"Redbridge enabled us to achieve savings and implement best-in-class transaction services, whilst respecting our valued bank relationships. "

Elisabeth Smadja
Head of Financing and Treasury, Spie batignolles

Mandate type

  • Harmonization of service quality and renegotiation of cash management services fees
    Scope: France


  • Optimize and harmonize banking conditions between banks
  • Define Group-wide bank service fees
  • Improve service quality and capability to monitor bank service fees
  • Preserve the quality of historical banking relationships


  • Downward harmonisation of bank service fees
  • Abolition of the ‘Commission De Mouvement’ fees
  • Particular attention was paid to the specifics of the construction industry (group accounts and SEPs*)


  • Analysis of the data contained in the Treasury Management System
  • Design and management of an RFP process with group banks
  • Two rounds of negotiation to achieve the optimal set of conditions
  • Project delivered on time
  • Redbridge was involved right up to the signing of the new bank service fee conditions

Redbridge’s added value

  • Project carried out with respect for the existing bank relationships
  • The results exceeded the Group’s expectations
  • A precise audit of volumes and bank charges drawn up by the teams gave an accurate picture of the savings at stake
  • In-depth knowledge of market conditions and the banks’ service capabilities


*SEP = société en participation – a company which is not registered and has no legal personality.

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