Case Study: Dechra centralises cash and transforms global treasury reporting with Salmon Software

Designing a Robust and Scalable Treasury Policy for an International Business

Dechra Pharmaceuticals turned to Salmon Software as its global business grew rapidly, expanding from 16 to 36 business units and creating major treasury complexity. With no formal treasury operations, no intercompany netting system, no cash pooling, and a growing number of bank accounts, Dechra needed better control over cash, FX exposure, intercompany lending, and reporting across multiple currencies and jurisdictions.

Salmon Software implemented Salmon Treasurer, including a cash management and intercompany module, to centralise reporting, merge bank ZBA and netting activity, and automate interest, tax, and FX calculations. Working closely with Salmon Software over nine months, Dechra gained real-time visibility of group cash and intercompany positions, reduced manual work for its two-person treasury team, and built a scalable platform to support future growth and acquisitions.

Dechra

Steve Card

Group Treasurer