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