"The rich data provided by HawkeyeBSB on bank billing statements gives us a sharp focus on the performance of our bank relationships and the treasury operations of all our entities."
Air Liquide Audits and Optimizes Cash Management Fees Using HawkeyeBSB
Manufacturing
Global
Cash Management
HawkeyeBSB
Objectives
- Obtain a global view of the cash management services used by the group
- Analyze the performance of cash management activities of newly acquired business in the United States
- Automate the bank fee monitoring process
Results
- A detailed view of 80% of the group’s global bank fees (across 8 banks in 40 countries)
- Ability to detect billing anomalies increased tenfold (anomalies accounted for 5% of total bank fees)
- Streamlined refund process
Methodology
- Automatic integration of bank billing files received from the banks into HawkeyeBSB
- The solution seamlessly mapped and aligned all AFP codes and pricing tables across all accounts, banks and countries
- HawkeyeBSB generated violation reports and highlighted incorrect fees charged by the banks, speeding up the recovery process
Value Added by Redbridge
- Unique database of bank service lines that makes cash management products readable and homogeneous, enabling cross comparison by country and product
- In-depth knowledge of the bank fee structures and respectful approach, which enables a close partnership with the banks during the onboarding process
“The rich data provided by HawkeyeBSB on bank billing statements gives us a sharp focus on the performance of our bank relationships and the treasury operations of all our entities. ”
Jacques Molgo
VP, Corporate Finance & Treasury, Air Liquide