Optimizing Cash Management Services
Cash Management Services is a critical piece of the banking wallet share. As a valuable and strategic “side-business” for your banks, it is also a great opportunity for corporations to leverage and optimize their relationship with banks. To identify the optimal banking structure, fees and services configuration, an unbiased and competitive process is primordial to select the offers that really meet the company’s needs and requirements.
Review & Approval
Banks are increasing service fees across the board while interest rates linger at historic lows. Meanwhile, if your company is like most, your bank fees are automatically deducted from your bank accounts without any formal verification or approval process. Because bank account analysis statements are lengthy, complicated, and downright confusing, reviewing them in detail for accuracy requires time, tools and expertise. Find out how to optimize your time!
Many corporations have recently faced difficult times, after one of their cash management banks in Asia announced its unexpected withdrawal from the market. It is more important than ever to perform a competitive dynamics analysis when selecting a cash management banking partner.