Streamlined RFPs for Banking Services

We are now offering streamlined RFPs as a new option. If you are planning an RFP project on a tight deadline and do not require an evaluation of your internal treasury operations, a streamlined RFP is the perfect choice, and it will also save you money.

The Streamlined RFP Process

Basically, you give us the information we need for the RFP document and designate a contact person who can answer questions that may arise during the project. We do the rest.

You supply us with:

  • The bank services you want to put out to bid
  • The banks (up to five) to receive the RFP and bank contacts, if you have them
  • Information to complete the RFP, such as volume data, company description, etc. We will tell you what information we need.
We will take care of everything else, including the final decision, if you wish. When there are five bidders, the decision process often has two steps: reducing the bidders to two or three semi-finalists and then selecting the finalist. You may choose to be involved in the process after the semi-finalists have been identified. We will also inform all bidders of your final choice, if you wish.

RFP Timing

A streamlined RFP project for a normal complement of banking services for up to five bidders should be finished in three months or less after we receive the information we need from you. Fewer banks and fewer services reduce the project length even more.

RFP Options

You have the option of requesting a presentation from the semi-finalists or visiting operational areas of specific interest, such as lockbox processing. We can attend the bank presentations and accompany you on site visits.
 If you wish, we will review the bank service agreement to make sure it agrees with the proposal in terms of services, prices, etc. We can also advise you if you are implementing services with a new bank.
 Give us a call at 609-466-2300 to discuss your situation with Ken Parkinson or Joyce Ochs. You may also contact us via e-mail at Ken or Joyce.