Cash Management & Payment Trends: How 2022 Will Transform Your Treasury Department
“It is possible to offset the increase in scheme fees charged by major international networks,” Mélina Le Sauze, Redbridge
At the time of the biannual review of its network fee schedule, applied to acquiring banks, Visa Europe has introduced new elements and raised the rates on ecommerce transactions. For Mélina Le Sauze, Director at Redbridge, these changes strengthen the interest in optimizing the allocation of acquiring bank flows.
Redbridge Survey of Fortune 1000 Uncovers Funding Strategies
The vast majority of Fortune 100 companies, if not all, utilize the public markets for raising capital funding through alternative sources rather than utilizing only banks for raising needed capital. In the Fortune 101 to 929, the majority utilize banks as their capital funding sources, reveals a in-depth study of the debt structure of Fortune 1000 conducted by Redbridge.
Dan Carter Joins Redbridge to lead U.S. Payment Cards Solutions
Redbridge is pleased to announce the addition of Dan Carter as Associate to lead its U.S. Payment Card Solutions within Redbridge’s U.S. Treasury Advisory team. The recruitment is marking the extension and enhancement of the support and advice that Redbridge provides to global corporations around the world.
Mihai Andreoiu joins Redbridge Switzerland as Senior Director
Redbridge strengthens the value of its independent advice to international trading companies. Based in Geneva, Mihai Andreoiu is appointed as Senior Director, Head of Commodities Trading & Trade Finance sector. He will also be responsible for the development of Redbridge’s new Swiss office opened in September.
Acquisition financing: avoiding the costly bridge loan
Using the Commercial Paper market to cover the bridge financing of an acquisition can provide buyers with substantial savings. However, the strategy does require a bit of foresight and vigilance on a number of points, as Matthieu Guillot, senior director at Redbridge, explains.
Bank Services Billing – Newsletter
BSB Newsletter – A newsletter all about bank billing to corporations and other wholesale bank services users: standards, adoption of standards, billing practices and optimizing the billing experience.
The full impact of new hedge accounting rules must be carefully determined
Last August, the Financial Accounting Standards Board (FASB) issued an update that simplifies accounting rules around hedge accounting. The update is effective for public companies in 2019 and private companies in 2020, but early adoption is permitted. With several options available in the implementation, the full impact of the new guideline must be carefully determined before setting an adoption date.
Threats to multi-currency notional cash pooling
Without waiting for the final terms of the new prudential treatment of notional cash pooling, several sponsor bank institutions have decided to position for clear withdrawal of their pooling services, says Solenn Le Lay, associate director at Redbridge.
How to Achieve Order in the Chaos of Bank Account Management
Bank account management has proven to be anything but simple primarily because many treasurers try to handle it in a piecemeal, tactical way instead of a holistic, strategic way.
Internal cash pooling or bank cash pooling?
In cash pooling, companies have a choice between using their bank partner or relying on the functionalities of their treasury management system (TMS) to manually (or semi-manually) manage their deposits. Redbridge reviews the advantages and disadvantages of each solution.
Required abilities to get control of your bank relationships and your cash
The relationships that corporate treasury maintains with banks to manage cash operations are some of the most complicated and often confusing in the entire business. Because of the general misunderstanding of the cash management services bought from banks and the lack of available time in most treasury organizations, many companies perform only a cursory review of the information banks provide on service usage and costs each month. In some parts of the world, banks are not yet even providing the details of the number of transactions completed or their cost which leaves geographical blind spots in many organizations. There are literally millions in errors taking place each month that go unnoticed and we simply have to do a better job. By most estimates these errors range from 5% to 10% of our total bank fee spend and that represents real money in most companies. So, what is there we can do?
Redbridge opens a new office in Geneva
The leading financial management partner to corporations is now closer to its Swiss clients and the many treasury centers of multinational companies in Switzerland.
Solving the puzzle of bank fees worldwide
Bridget Meyer, senior director of Redbridge Analytics, presents in the Demo Pit at EuroFinance’s International Treasury Management conference 2017.
“In Europe, the compensating side-business approach is on the decline”, Alexandre Bousquenaud, Senior Director, Treasury Advisory
Regulatory changes over the past ten years in checking, transfers, withdrawals and payments by card, together with the arrival of new, nonbank players, have significantly disrupted the classic banking business model for cash management services.
Why are your Merchant Card Fees so hard to understand and manage?
Knowing how your company stacks up against best practices and overall costs of acquiring your card-based sales is becoming more important, especially given the increasing growth of e-commerce and overall card-based sales, writes Aeron Sharp.