Spie Batignolles

Spie Batignolles Optimizes Cash Management Fees While Preserving Bank Relationships

Mandate Type

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

Objectives

• 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

Results

• Downward harmonization 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*)

Methodology

• 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

Value Added by Redbridge

• 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