At Vizant, we continually assess the treasury product and service landscape to provide clients with solutions to improve cash flow and working capital positions—at the lowest total cost of transactions. The products and services that we deliver reduce costly manual processes, accelerate the cash inflow cycle, extend the cash outflow cycle and reduce the risk of handling cash.
Treasury Operations / Bank Fees
We work with companies, assessing their treasury environment, concentrating on reducing bank fees while maintaining long-standing and trusted banking relationships. Bank fees are often a substantial cost outlay and present an opportunity to drive savings while improving service levels. Our analytics and peer group comparisons consistently demonstrate that 85% of companies are overpaying for banking products and services.
Payment Card / Merchant Transaction Fees
We support clients by demystifying the complex, confusing and costly payment card landscape. Accepting an inbound payment card transaction requires companies to use a maze of software and service providers and incur multiple types and levels of transaction fees, all of which are supported by cumbersome reporting mechanisms. For this basic business function, companies incur an overall cost of acceptance ranging from 1.5% to 4% of the transaction.
We work with finance leaders to assess and align their evolving treasury needs to the rapidly changing treasury products landscape. Market disruptions are occurring frequently and continually. We look to align our solutions to a company’s strategic vision and help them achieve those goals. Our independent team of advisors works across traditional and emerging technologies, products and providers to bring our clients leading practices and relevant benchmarks to identify opportunities. Save, simplify, and succeed is not a one-time event, but an ongoing process of adapting to succeed in an environment of increasing cost, complexity and responsibility.
We work with finance leaders to initiate, or in many cases, further, their journey towards digital transformation. This journey begins with a shared vision to automate labor intensive manual processes. To achieve this, we leverage existing technology investments and capabilities in order to streamline workflows, increase efficiencies, and reduce the cost of transactions. Most finance leaders do, in fact, understand that better ways exist, but committing the time to incremental and sustainable improvement is a challenge. We address that challenge directly; we provide finance leaders with the process expertise, technology capabilities, industry knowledge, and independent fact base to build the business team and business case for change.