Redbridge Uncovers Excessive Forex Fees Banks Charge Corporate Clients
Redbridge extends its analysis of bank fees into additional cash management services that now includes forex transactions.
The Importance of Banking Visibility for Payroll Processors
Payroll processors need a strong banking relationship to contribute to their overall financial health and success. Banking visibility plays a key role in maintaining not only the cash flow on-hand, but understanding the dynamics of various services that contribute to the day-to-day efficiency of the underlying Treasury Department roles.
Make a Strategic Shift from Lockbox to ACH Payments
A growing number of businesses are transitioning from traditional Lockbox payments to Automated Clearing House (ACH) payments to streamline their payment operations. This strategic shift not only optimizes transaction speed and accuracy but also significantly enhances overall financial management. At Redbridge, we’ve helped many companies make the switch and have identified the best ways to streamline the process.
Increasing Treasury Returns in a High Interest Rate Environment
High interest rate environments have created opportunities for companies to significantly increase their treasury revenues through investable balances while reducing bank fees from bank cash balance offsets. As such, banks are pushing their clients to invest their cash balances in money market funds, but alternative investment vehicles may offer more optimal returns on investment.
