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Transparency Now!

‘Fun‘ is usually not the first word that comes to mind when you think about controlling bank fees. ‘Frustrating‘ and ‘time-consuming‘ usually head the list. That is hardly a surprise given the current situation in many companies.

Bank fee statements are usually paper-based and there is no information about agreed fees to facilitate comparison. Very often this task ends up with a new colleague or an intern who fight their way through stacks of paper and endless spreadsheets. Inevitably, given this approach, a professional monthly check of all fees is simply not feasible.

Key Points

  • Why bother about bank fees?
  • Electronic bank fee statements – how to process them
  • How much money will I save?
  • How to get started
  • I have the files. What’s next?

 

Written by

Hubert Rappold
Partner
Schwabe, Ley & Greiner

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