Cash management & banking optimisation

The 2010 PwC Global Treasury Survey found that almost 80% of treasurers feel that bank relationship management is currently of high importance (see Figure 1). Likewise, the survey indicated that cash management is still an area where a lot of improvements can be made.
 

Your challenges

• Limited visibility and control over global cash
• Idle cash balances while in a net debt situation
• No efficient global cash pooling, or no cash pooling at all
• Too many bank accounts and banks
• Insufficient control over payment processes and a low STP rate
• Pressure to reduce bank costs and improve efficiency
• No reciprocal relationship with your banks (business provided to the banks versus banking lending support)
• No holistic approach to services offered by the banks

Getting the full picture

Do you have a full overview of each step required to restructure your banking environment?

In recent years, we have partnered with over 100 clients to carry out banking restructuring projects. And we know the spectrum of services you need to succeed, such as:

• bank account structures and pooling mechanisms
• tax and regulatory impacts
• systems design, selection and implementation that deliver in-house bank and payment factory capabilities
• risk management and systems implementation, including treasury management systems, online dealing platforms, bank interfaces and payments solutions

How PwC can help you

We work together with you to help you:

• select the most appropriate banking partner(s) to support your initiative via a tendering process
• implement an automated cash management solution tailored to your specific needs , taking into account the cost, payback period and ease of implementation of the proposed arrangements
• reduce banking costs, typically by more than 50%, including both visible (transactions fees, number of bank accounts, electronic banking systems, etc.) and hidden costs
• gain higher visibility/control of forecasted and actual cash, increasing control of banks and bank accounts, and optimising your cash and treasury management
• increase efficiency of cash processes via automation and reduction of the number of process errors and required repairs, including the centralisation of the bank account reconciliation function
• better manage and follow up on bank relationships
• put in place a new electronic banking system and connectivity to increase security and achieve a higher STP rate for treasury transactions

Our clients

Here are examples of clients PwC has assisted in optimising their banking structure: