kesa Electricals
· Metzeler Automotive Profile Systems
· Mitchells & Butlers

Richmond has seen new business driven by the special demands of hedge accounting and Sarbanes-Oxley Act compliance, and has found a sharp increase in clients for Richmond’s ASP offering, TreasuryPortal. The ASP solution is attracting increasingly large and sophisticated client treasuries, as this emerging market sees Richmond’s unique delivery of client-specific solutions on their ASP platform as a technology outsource; it offers secure and fully flexible solutions, as opposed to the traditional subscription based homogenous models.

Existing clients have also contributed to Richmond’s growth, enhancing the scope and global reach of their implemented solutions, and taking advantage of powerful new hedge accounting and STP functionality. Much of this activity has stemmed from Richmond’s 2004 emphasis on Customer Relationship Management, through the company’s proactive efforts to help clients maximise the value of their treasury technology investment.

“We are seen as market leaders in several critical fields, such as supplying hedge accounting solutions, ASP provision and client service delivery,” explains Grant. “This is evidenced by our consistent and increasing wins in the TMI (Treasury Management International) annual awards, in which treasurers themselves vote for the best of breed suppliers in key sectors of our market. We will continue to build Richmond Software as a supplier of treasury, cash and risk management solutions for the global treasury marketplace.”

Become a bobsguide member to access the following

1. Unrestricted access to bobsguide
2. Send a proposal request
3. Insights delivered daily to your inbox
4. Career development