Avolta

Avolta Transforms Cash Management Across Europe and North America With Redbridge

Mission

• Assess and optimize the services and the fees, charged by 6 global relationship cash management banks
• Optimize the structure and levels associated with credit yield related to the company’s cash management
• Scope: Europe and North America (across 9 countries)

Objectives

• Improve and refine visibility on volumes and banking fees per bank
• Review current market practices and innovative service offerings
• Analyze credit interest rate offers in comparison with market best practices
• Maintain strong relationships with banks

Results

• Conducted negotiations with the banks leading to first-year savings of 15% – interaction with major banks in 9 countries
• Structuring a tailored solution regarding credit yield and obtaining “best-in-class” conditions on credit remuneration
• Better visibility and monitoring of fees going forward on clearly agreed price catalogues

Methodology

• Full mapping and audit of existing perimeter banking services including volumes and pricing
• Detailed benchmark for all means of payments and services, aiming achievable levels in line with relevant market practice
• Accompany treasury team in their reflection and analysis during bank discussions and negotiations
• Implementation with each bank of recurrent reporting on volumes managed and fees charged

Redbridge’s Added Value

• Collect all the data from banks until complete exhaustiveness
• Rigorous diagnosis process to map and reconstitute cash management costs per bank
• In-depth knowledge of market prices and banking best practices across services and countries
• Supported Avolta for balanced and considerate negotiations with banks to safeguard long-term relationships but also benefit from best conditions for each service type
• Full client support until documentation signing