REDBRIDGE DEBT & TREASURY ADVISORY
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Company
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Specifications
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Bank Fee Monitoring
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Bank Account Management
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Redbridge Analytics has built a full stack of software to solve problems that are otherwise left unchecked in many treasury groups: bank account management, bank fee analysis and card fee analysis.
Our products benefit from the expertise of Redbridge Debt and Treasury Advisory, our parent company, which provides advice to corporate treasuries and finance departments worldwide since 1999. For enquiries, please contact: Dave Strand, [email protected] |
FEATURED SESSIONS
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For more than twenty years, Redbridge has provided expert service to corporate treasury around the world.
Over the course of thousands of projects with hundreds of companies, we have developed a vast knowledge and systematic approach to servicing corporate treasury. With this knowledge, we have launched Redbridge Analytics, a group dedicated to delivering software solutions for the challenges of treasury.
We designed the Hawkeye Suite to solve problems that are otherwise left unchecked in many treasury groups.
They’re powerful alone – but even better when used together.
HawkeyeBSB
Bank fee analysis software that gives you accessibility, visibility, accountability and predictability over the bank fees charged to your company.
HawkeyeBAM
Bank account management software that helps you establish and enforce controls around your company’s inventory of bank accounts.
HawkeyeCard
Card fee analysis software that gives you accessibility, visibility, accountability and predictability over the fees charged by your payment card providers.
Over the course of thousands of projects with hundreds of companies, we have developed a vast knowledge and systematic approach to servicing corporate treasury. With this knowledge, we have launched Redbridge Analytics, a group dedicated to delivering software solutions for the challenges of treasury.
We designed the Hawkeye Suite to solve problems that are otherwise left unchecked in many treasury groups.
They’re powerful alone – but even better when used together.
HawkeyeBSB
Bank fee analysis software that gives you accessibility, visibility, accountability and predictability over the bank fees charged to your company.
HawkeyeBAM
Bank account management software that helps you establish and enforce controls around your company’s inventory of bank accounts.
HawkeyeCard
Card fee analysis software that gives you accessibility, visibility, accountability and predictability over the fees charged by your payment card providers.
Hawkeye BSB
Hawkeye BSB is a web-based software solution built by treasury experts to monitor, manage and reduce your bank fees globally. Click here for more information.
1. GAIN ACCESSIBILITY
Access reliable data on your global use of cash management services.
Hawkeye BSB transforms the account analysis statements from all of your banks, regardless of the format, into a reliable, standardized view, presented in a harmonized way. It all adds up to clear and transparent information on the cost of cash management.
Popular features
2. GAIN ACCOUNTABILITY
Identify and correct all billing violations.
Validate every service, price, volume, charge and rate to an established baseline. Hawkeye BSB verifies every element of your bank fee statements and identifies every billing violation, speeding up the recovery of incorrect fees. It is common to find 7 to 10% in billing errors every month.
HawkeyeBSB spots:
3. GAIN VISIBILITY
Knowledge is power.
The rich data provided on bank billing statements gives a lens into all aspects of your company’s cash management engine. As Hawkeye BSB accumulates your bank fee statements over time, the performance of your treasury operations comes into focus. Virtually every cash management function you have performed with your banks lands on the account analysis.
4. GAIN PREDICTABILITY
By standardising and organising all of the information in your bank fee statements, you gain the ability to evaluate the effectiveness of your treasury practices. In the same light, with a strong baseline of what has happened, HawkeyeBSB can then model and predict the impact of future treasury operations on your bank fees.
Hawkeye BSB precisely measures consolidated bank charges so you can:
Hawkeye BSB is a web-based software solution built by treasury experts to monitor, manage and reduce your bank fees globally. Click here for more information.
1. GAIN ACCESSIBILITY
Access reliable data on your global use of cash management services.
Hawkeye BSB transforms the account analysis statements from all of your banks, regardless of the format, into a reliable, standardized view, presented in a harmonized way. It all adds up to clear and transparent information on the cost of cash management.
Popular features
- Any machine-readable statement format can be captured: EDI 822, TWIST BSB, CAMT.086 BSB, CSV, PDF
- Automatic integration of all bank billing statements
- Comprehensive mapping of each item charged, based on AFP Domestic and Global Service Codes
- Single user-friendly platform
- Captures any number of currencies, countries, accounts, banks and services
2. GAIN ACCOUNTABILITY
Identify and correct all billing violations.
Validate every service, price, volume, charge and rate to an established baseline. Hawkeye BSB verifies every element of your bank fee statements and identifies every billing violation, speeding up the recovery of incorrect fees. It is common to find 7 to 10% in billing errors every month.
HawkeyeBSB spots:
- Price errors
- Volume errors
- Rate errors
- Calculation errors
- Inconsistencies
- New services added
- New accounts added
- Dormant accounts
- Popular features
3. GAIN VISIBILITY
Knowledge is power.
The rich data provided on bank billing statements gives a lens into all aspects of your company’s cash management engine. As Hawkeye BSB accumulates your bank fee statements over time, the performance of your treasury operations comes into focus. Virtually every cash management function you have performed with your banks lands on the account analysis.
4. GAIN PREDICTABILITY
By standardising and organising all of the information in your bank fee statements, you gain the ability to evaluate the effectiveness of your treasury practices. In the same light, with a strong baseline of what has happened, HawkeyeBSB can then model and predict the impact of future treasury operations on your bank fees.
Hawkeye BSB precisely measures consolidated bank charges so you can:
- Model and predict future bank fees
- Plan for business expansion
- Strengthen your negotiating power
"The rich data provided by HawkeyeBSB on bank billing statements gives us a sharp focus on the performance of our bank relationships and the treasury operations of all our entities"
Jacques Molgo
VP, Corporate Finance & Treasury
Jacques Molgo
VP, Corporate Finance & Treasury
"HawkeyeBSB was easy to implement and designed with the end user in mind. These features made the process easy and the results were exactly what we needed to monitor our internal cash management."
David Watt
Former Treasury Director
Hawkeye BAM
A software solution built by treasury experts to maintain exact records of bank accounts and employees with authority over those accounts, establish and enforce policies and controls, synchronize with banks, and assist with regulatory and compliance. Please click here for more information.
1. A NEW SOLUTION TO AN AGE-OLD TREASURY PROBLEM
For more than 10 years, one of the primary challenges described by treasury teams has been the need for more effective controls around their inventory of bank accounts and employees with entitlements over those bank accounts. The experts at Redbridge Analytics have developed new software to automate the four most important factors in bank account management:
2. PERFECT SYSTEM OF RECORD
Maintain accurate internal records of bank accounts, authorized employees and other related information.
Every bank account used by a company is a risk vector and source of cost. Every employee with authority over one or more accounts is a risk vector. Many companies, if not most, are unable to provide auditors with an accurate inventory of their bank accounts, and even fewer can provide accurate information around which employees have authority over those accounts.
HawkeyeBAM:
3. DETAILED PROCESS WORKFLOWS
Ensure impeccable accuracy of records.
Even with a perfect database of bank accounts and all of the related information, it will soon become inaccurate and unusable if you don’t enforce solid business processes to add or make changes to information.
HawkeyeBAM’s built-in customizable Business Process Workflows:
4. SYNCHRONIZATION WITH BANKS
Synchronize data with banks and minimize risk.
The gap between corporate records and bank records remains one of the greatest challenges to fraud prevention and control in all of treasury.
HawkeyeBAM communicates changes in accounts and employees with authority over those accounts to your financial institutions, ensuring your banks are notified of changes in a timely manner. By streamlining this information, everyone becomes aware of changes in real time, greatly improving your level of control.
5. REGULATORY AND COMPLIANCE
Reduce audit risk and ensure compliance.
HawkeyeBAM:
A software solution built by treasury experts to maintain exact records of bank accounts and employees with authority over those accounts, establish and enforce policies and controls, synchronize with banks, and assist with regulatory and compliance. Please click here for more information.
1. A NEW SOLUTION TO AN AGE-OLD TREASURY PROBLEM
For more than 10 years, one of the primary challenges described by treasury teams has been the need for more effective controls around their inventory of bank accounts and employees with entitlements over those bank accounts. The experts at Redbridge Analytics have developed new software to automate the four most important factors in bank account management:
- Perfect system of record: Access fully customizable field and screen layouts that work for your business
- Detailed process workflows: Build automated workflows that help you establish effective controls and ensure all changes to data are appropriate and authorized
- Synchronization with banks: HawkeyeBAM communicates with your banks and closes the communication gap so you don’t have to
- Regulatory and compliance: Solve regulatory headaches with easy access to documentation for audits and tax reporting
2. PERFECT SYSTEM OF RECORD
Maintain accurate internal records of bank accounts, authorized employees and other related information.
Every bank account used by a company is a risk vector and source of cost. Every employee with authority over one or more accounts is a risk vector. Many companies, if not most, are unable to provide auditors with an accurate inventory of their bank accounts, and even fewer can provide accurate information around which employees have authority over those accounts.
HawkeyeBAM:
- Maintains accurate records of every bank account at every bank along with all of the metadata of each account
- Ties each account into the detailed legal structure of your company and the funding structure of the cash-management engine
- Keeps a record of every employee who has authority of any type over one or more accounts (mandate holder) and the details of each authority they possess
3. DETAILED PROCESS WORKFLOWS
Ensure impeccable accuracy of records.
Even with a perfect database of bank accounts and all of the related information, it will soon become inaccurate and unusable if you don’t enforce solid business processes to add or make changes to information.
HawkeyeBAM’s built-in customizable Business Process Workflows:
- Ensure that additions or changes to information are done in a controlled fashion following your company’s policies
- Establish business processes that will ensure that all changes made have been authorized and approved before they are executed
- Enforce company rules to ensure that your inventory of accounts is accurate, along with detailed records of who can move money
- BAM AI allows you to design customized automated workflows that monitor your bank account information for policy and compliance violations
4. SYNCHRONIZATION WITH BANKS
Synchronize data with banks and minimize risk.
The gap between corporate records and bank records remains one of the greatest challenges to fraud prevention and control in all of treasury.
HawkeyeBAM communicates changes in accounts and employees with authority over those accounts to your financial institutions, ensuring your banks are notified of changes in a timely manner. By streamlining this information, everyone becomes aware of changes in real time, greatly improving your level of control.
5. REGULATORY AND COMPLIANCE
Reduce audit risk and ensure compliance.
HawkeyeBAM:
- Supports the FBAR process
- Provides reporting for internal and external audits
- Assists with the challenges of bank KYC requirements