Zeevo Group and Salmon Software Deliver Innovative Treasury Solutions to Aircraft Lessors

Best-in-Class Software to Complement the Company’s Comprehensive
Services As a Key Enabler of Lessors’ Treasury Transformation

NEW YORK–(BUSINESS WIRE)–lt;a href=”https://twitter.com/hashtag/JoeyJohnsen?src=hash” target=”_blank”gt;#JoeyJohnsenlt;/agt;–Zeevo Group LLC (“Zeevo”), a business, finance and information
technology consulting services firm, announced today a new strategic
alliance with Ireland-based Salmon Software Systems (“Salmon”), a
leading provider of treasury management software for treasury teams
across industries.


Zeevo clients, in particular aircraft lessors, will now have access to
the firm’s comprehensive treasury advisory services augmented with
Salmon’s integrated treasury platform, which are designed to optimize
liquidity management, provide advanced risk monitoring, and enhance
operational risk management.

“The alliance between Zeevo and Salmon demonstrates how the combination
of the best-in-class advisory services and the latest technology
solutions can boost aircraft owners and lessee managers’ cash management
and treasury operations capabilities,” said Zeevo Group Principal and
CEO Joey Johnsen.

Salmon’s industry-proven treasury system features seamless and
progressive web apps, enabling treasury teams to centralize or
decentralize operations and manage unlimited accounts, facilities,
books, funds, dealers, and business entities. Salmon has deployed its
solution with more than 100 customers globally, including leading
aircraft lessors and manufacturers.

As part of the alliance, Zeevo will provide strategic direction and
business development support to advance Salmon’s further growth in key
markets around the world, specifically facilitating the company’s foray
into the North American market by leveraging Zeevo’s extensive network
and knowledge of the leasing sector.

John Byrne, CEO and Managing Director of Salmon Software Systems,
commented: “As we continue to grow our customer-base worldwide, we find
significant interest in aircraft leasing, as well as in the North
American market, for our state-of-the-art solution. Teaming with Zeevo
will allow us to leverage their consulting expertise, technology
excellence, and deep knowledge of the North American and aircraft
leasing markets to deliver a key enabler of lessors’ treasury
transformation.”

On the sidelines of the Airfinance Journal North America 2019 conference
held in New York, Zeevo also broached concerns about the
fast-approaching end of LIBOR, and how the transition to alternative
rates poses an enormous challenge for lessors and their readiness.

Johnsen elaborates that “many of lessors’ contracts in place currently
run past the 2021 deadline, making the transition from the London
Interbank Offered Rate (“LIBOR”) to an alternative rate a real concern.
Lessors must start now to manage the financial and legal risk associated
with the LIBOR transition and turn a challenge into an opportunity. The
Zeevo team has both the expertise and the experience in facilitating
such transition for lessors.”

The alliance with Salmon also will enable Zeevo to provide lessors
immediate access to the industry’s first treasury management software
that has been recalibrated with new algorithms to facilitate a smooth
transition from LIBOR to the Sterling Overnight Interbank Average Rate
(“SONIA”) as the benchmark interest rate. Byrne points out that Salmon
system changes “make the process pretty straightforward for the clients.
We have one or two that have already successfully completed it.”

Johnsen concluded: “We are committed to enhancing the performance of our
clients’ treasury management operations and continually monitor
developments in technology. We are invariably on the lookout for
third-party products likely to be of benefit to our customers that can
be adapted and integrated into their systems. We look forward to
building a successful collaboration with Salmon and delivering
significant results in increased working efficiency of our lessor
customers through the use of Salmon’s treasury platform.”

About Zeevo Group LLC

Zeevo Group LLC (“Zeevo”) is a leading global professional services
company, delivering advanced solutions designed to reinvent our clients’
operations and unleash their competitive edge. Combining unparalleled
experience and deep industry expertise in improving the effectiveness
and success of processes, policies, teams, and technology, Zeevo
delivers proven results that create sustainable value for our clients’
shareholders and achieve their desired vision. Our business-led,
technology-enabled solutions cover all aspects of business, including
process design, performance improvement, operations and IT optimization,
and finance transformation. www.zeevogroup.com

Contacts

Alicia Reynolds
Direct: +1 760 933 8607
areynolds@zeevogroup.com

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