"The software was easy to implement and designed with the end user in mind. These features made the process easy and the results were exactly what we needed to monitor our internal cash management."

David Watt
Former Treasury Director

ENGAGEMENT TYPE

  • HawkeyeBSB – Internal Cost Allocation

 

BACKGROUND

  • Uber operates in 70+ countries with over $10 billion in sales in the last 4 quarters
  • Incurs over $50 million in fees to banks to manage its payments and collection operations, excluding credit cards

 

OBJECTIVES

  • Collect and measure the total costs of Uber’s cash management operations globally
  • Allocate costs to decision makers via management reporting
  • Identify primary drivers for cost and inconsistencies across regions and banks
  • Discuss findings with the bank
  • Monitor and ensure improvements are realized

ACHIEVEMENTS

  • Visibility into cash management fees in 63 countries
  • Easy monthly process to complete internal cost allocation reports for management
  • Having the ability to answer questions such as ‘What are the top 10 services we are paying for at each bank?’ helped focus negotiations with banks and reduce global cost

REDBRIDGE’S VALUE ADDED

  • Help in gathering and correcting bank files received from the banks
  • Expertise in mapping the services to the industry standard
  • Custom service line tagging assisted with the easy identification of partner payments
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