Salmon Software TMS boss warns on risks to corporate treasurers from spate of industry mergers and acquisitions

– Reduced competition will limit choice and push up costs. – Cloud treasury management TGold for European launch at EuroFinance, Rome. The spate of mergers and acquisitions in the international Treasury Management Systems (TMS) market is in danger of reducing choice and increasing cost for corporate treasurers, an industry boss has warned. John Byrne, managing

Editorial Team
September 21, 2011
2 minutes

Tagged under:
BankingTech
Cloud platforms

– Reduced competition will limit choice and push up costs.

– Cloud treasury management TGold for European launch at EuroFinance, Rome.

The spate of mergers and acquisitions in the international Treasury Management Systems (TMS) market is in danger of reducing choice and increasing cost for corporate treasurers, an industry boss has warned. John Byrne, managing director of Salmon Software said, “The trend is not helpful to corporate treasurers as there will be fewer providers to choose from and reduced competition will inevitably push up price.”

Salmon Software, which has specialised in treasury management solutions for 25 years, works with international blue chip corporates including Airbus, Securitas and Fexco. The company recently launched a TMS cloud computing or Software-as-a-Service (SaaS) product under the brand name TGold.

“There is a serious land grab going on in the TMS industry at the moment. Corporate treasurers are in danger of being force fed increasingly costly solutions from an oligopoly of suppliers,” said Mr Byrne.

He was speaking at the announcement that the company’s new cloud computing treasury management product, TGold will be formally launched in Europe at the EuroFinance “International Cash and Treasury Management Conference” in Rome on 12–14 October. TGold has also announced a partnership with ID Consulting in Prague to market TGold in Central and Eastern Europe (CEER) and Benelux. TGold SaaS TMS was formally introduced in the UK at the Association of Corporate Treasurers (ACT) Annual Conference in Liverpool in May.

“Now with Salmon Treasurer and our new cloud offering TGold we can automate treasury management and forex for companies of all sizes from two users to 200,” commented Adrian Costello, VP Global Sales, TGold.

TGold is a treasury management system that has been developed on the industry leading salesforce.com cloud platform. It allows businesses to automate, manage and increase the accuracy of its foreign exchange transactions by making payments in local and foreign currencies, book money market and FX trades, access management reports on currency positions and balances as well as providing an accurate audit trail of trades and payment instructions.