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The RequesT foR PRoPosal PRocess - Treasury Alliance

The RequesT foR PRoPosal PRocessa TReasuReR s +1 630-717-9732 RequesT foR PRoPosal PRocess a TReasuReR s guide 2012 Treasury Alliance Group llc. all Rights TRoducTionToday s Treasury selects products and services provided by banks, third-party processors and technology companies from around the world. In some cases the selection decision rests solely with the Treasury team while in others accounting, operations, legal, procurement and technol-ogy have a voice. In all cases, market pressure means getting the right products and services at the right price has never been more importantPurchasing decisions can be driven by basic requests to open ac-counts for newly formed subsidiaries, IT-driven migration to an electron-ic payment platform or more far-reaching relationship criteria such as a bank s participation in the company s credit facility. Over time an ad hoc approach to selection can lead to an unwieldy network of products and services that is inefficient and costly to maintain, particularly if business is spread across the addition to good strategic thinking and design, the RequesT for Pro-posal (RFP) PRocess is an effective tool for acquiring new products and services.

The RequesT foR PRoPosal PRocess a TReasuReR’s Guide www.treasuryalliance.com +1 630-717-9732 contact@treasuryalliance.com

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