Digital Transformation in Treasury
“In Europe, the compensating side-business approach is on the decline”, Alexandre Bousquenaud, Senior Director, Treasury Advisory
Regulatory changes over the past ten years in checking, transfers, withdrawals and payments by card, together with the arrival of new, nonbank players, have significantly disrupted the classic banking business model for cash management in Europe.
Why are your Merchant Card Fees so hard to understand and manage?
Knowing how your company stacks up against best practices and overall costs of acquiring your card-based sales is becoming more important, especially given the increasing growth of e-commerce and overall card-based sales, writes Aeron Sharp.
UK regulator calls for replacement of LIBOR indices by end of 2021
The mid-summer announcement of the potential abandonment of LIBOR indices by the end of 2021 is raising concerns among both banks and companies. The primary question is the relevance of the new benchmark rates, writes Muriel Nahmias.
The BSB File Format and Global Availability
Over the last 12 months, Redbridge Debt and Treasury Advisory in conjunction with the CGI Workgroup 5 has conducted one of the most extensive surveys of BSB availability and scope of Global AFP code usage to date. While 16 known banks can currently produce the BSB file in a variety of countries, the survey reveals that there is still a long way to go for truly global coverage, even among the top global money center banks.
Join us for the Dallas AFP’s annual education and networking event
On Wednesday, September 19th, the Dallas Association for Financial Professionals will hold its annual education and networking event.
Branch or Armored Carrier?
The use of cash and coin is not only declining, it is becoming more expensive each year. Large corporations required to receive payment in cash constantly look to reduce the cost of this service and manage the associated risks. Read here for some of the latest trends in cash and coin collection.
Not paying attention to how your banks assess your creditworthiness could cost you millions of dollars
How do banks price your term loans, revolvers, and other credit facilities? Importantly, what makes your business profitable to each of your banks? Each bank has its own internal methodology, of which you might not be aware, but should be.
RAROC – A Treasurer’s Best Tool for Optimizing Banking Relationships and Reducing Financial Expenses
Banks utilize RAROC (risk adjusted return on capital), a risk-based profitability measurement, to assess the efficiency of their business relationships with corporations. Savvy treasurers utilize RAROC to monitor costs and ensure competitive pricing in their banking relationships.
Redbridge at AFP Annual Conference 2017
The Redbridge team is excited to be exhibiting and speaking at the AFP Annual Conference in San Diego, October 15 to 18, 2017. Keeping with the AFP theme of « Where the Best Get Even Better », Redbridge experts will present key insights on some of the most important developments, trends and opportunities within treasury management. Our delegation of BRM experts will be available for meetings on current topics, including treasury service utilization, bank fee optimization, merchant card costs, credit ratings, fundraising, and debt structuring.
Why are some major banks not pricing EDI 822’s to encourage the elimination of paper?
At some banks, paper Account Analysis Statements are still priced lower than electronic versions of the same report in PDF, CSV, or EDI 822. One bank is actually charging its corporate clients up to $175 per account monthly to receive an electronic version of the same report that comes in paper form for $25! That does not make sense! writes Bridget Meyer, senior director at Redbridge.
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.