"The Redbridge team were efficient, effective, comprehensive and flexible in providing analysis."
- BRM Insight, Cash Management
- Audit, Optimize & Monitor bank fees, rates and services
- Review services and pricing structure in a complex and decentralized organization.
- Determine relevancy of bank services for each legal entities.
- Create awareness in the organization about bank pricing and services.
- Reduce costs within a core pool of banks.
- Scrutinized 12 months of account statement analysis, benchmarked fees and yield structure. Identified optimizations and implement relevant action plans.
- Created bank discussion documents (BDD). Engaged bilaterally three incumbent banks. Managed several rounds of mediations. Presented findings on tailored-made and detailed reports.
- Managed bank agreements and pro-forma guaranteeing the real application of the new bank fee structure. Monitored bank fees for at least three months to ensure precise implementation.
- Identified and eliminated 50 useless or redundant service items.
- Received credit from two banks on 12 undue or mispriced services over the past 12 months.
- Reduced gross bank fees by 24%.