Managing bank charges concerns treasurers because it consumes a lot of energy. It's not new and it's not over. Signatories to multiple heterogeneous banking service contracts, companies navigate the fog of bank charge invoices . In addition to the announced and identified costs, there are underlying or implicit costs, sometimes subject to unconvincing explanations: The banking advisor tends to take refuge behind the lines of the service contract, which can only increase bitterness. of his client.
Faced with this reality, companies are not on an equal footing: The largest have human and computer resources to report, observe and negotiate; Smaller entities must suffer and pay. There is no way to escape this bill which often remains abstruse.
But electronic banking billing (BSB) only solves part of the problem...
By encouraging bankers to produce an electronic invoice with an identical structure, the large international groups have provided a service to everyone. After becoming widespread across the Atlantic, this electronic invoicing called BSB (Bank Services Billing) arrived in Europe a few years ago. For those who hold the structural key to this camt.086 XML file, the fog is clearing somewhat. It becomes possible to explain the multitude of invoicing lines and navigate more comfortably, in Excel, in this uninviting environment. This is already definite progress! Because the experience of NEOFI, accustomed to decrypting these files, allows us to draw two important lessons:
- The BSB offer proposed by banks does not make them infallible, which is why NEOFI provides the means to detect possible errors and request the correction of overestimated costs or even the cancellation of imaginary costs.
- Companies, small or large, can free themselves from the traditional fear of the banker. The balance of power is balanced, thanks to this transparency tool, which allows for exchange and negotiation.
How to read, but also analyze such a quantity of data?
Despite the BSB, many benchmarks remain unclear. More reactive, the treasurer is not necessarily proactive. In theory, the BSB format presents expense items, unit prices and volumetrics. But, in practice, inconsistencies appear. The presentation of bank charge invoices is not harmonized. The volume may be lacking, with posts being recalled as many times as the event has occurred. Sometimes, this volume is blocked at 1 and we must deduce it by identifying the multiple of the base price. Add to that the changing job titles from one bank to another… How to compare, how to analyze?
Equipped with powerful algorithms, NEOFI Bank Charges resolves these difficulties by reading and processing all available information. Based on a reference based on banking conditions, it retrieves and compiles the data, taking into account the synthesis of job titles. Readable presentation, verification of the consistency of the amounts, search for costs not mentioned in the conditions... Its potential is more extensive than just reading camt.086. Thanks to its business intelligence , it offers the possibility of changing the graphs, by modifying the analysis periods, by selecting certain services, certain accounts, certain entities. Thus, the treasurer can not only note, but also interpret and analyze the discrepancies between the volume of bank charges that he has indicated and those that are invoiced. As Neofi Bank Charges also allows him to study, point by point, what an invoice would give when applied to the conditions of another bank, the treasurer can now be reactive and proactive. He can dialogue with his advisor from a position of strength. The stakes are high because substantial savings are at stake, through the reduction of costs, but also thanks to the reduction in personnel costs linked to the processing, entry and tedious reading of data.
