Bank Rationalization

A GLOBAL PERSPECTIVE OF YOUR BANKING FOOTPRINT

As your company expands, your network of banks grows with it, creating a web of banking relationships stretching over the globe. But a larger banking footprint can expose the business to unnecessary counterparty risk, loss of appropriate control, and poorly optimized cash management. Rationalizing your network of banking relationships ensures that your banking strategy is consistent with your operational practices.

Actualize Consulting offers a Bank Rationalization service that transforms your banking landscape from:
›    Inefficient account distribution to leveraged improvements in fees and services
›    Potential fraud exposure and high counterparty risk to established tight controls to reduce risk and safeguard funds
​›    Ineffective cash concentration to an optimal balance of centralization and local authority
Actualize examines every banking touch point to ensure its alignment with your objectives.
The Actualize Bank Rationalization process involves:
1 |
Reviewing and analyzing your bank accounts, legal entity structures, existing contracts, current bank processes and procedures, and current bank fees and associated processing costs.
2 |
Recommending an optimal bank account structure that balances controls, placing some relationships and items under centralized control, and others under local level oversight for greater efficiency.
3 |
Developing Key Performance Indicators and Request for Proposal processes that helps you evaluate banking relationships and bank accounts, monitor counterparty risk, and manage bank services and fees.     
4 |
Optimizing trade execution strategy and intercompany funding mechanisms to streamline workflows and achieve new levels of efficiency.
The result is a revised banking footprint that is consistent with your corporate objectives, your policies, and overall strategy. You can fulfill a banking program that complements your organization’s expansion by way of:
›    Greater visibility and control for enhanced management of global cash
›    Rationalized bank account structure to improve cash concentration efficiency
›    Strategic banking partnerships to improve service levels and minimize fees
​›    Automation of processes to minimize manual tasks