"Using HawkeyeBSB enables us to increase transparency with our banking partners and is part of Airbus’ long-term goal to continuously improve its banking relationships."
Airbus uses HawkeyeBSB to gain and maintain visibility over its cash management fees
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 open, easy-to-use, user-friendly tool
- The capacity to integrate Airbus-specific data (such as internal codes) directly into HawkeyeBSB
- Diligent support during the implementation phase
- Unmatched expertise in bank fee analysis