Airbus

Airbus Enhances Fee Visibility and Control With HawkeyeBSB

Objectives

• Check whether bank invoices (including volumes and unit prices) are correct
• Increase visibility of the banking services used by its subsidiaries and improve the head office’s understanding of these services
• Use the data from HawkeyeBSB as the catalyst to harmonize Airbus’ fee schedules
• Prepare for future RFPs for bank services using insights provided by HawkeyeBSB

Solution

Actionable insight Airbus can rely on

• Automatic integration of Airbus’ bank files, received via SWIFTNet FileAct, into the HawkeyeBSB tool
• Automatic matching of bank codes with fee schedules, regardless of the bank account, bank, or country involved
• Detailed reporting: Automatic and consistent flagging of discrepancies between expected and actual charges, making it easier to recover any overcharges

Results

Total visibility over banking services and cash management fees

• An accurate view of the overall charges paid to each bank at the group level
• Visible improvements in billing processes and credits issued from the banks immediately after beginning the implementation of HawkeyeBSB
• Accurate identification of billing discrepancies, enabling Airbus to recover overcharges
• Easy comparison of bank charges between banks and countries

Value Added by Redbridge

• An accurate view of the overall charges paid to each bank at the group level
• Visible improvements in billing processes and credits issued from the banks immediately after beginning the implementation of HawkeyeBSB
• Accurate identification of billing discrepancies, enabling Airbus to recover overcharges
• Easy comparison of bank charges between banks and countries