Do You Update Check Signatures Frequently?
Did you know it could save you significant programming costs to use a dummy signature?
Redbridge Leads in Industry Consolidation
Paris, 2 October 2018 – In a market in which technology and regulations are evolving quickly, the Redbridge Group has strengthened its position in the fast-growing cash management sector by acquiring De Rhins, a specialist in the optimization of bank fees. The merger will help both companies better serve their corporate customers.
Do You Know the Language of Bank Billing?
Speaking AFP service codes is like a foreign language, a language which updates every 5 years. How would you know what is or is not a bank billing violation?
Excited to be returning to the New York Cash Exchange Conference!
Redbridge is excited to be presenting insights pertaining to Global Treasury and Cash Management, including optimization of bank cash management and payment card fees as well as our next generation of bank fee monitoring software, HawkeyeBSB. Don’t miss our speaking session! We look forward to speaking with you at Booth #218, where members of Redbridge will be located.
KYC: the difficult road to simplification
With increasing global regulations on KYC, corporate treasurers are seeking some standardization and simplification in a process that also causes a great deal of administrative red-tape at banks in their efforts to comply with ever expanding regulatory requirements.
How to Become a Treasury ‘Superhero’
Redbridge’s Dan Gill and Greg Moore of AutoNation discuss how treasury professionals can become ‘treasury superheros’ by using software tools to help analyze and manage their bank service utilization and related bank fees across the globe.
Excited to be returning to TEXPO!
The Dallas Sheraton | April 08-10, 2018 – Redbridge is excited to be presenting insights pertaining to Global Treasury and Cash Management, including optimization of bank cash management and payment card fees as well as our next generation of bank fee monitoring software, HawkeyeBSB.
Mihai Andreoiu joins Redbridge Switzerland as Senior Director
Redbridge strengthens the value of its independent advice to international trading companies. Based in Geneva, Mihai Andreoiu is appointed as Senior Director, Head of Commodities Trading & Trade Finance sector. He will also be responsible for the development of Redbridge’s new Swiss office opened in September.
Bank Services Billing – Newsletter
BSB Newsletter – A newsletter all about bank billing to corporations and other wholesale bank services users: standards, adoption of standards, billing practices and optimizing the billing experience.
The full impact of new hedge accounting rules must be carefully determined
Last August, the Financial Accounting Standards Board (FASB) issued an update that simplifies accounting rules around hedge accounting. The update is effective for public companies in 2019 and private companies in 2020, but early adoption is permitted. With several options available in the implementation, the full impact of the new guideline must be carefully determined before setting an adoption date.
Threats to multi-currency notional cash pooling
Without waiting for the final terms of the new prudential treatment of notional cash pooling, several sponsor bank institutions have decided to position for clear withdrawal of their pooling services, says Solenn Le Lay, associate director at Redbridge.
How to achieve order in the chaos of Bank Account Management?
Bank account management has proven to be anything but simple primarily because many treasurers try to handle it in a piecemeal, tactical way instead of a holistic, strategic way, says Dan Gill, senior director at Redbridge.
Internal cash pooling or bank cash pooling?
In cash pooling, companies have a choice between using their bank partner or relying on the functionalities of their treasury management system (TMS) to manually (or semi-manually) manage their deposits. Redbridge reviews the advantages and disadvantages of each solution.
Required abilities to get control of your bank relationships and your cash
The relationships that corporate treasury maintains with banks to manage cash operations are some of the most complicated and often confusing in the entire business. Because of the general misunderstanding of the cash management services bought from banks and the lack of available time in most treasury organizations, many companies perform only a cursory review of the information banks provide on service usage and costs each month. In some parts of the world, banks are not yet even providing the details of the number of transactions completed or their cost which leaves geographical blind spots in many organizations. There are literally millions in errors taking place each month that go unnoticed and we simply have to do a better job. By most estimates these errors range from 5% to 10% of our total bank fee spend and that represents real money in most companies. So, what is there we can do?
Redbridge opens a new office in Geneva
The leading financial management partner to corporations is now closer to its Swiss clients and the many treasury centers of multinational companies in Switzerland.