Automated treasury system (TMS) to streamline global reporting across 50 countries
Global child rights organisation Plan International, has signed a contract with Salmon Software for the installation of its Treasury Management System (TMS), Salmon Treasurer. Plan selected The Salmon Treasurer following an international tender designed to automate its global treasury management facilities.
The goal of Plan International, which worked with 78 million children last year in 50 developing countries across Africa, Asia and the Americas, is to promote child rights and lift millions of children out of poverty.
“As part of this work we have to manage many different currencies. We needed to streamline treasury management and reporting,” said Annemarie Moore, Group Treasurer, Plan International Inc.
Plan had been using spreadsheets to manage its cash, foreign exchange and branch funding.
“We asked for expressions of interest from 19 companies. Following detailed questionnaires and demonstrations from five shortlisted companies we selected Salmon Software. Our selection team was made up of treasury, accounting and IT. We had unanimous agreement on Salmon because of its cost, functionality, flexibility and ease of use,” added Annemarie.
“The Salmon team has been very helpful during the implementation starting with automated reporting. The expectation is that it is fully compatible with our 360T Trading Networks. In addition, it is integrated with our SAP Financial ERP system,” she added.
“Plan International raised almost €700m across multiple currencies last year and does fantastic work on behalf of child poverty,” added John Byrne, CEO, Salmon Software, which is headquartered in Dublin, Ireland. “It was a privilege to be able to help them streamline their reporting, foreign exchange, money market and cash management.”
The Salmon Treasurer is aimed at corporate treasurers to manage debt, foreign exchange, money market, treasury, banking transactions and many other related corporate treasury activities.
Independent Salmon Software, has specialised in treasury management solutions for almost three decades. Salmon Treasurer can now be deployed as an on premise or cloud computing TMS solution.