Transactional Banking

In many cases organisations with high volume, low value transactions leave hundreds of thousands of dollars on the table every year. Most of these organisations cannot quantify total spend on these low visibility transactions.

Money Streamlining

Bancorp provides clarity around transactional banking fees and helps you to structure your bank accounts so that saving money every month becomes business as usual. Don’t just take it from us, the most common comment we hear from our clients is ‘I wish we’d done this a year ago.’

We call it ‘Money Streamlining”. We review all costs incurred across payment and receipting channels related to the flow of money throughout an organisation. This review covers the whole process, from the moment cash hits a bank account (and the way it’s handled within the organisation) to the moment it leaves.

We establish the current state of play and then advise on best use of technology to streamline processes, providing easy reconciliations, instant reporting and a reduction in time and cost within an organisation. Improved visibility around cashflow is not just good practice, it enhances reporting and reduces the chances of fraud and human error.

Ultimately, ‘Money Streamlining’ delivers a more cost- effective cash flow.

How we do it

It’s all in a day’s work for the team at Bancorp. Typically, one day on-site at the outset is all that we need and within eight weeks you’ll be benefiting from the savings. Our on-site visit will involve a series of 45 minute interviews with key stakeholders (accounts receivable, accounts payable, reconciliations manager, cards manager).

The Bancorp team then delivers a clear plan of action providing more control over transactional costs and processes, including templates and information request formats for third parties. Our involvement in the background greatly reduces the time input at your end to secure a good outcome.

Corporate bank fee benchmarking
Most organisations don’t have a clear view on their total transactional and merchant banking spend. Our experience across a wide range of clients and sectors means that we can help to ensure pricing is current and competitive. It’s not uncommon for mistakes to be made on both sides, so we will check that the fees you’re being charged match your banking merchant agreement.
Transactional banking tenders
A transactional banking review is typically followed by either renegotiation with the incumbent bank or a full banking tender. Bancorp can help with either outcome. Transactional banking fees are probably the only sums of money that leave your bank account every month without approval. Taking action to ensure that your rates are current and competitive just makes sense.

Let's Get Started

If you want to gain control of your transactional banking costs, call the Bancorp team today