Case Study: Dechra Centralises Cash and Transforms Treasury Reporting with Salmon Software

How Dechra Centralised Cash and Transformed Global Treasury Reporting with Salmon TMS

Dechra Pharmaceuticals worked with Salmon Software to tackle the challenge of rapid global growth, which had left the group with no formal treasury structure, fragmented cash management, and complex intercompany activity across 36 business units. Dechra needed better visibility into cash, FX exposure, intercompany lending, and banking activity across multiple currencies and jurisdictions.

Using Salmon Treasurer, including its Intercompany module, Salmon Software helped Dechra centralise reporting and automate the management of ZBA activity, netting, intercompany positions, interest, and withholding tax. The solution delivered real-time consolidated cash and FX visibility, accurate up-to-date intercompany reporting, and minimal manual intervention for just two treasury staff, while also providing a scalable platform to support future growth and acquisitions.

Dechra

Steve Card

Group Treasurer