Banking Arrangements
Established banking arrangements can prove costly and inefficient. By allowing us to examine your cash-flow management, you can maximise value for your fees and related costs and implement changes which will lead to a more efficient banking and related money transmission relationship.
Our on-site review provides an overview of current banking arrangements, charging structures and related costs. We identify where you would benefit from implementing changes to existing practices or by renegotiating fee levels.
In many cases, a review will provide a base from which to restructure the money transmission interface and to renegotiate fee levels. However, there will be occasions when it may be appropriate to tender the banking contract.
Time to tender? We can:
- Review and implement OJEU procedures
- Assist with preparation of client-specific tender invitation documents
- Help with pre/post tender discussions with banks
- Input to the tender evaluation process
- Assist with change implementation.
As always, Sector's involvement is tailored to suit each client's specific needs.