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Sanitation company optimizes payment operations & cost efficiency with Redbridge

Challenge

The client, a leader in the waste management industry, was in a period of rapid growth, focusing on integrating newly acquired companies. With their teams dedicated to supporting their growth plan; they realized they needed expert guidance to streamline payment processes. They specifically sought insights into interchange fees to capture potential savings and aimed to shift more of their acquiring business to existing banking partners, strengthening those relationships and reducing reliance on non-bank fintech providers.

Solution

Redbridge connected with the client at a tradeshow, where discussions on both Cash Management Advisory (CMA) and Payments Advisory highlighted the value of a combined approach. The GPS team conducted a detailed audit of the client’s payment environment, pinpointing areas where costs could be optimized. Working closely with the client, the GPS team helped consolidate and streamline operations, bringing them under a primary acquiring relationship with one of their preferred banks. Key services included:

• Assessing surcharging feasibility within the utility sector
• Transitioning and certifying the industry-specific point-of-sale system to a new provider
•  Updating interchange programs and Electronic Invoice Presentment and Payment (EIPP) data

Results

The consolidation plan transitioned three partnerships under a single, more strategic banking relationship, generating substantial annual savings in the seven-figure range. With Redbridge’s support, vendors are now accountable for delivering on agreed services, improving both operational efficiency and cost savings. This strategic alignment allows the client to focus on growth with a more streamlined, cost-effective payment setup.

1,000,000+ annual savings

Enhanced operational efficiency

Cost-efficient payment environment