Request for Proposal (“RFP”) Development
Re-tendering for provision of corporate banking services should be a periodic activity, to make sure that the current bank, its services, credit rating and pricing is still the best solution for your business.
Defining your banking requirements and issuing a formal tender document to your bank partners ensures that you will get the best cash management solution at the lowest price. Elite can help you at all steps of the process to develop your RFP through information gathering, creation of tender documents, participating in the presentations and the final decision making process.
With an RFP process completed the company can then demonstrate to stakeholders and senior management that the bank partners have been properly scrutinised and have justified their relationship.