"Using HawkeyeBSB enables us to increase transparency with our banking partners, and is part of Airbus’s long-term aim to continuously improve our transactional banking relationships."
Assignment overview
HawkeyeBSB — analysis and monitoring of cash management fees
Objectives
- To check whether bank invoices (volumes and unit prices) are correct
- Act as a catalyst for the progressive harmonization of fee schedules
- Increase the visibility of the banking services used by subsidiaries and head office’s understanding of them
- Better calibrate calls to tender for future bids for bank services
Results
- An accurate view of the overall charges paid to each bank at Group level
- Visible improvements in billing processes and rectifications from the banks as soon as the implementation phase was launched
- Accurate identification of billing discrepancies, enabling them to be corrected
- Facilitates easy comparison of bank charges between banks and countries
Methodology
- Automatic integration of the bank files received via Swiftnet FileAct into the HawkeyeBSB tool
- This solution automatically matches bank codes with fee schedules, regardless of the bank account, bank or country involved
- Reporting: HawkeyeBSB automatically and consistently flags discrepancies between expected charges and those that have been invoiced, making it easier to recover undue charges
Redbridge’s added value
- An open, easy-to-use and user-friendly tool
- The capacity to integrate Airbus-specific data (such as internal codes) directly into the tool
- Diligent support during the implementation phase and providing expertise in the operation of bank charges