|By Business Wire||
|February 10, 2014 05:24 AM EST||
Arqiva, the communications infrastructure and media services company, has implemented a Treasury Management System (TMS) from Salmon Software following an international tender. Arqiva (www.arqiva.com), which has revenues in excess of £800m and employs over 2,000 people, provides a large part of the infrastructure behind television, radio, satellite and wireless communications in the UK.
The decision to contract with Salmon Software (www.salmonsoftware.com) was taken in anticipation of Arqiva’s £5 billion refinancing successfully completed in February 2013. “It was clear that the scale and complexity of our refinancing would introduce a material increase in debt, cash and derivative transactional volumes,” commented Tony Winterbourn, Deputy Treasurer, Arqiva.
“The investment in Salmon, allowed us to house our financing transactions in one secure area, providing greater transparency and a significantly enhanced reporting solution to both internal and external stakeholders. The automated processes utilised within Salmon also enabled us to minimise the investment required in headcount whilst catering for a near ten-fold increase in transactional volumes.”
Arqiva selected Salmon Treasurer following an intensive tender process involving nine international TMS providers which included numerous site visits to the shortlisted vendors’ customers.
“Salmon Software won due to its flexibility, cost and delivery team,” commented Tony Winterbourn. “The Windows compatibility and organised database structure of the platform was a key strength and should allow us to implement future changes in house. We were impressed that the Salmon presentation team were also the people who managed the implementation to its successful conclusion including the development of bespoke inflation derivative functionality. The TMS project was delivered on time and on budget.”
“Many of our competitors have grown by acquisition and so have problems integrating legacy products which means their customers often end up bearing the cost of this,” commented John Byrne, CEO, Salmon Software. “Arqiva is one of an increasing number of global companies discovering the value of dealing with an independent TMS firm which has invested continuously over three decades in a single TMS solution.”
The Salmon Treasurer is aimed at corporate treasurers to manage debt and derivatives, cash management, electronic payments, money markets, foreign exchange, treasury, banking transactions and many other related corporate treasury activities.
I'm a lonely sensor. I spend all day telling the world how I'm feeling, but none of the other sensors seem to care. I want to be connected. I want to build relationships with other sensors to be more useful for my human. I want my human to understand that when my friends next door are too hot for a while, I'll soon be flaming. And when all my friends go outside without me, I may be left behind. Don't just log my data; use the relationship graph. In his session at @ThingsExpo, Ryan Boyd, Engi...
Sep. 30, 2016 04:45 AM EDT Reads: 1,401
As ridesharing competitors and enhanced services increase, notable changes are occurring in the transportation model. Despite the cost-effective means and flexibility of ridesharing, both drivers and users will need to be aware of the connected environment and how it will impact the ridesharing experience. In his session at @ThingsExpo, Timothy Evavold, Executive Director Automotive at Covisint, will discuss key challenges and solutions to powering a ride sharing and/or multimodal model in the a...
Sep. 30, 2016 04:45 AM EDT Reads: 658
Internet of @ThingsExpo, taking place November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA, is co-located with the 19th International Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world and ThingsExpo Silicon Valley Call for Papers is now open.
Sep. 30, 2016 04:45 AM EDT Reads: 4,714
SYS-CON Events announced today that Pulzze Systems will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Pulzze Systems, Inc. provides infrastructure products for the Internet of Things to enable any connected device and system to carry out matched operations without programming. For more information, visit http://www.pulzzesystems.com.
Sep. 30, 2016 04:30 AM EDT Reads: 1,921
Sep. 30, 2016 04:00 AM EDT Reads: 4,881
Sep. 30, 2016 03:45 AM EDT Reads: 2,236
Sep. 30, 2016 03:45 AM EDT Reads: 3,067
Sep. 30, 2016 03:15 AM EDT Reads: 1,748
Sep. 30, 2016 03:00 AM EDT Reads: 1,934
Sep. 30, 2016 03:00 AM EDT Reads: 1,625
Sep. 30, 2016 02:45 AM EDT Reads: 2,432
Sep. 30, 2016 02:15 AM EDT Reads: 1,638
Sep. 30, 2016 02:00 AM EDT Reads: 1,389
Sep. 30, 2016 02:00 AM EDT Reads: 2,083
Sep. 30, 2016 01:45 AM EDT Reads: 2,192