"Redbridge managed to achieve significant savings without altering the partnership with our historic bank."

Michael Amodio
Director of Treasury Operations

Engagement Overview

  • Audit, benchmarking of cash management
  • Price negotiation
  • Scope : Germany, UK, Canada, US

Objectives

  • Henry Schein wanted to benchmark its existing banks in Europe and North America in order to identify potential savings and possible areas of optimization

Results

  • Out of the four countries audited, the largest source of potential savings identified was in the United States
  • Bilateral negotiations were then conducted with one of the existing banks
  • 14% reduction in banking costs and a five-year price commitment from the bank

Methodology

  • Auditing and benchmarking of cash management costs in Europe and North America, followed by two rounds of bilateral negotiations

Value Added by Rdbridge

  • In-depth knowledge of cash management in Europe and a time-tested, specialized expertise on management of banking relations in the United States
  • Tailored negotiating process in order to obtain the greatest possible savings while preserving the quality of service and long-term partnership between Henry Schein and its banks
Data for Stronger Banking Relationships

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