Automation and Discrepancy Reporting Keep Costs Down and Revenue Up
Maintaining a large portfolio of commercial accounts can be costly and time consuming. Citi Financial uses Weiland BRMedge™ to automate bank fee analysis and better manage its commercial banking relationships.
Citi Financial decided to use Weiland BRMedge to gain a comprehensive view of its treasury operation. The solution helped reduce bank fees, increase productivity and provide transparency of total cash management by enabling Citi Financial to:
- Understand the global cost of bank relationships
- Identify the most fee-efficient cash management strategies
- Review and model the effect of hard interest on bank accounts
- Reduce risk by identifying missing account protections
- Grade the performance of banking partners
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