"Redbridge helped us to identify areas for improvement in our treasury function and then significantly reduced our cash management fees in Europe. "

Jean Luc Givone
Group CFO, Expleo Group.

Engagement overview

  • 2019 – Diagnostic of the Group’s treasury function following a major acquisition
  • 2020 – Optimisation of the Group’s cash management conditions as part of the treasury centralisation project in France

2019 – Treasury Diagnosis

  • Audit of treasury operations (organisation, systems, processes, banking relations and cash flow) in 3 countries (France, UK and Germany).
  • Comparison with best practices within comparable groups
  • Drafting of recommendations for each category (40+ recommendations) and a target roadmap for implementation

2020 – Bank Services Optimisation

  • Audit of cash flow volumes and cash management costs for 4 countries: France, Germany, UK and Ireland
  • Optimisation of banking conditions
  • Minimizing transaction costs and further centralizing cash flows (implementation of non-resident accounts in France)
  • 80% reduction in the Cash Management fees

Methodology and Added-value

Diagnostic of the treasury function

  • Interviews conducted with all key stakeholders in the Group’s treasury function
  • Identification of the strengths and weaknesses within the treasury structure based on Redbridge’s in-depth experience
  • Recommendations adapted to the company’s situation and its short and medium term objectives

Optimisation of cash management conditions

  • Detailed audit of cash management flows and management of a consultation with around 10 banking institutions
  • Precise knowledge of fair market conditions and bank service capabilities
  • Results above Group’s expectations
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