For many companies, a tender for operational banking is one of those things “we must get around to one of these days”. When people are very busy with day-to-day issues of fire fighting, the banking continues to function; payments get made, receipts are banked and staff get paid. Yet, prices fall; new methodologies arrive and market changes. New benchmarks are created and banks never rush to advise their customers of ways to save money. Finalysis can help by providing the resources and expertise to initiate a tender and manage it through to completion.

• Bank Tenders are complex and time consuming…..Finalysis is the resource
• The service is modular; full management can be undertaken, or partial, in conjunction with the client
• Bank Tenders can be stand alone, or follow a client review
• Fixed price, tailor made for each client, based on our per day rate

The basic steps are:-

• Preparing the Invitation to Tender
• Issuing the ITT
• Questions during the preparation period
• Evaluation of proposals
• The short list
• Final presentations and selection

Why Tender?

• A regular requirement, e.g. public body guideline
• Banks are suppliers ? like any other
• The market evolves
• New or improved products
• More competitive prices
• The incumbent bank becomes lazy and complacent
• The process creates pricing issues for the incumbent bank - Why didn't you give me this before?

We ask the questions the banks don’t want to answer

"We were looking to work with a firm on whom we could rely for 100% objective, honest and effective advice and guidance. In Finalysis we found a small but dedicated team of professionals who used their combined skills and experience pro-actively to add real value for Marie Stopes International"

Douglas Whitewright
Director of Finance
Marie Stopes International 

"Of particular benefit was the detailed analysis work done on detailed pricing of each transaction stream and the knowledge of the range of options which the various banks could offer to achieve particular University business requirements, based on current best practice. The University process benefited from this information-based rigour at each stage of selection”.

David Soutter
Director of Finance
Coventry University