Case Study: a Fortune 10 global treasury team saves $1.7 million with Clearsulting's bank fee analysis program

a Fortune 10 global treasury team saves $1.7 million with Clearsulting

The global treasury team of a Fortune 10 healthcare company faced a challenge from its CFO to cut costs and improve efficiency. Their existing Kyriba Bank Fee Analysis module was outdated, unable to manage fees billed in over 30 currencies, and lacked a structured review process, causing potential errors and redundant services to go undetected. Clearsulting was engaged to address this.

Clearsulting redeployed the Kyriba module, validated pricing, and introduced a proprietary dashboard to automate analysis. This solution provided a sustainable process and identified significant savings. The results included $1.7 million in first-year savings and another $3.4 million in recurring opportunities under review. Clearsulting's work gave the company the tools to proactively manage its bank fees long-term.