"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."
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