Digital Transformation in Treasury
Thoughts for a successful and well-functioning Asian treasury operation
Solenn Le Lay and Hélène Shen, consultants from Redbridge DTA, identify important areas that treasurers should consider to avoid the common pitfalls of doing business with banks in Asia: obtain optimal pricing and ensure top quality services for all their local cash management needs.
Case study – U.S. domestic retailer
A privately held retailer headquartered in the United States selected Redbridge to conduct a bank fees and services optimization called “BRM Insight”. This ‘big-box’ retailer – with more than 200 domestic US locations – utilizes a total of seven banks for its daily cash management, cash & coin deposits, and banking needs. In addition, the client works with multiple armored car couriers to facilitate the carrying of hard cash between its stores and banks.
U.S. Banks set to simplify their billing systems
Two of America’s largest banks have recently sent notices to customers communicating the changes to their services. Multiple global banks are also in the middle of streamlining service lines as they bring additional countries into a centralized global billing system.
The automation of bank fee monitoring becomes a reality!
Over recent years, the banking community has made steady progress toward establishing standardized billing formats.
The key to gaining and keeping corporate treasury business
When treasurers are able to understand how they are using the bank’s services and the cost of their global cash management operations they become better customers. Accessibility to the service usage and fee information relieves many of the pressures that currently exist in the treasury banking partnership, writes Dan Gill, Senior Director, Redbridge Analytics.
Bank Services Billing Standards Market Adoption
Corporate case studies and presentations reflect growing adoption of the BSB. European and UK e-invoicing regulation addressing retail bank statements and could in future have an influence on wholesale providers and users. The vendor survey is completed! An initial view of the results are reported on in this issue of the newsletter. Surveys are in progress to assess corporations using BSB as well as banks providing bank billing statements in BSB format. Corporate practitioners attribute value to use of the BSB format.
Why AFP Codes are the global standard for bank fees
Treasurers should be stressing the importance of discussing account analysis statements when looking at a new non-U.S. bank relationship, write Tamir Shafer and Stephan Ireland.
Redbridge at AFP Annual Conference 2016
The Redbridge team is excited to be returning to the AFP Annual Conference in 2016 to present our insights on the most important developments, trends and opportunities within treasury management. Our delegation of industry experts will be available for meetings on current topics, including those related to treasury service & fee optimization, merchant cards, credit ratings, fundraising and debt structuring. As you plan your attendance for AFP 2016, be sure to make time to visit us at our booth, schedule a meeting, or attend one of our five thought leadership sessions.
The consumer financial protection bureau is watching out for consumers – who is watching out for corporates?
Corporate treasurers must now become more vigilant than ever in monitoring the inventory of bank accounts, the services and volumes their banks are claiming were used, and the rates applied to these volumes, each and every month, write Daniel Gill and Tamir Shafer.
Brexit: a guide for treasurers to manage the uncertainty
The most influential variable for optimal decision making is not based upon accurately utilizing and pricing all available information; rather, it is the inability to place any acceptable degree of confidence on the variable for uncertainty over future potential outcomes. Managing such uncertainty is precisely the challenge the corporate finance community faces after Britain’s recent referendum to withdrawal from the EU, writes Bob Callahan, Director at Redbridge DTA.
Predicting the Future of ECR
While rates are on the rise in a competitive environment, such as an RFP, it will take time before ECRs are increased across the board – especially at the large money center banks focused on shedding deposits rather than attracting them, says Redbridge’s nationally recognized treasury expert, Bridget Meyer.
Bank Financing within the EU: Competitive, yet still lacking in efficiency
An operational analysis of the European market for bank financing for large corporations reveals major pricing disparities among lenders, with indicative spreads that can vary by up to 100% within the same facility.
It’s Time for Treasury to Treat Banks Like Any Other Vendor
When thinking about the typical set of cash management services that banks provide to corporations, there is no reason that a bank should be treated differently from any other corporate vendor in order to be paid for its services, writes Tamir Shafer, Senior Director at Redbridge Debt & Treasury Advisory.