"Redbridge supported us from start to finish during our TMS selection process. We particularly appreciated their technical insights, which enabled us to make fully informed decisions."

Daniel Mendes
Finance Transformation and PMO, RAJA

Engagement overview

  • Help optimize the treasury process by selecting a TMS that met RAJA’s needs and could be used by its subsidiaries, all of which have their own particular requirements
  • Help define the bank communication protocol and requirements for the migration of the flows to Swiftnet

Objectives

  • Optimize the treasury process and improve productivity by selecting a high-quality treasury tool
  • Choose a tool that could be deployed in the group’s subsidiaries in France and elsewhere

Results

  • Selected a tool that incorporates all the functions of a TMS, especially those prioritized by RAJA
  • Ensured all stakeholders adhere to the new tool thanks to a proven methodology
  • Selected a new service provider

Methodology

  • Evaluation of the existing treasury operations and processes based on questionnaires and workshops
  • Setting out the group’s treasury requirements in a specification document
  • Full management of the request for proposal and interactions with vendors
  • Comparing the potential service providers and making plans ahead of a migration to Swiftnet
  • Reviewing proposals and making recommendations
  • Providing support in negotiations with service providers and finalising contracts

Value added by Redbridge

  • Knowledge of vendors and their ability to meet the group’s needs
  • Helping define functional and technical requirements
  • Project management ensuring commitments are met and schedule is followed
  • Supporting decision-making through a documented process that promotes stakeholder buy-in
  • Market benchmarking providing useful comparisons
Download the treasury organisation report 2024

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