Large-Scale Insurance Firm

Large-Scale Insurance Firm Optimizes Cash Management Operations with Redbridge

Challenge

A large-scale insurance firm engaged Redbridge to improve cash management operations across four banking partners. The client aimed to streamline financial processes, reduce operational costs, and strengthen relationships with its banks. At the core of the engagement was a need to evaluate the relevancy of existing bank services, benchmark pricing and terms, and recommend strategic optimizations for future growth and efficiency.

Solution

Redbridge conducted a comprehensive review of the client’s cash management ecosystem, focusing on service utilization, fee structures, and transactional volumes. Drawing from this analysis, a structured RFP process was launched, followed by two rounds of negotiations to secure the most competitive offerings. Redbridge provided ongoing support through to the implementation phase, facilitating bank communications, aligning on deliverables, and ensuring a smooth transition to new pricing schedules and service terms.

Results

Redbridge’s involvement delivered significant financial and operational impact:

• Recurring annual savings through successful RFP-driven negotiations
• 80% reduction in out-of-pocket costs
• Competitive pricing secured from key banking partners for best-in-class services
• Improved service quality and alignment with modern reporting standards

These results not only enhanced the client’s cost structure but also strengthened its banking relationships and positioned its treasury operations for continued efficiency.