Assistance with a Tender Project

Focus on Banking specialises in advising organisations across all sectors in respect of the tender process for:

  • Money transmission banking arrangements
  • Credit/Debit card acquiring Arrangements
  • Bill collection arrangements via Post office/PayPoint/Payzone Counters
  • Security Carrier Arrangements
  • Working capital and term debt facilities

Although we provide specialist advice in relation to these services we also have a detailed understanding of Public Sector procurements regulations.

The Service:

  • Management of all or part of the tender process
  • Dealing with European Union procurement requirements
  • Preparation of an invitation to tender/RFP document
  • Review of all existing processes and inclusion of any improvements in the tender process
  • Evaluation of tenders and production of a report suitable for internal reporting purposes
  • Assistance with short listing and clarification process

The Benefits:

  • Expert assistance obtained in completing the tender process
  • Professional and thorough documentation ensures keener pricing from service providers
  • Savings often generated
  • Thorough evaluation of tenders - all hidden costs identified
  • Minimal strain on internal resources - time saved

Review and Benchmark of Existing Services

Organisation that are not required to tender their contracts can often achieve significant savings by reviewing/benchmarking their existing arrangements for banking, card acquring and/or bill collection services

When benchmarking, we aim to review all aspects of the arrangements and identify where terms can be improved and costs reduced without damaging relationships.

The Service:

  • Benchmark of tariffs to the market place and if appropriate identification of charges not levied
  • Comparison to the market place of interest rates paid balances by banks
  • Review of cash management structure in place/offered by banks
  • Review of borrowing arrangements and terms
  • Formulation of strategy to approach service providers to maximise the savings identified
  • Comparison of internal processes and use of the banking system to peers and the market place

The Benefits:

  • Reductions in charges and improvements in cash management (reduced interest costs/increased interest income)
  • Increased internal efficiency and improved use of the banking system
  • Useful comparison to peers
  • Internal processes improved