2019 Irish Enterprise Awards

26 EU BUSINESS NEWS / 2019 Irish Enterprise Awards , Salmon Software Limited Best Treasury Management System & Solutions Provider 2019: Salmon Software Limited Jan19481 Salmon Software Limited is a FinTech company developing specialised treasurymanagement software aimed at corporate treasurers in companies of all sizes. As part of our overview of a selection of the winners from this year’s Irish Enterprise Awards we profile the firm to find out more. Since the firm’s inception in 1985, Salmon Software has flourished, and over the past three decades this innovative company has worked hard to create solu- tions that meet its clients’ ever evolving needs. As part of this focus, through- out the firm’s life its Treasury Management System (Salmon Treasurer TMS), its flagship product, has evolved to reflect the technological innovation and increasingly complex global financial systems that have paralleled the company’s 30-year history, making it one of the most sophisticated treasury tools in the world. This achievement is due to the expertise and dedication of a highly skilled, multi-disciplined development and support team who focus on producing a world-class product. The firm’s ongoing commitment to R&D and innovation has resulted in the development of a range of new cloud and SaaS products. Headquartered in Dublin, today Salmon Software successfully serves global markets from international offices in Dublin, London, sales offices in Brazil and Australia and a customer service centre in Olomouc in the Czech Republic. Each and every one of the firm’s systems is designed to record and manage a variety of instru- ments traded on the world’s fi- nancial markets including money markets, foreign exchange, debt and derivatives, credit facilities, trade finance etc. The firm is also able to integrate its systems with all market providers such as rates vendors like Bloomberg, all major banking systems, all confirmation matching systems and all ERP systems. This enables Salmon Software to offer sophisticated real time information, much of it in the form of interactive dash- boards. This facilitates faster and better decision making about the use of corporate funds and significant reduction in the potential for fraud. Thanks to this innovative array of solutions and services, Salmon Software has gained an impressive portfolio of clients over the years, including global giants such as Fidelity, Securitas, Saint-Gobain, DP World as well as international blue-chip Irish market leaders including CRH, Ryanair, Greencore, Fexco and many others. Unique to the market, Salmon Software is the only independent treasury management Software provider with over 30 years’ development in a single system. Treasury management is a highly specialised financial discipline and requires a deep knowledge of the complex financial instru- ments and practices used by the world’s major corporates. Looking to the future, Salmon Software will continue to develop unique systems and enhance its already impressive solutions offering, with a new range of modules due to be released later this year. These include sophis- ticated interactive and dynamic dashboards of the global financial data that is collected by Salmon Treasurer from a variety of disparate systems all around the globe. These dashboards will incorpo- rate the firm’s Big Data module and the combination of these two technologies, enable corporate treasurers through the Salmon Treasurer application to have real time graphs and pictures of their data which facilitates better decision making and reduction in their exposure to fraud. On the regulatory side, LIBOR, following the rate rigging scandals, is being discarded in favour of a new benchmark rate, SONIA (Sterling Overnight Interbank Average Rate). This will have a very significant impact on new loans and existing loans benchmarked against LIBOR, and as such Salmon Software will be seeking to enhance its offering even further to ensure it adapts around this development and others it is seeing in the market such as PSD2. Ultimately, Salmon Software’s mission is to become the world’s leading provider of treasury management systems, and this will remain as the firm’s ongoing focus as it then looks towards an exciting future that is filled with endless possibilities. Contact Details Company: Salmon Software Limited | Contact: John Byrne Website: www.salmonsoftware.ie