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Our deep insight into the financial market means we understand banks’ solutions, pricing and mindset in detail. We provide impartial advice in all areas and take care of the entire process with minimal resource consumption on your part. You choose whether you want us to do the job for a fixed or performance-based fee. We’re confident that we can create savings for you when we improve your banking relationship.
NORTH Financial Procurement reviews your current banking agreements in detail to ensure that your company achieves market-compliant solutions and pricing. We analyze, assess and make concrete recommendations, assist with bank negotiations and spar with your CFO on an ongoing basis.
Background
Increase in the number of internationally based companies doing business abroad.
We experience the following:
Increased costs
Significant fees are charged for both currency spot and forward transactions and options.
We experience the following:
Impartial review and recommendation
NORTH’s consultancy will ensure that your company has the best possible solutions and prices for foreign exchange.
Benefits:
An assessment of loan terms, term sheets, terms and conditions, etc. to achieve optimal terms when borrowing, refinancing or continuously optimizing financing.
NORTH’s advice and value creation
NORTH ensures that the company and the association obtain the most optimal individual financing terms. At the same time, we help in the financing process by:
Our financial advice includes, among other things, the following:
We review all the company’s or association’s financial agreements in the the following areas:
CFO, Accounting Manager, Finance Manager – well, whatever your position, this financial guide is for you if you are a decision-maker in a finance function responsible for the company’s financing, working capital, currency policy and risks in these areas.
A course with us typically lasts two months. Based on your specific needs, we review relevant elements of your banking collaboration and benchmark them against the market. Our analysis creates transparency about your terms and prices and points out where they should be better. We take this to the negotiating table with your banking partner and other relevant players, where we can use our negotiating experience and objectivity to secure better prices and solutions for you.
Initial meeting and dialog where we get to know you, your business and your needs for a banking partnership. We then agree on the framework for our advice and which areas of your banking relationship we will advise you on.
The banking market is characterized by many hidden costs that make the total price of a bank's services higher than it appears. We review your current products, prices, terms and conditions and other aspects of your banking relationship, including for example your loan types, financing and loan structure, loan, interest and termination terms, contribution rates, currency exchange rates, covenants and collateral and other relevant information.
Based on our insights into the banking market, alternative financial solutions and market prices, we benchmark your current agreement against the market and identify your potential to optimize and save money on your solutions.
We negotiate with your banking provider and obtain other offers if necessary. With our negotiation experience and market insight, we can secure prices and solutions that are otherwise difficult to negotiate.
Through our advisory and negotiation with your banking provider, you'll achieve a better working relationship with better prices, terms and transparency. Plus, you may be able to upgrade your current setup by adding modern technology, which in some cases offers better products at a significantly lower price.
A new and better deal is struck. If desired, offers are requested from other players and NORTH provides an impartial recommendation.
Below you can read testimonials from some of the 2000+ companies that our team at NORTH Financial Procurement has helped achieve better banking solutions and prices.
“NORTH has helped us with the change of our primary bank. We have been pleased to be able to make use of their broad market knowledge to ensure a solution that is market compliant and that solves our need to get money to the world’s hot spots at short notice. At the same time, NORTH was quick to understand our specific needs and make suggestions on how to solve them. I have no doubt that the solution we have now is better than it would have been if we had not asked NORTH to assist us.” – Mette Barfod, CFO.
“NORTH challenged us on the prices in our banking agreement, claiming that they were not in line with the market. how attractive they thought we were to banks. That’s why we started a process that ended with a tender for our banking business. The result was that we achieved a good percentage saving without switching banks. Throughout the entire process, NORTH has been easily accessible and professionally competent. We have always felt that it was a good and proper process. I am convinced that we would not have achieved the same result without NORTH’s knowledge and involvement.”
– Sten Clemen Andersen, CFO.
“NORTH has acted as a trusted independent financial advisor, where they have created great value in the analysis phase as well as in the negotiations with the suppliers, due to their expertise and insight in the various financial areas. It has also been liberating to be able to ask other professional questions and get answers quickly, without it being part of the process and task. It has been a pleasant and value-creating process, and I am very satisfied with the result, which is why I am happy to recommend NORTH to other companies.”
– Simon Jarl Jacobsen, CFO.
“We have experienced that NORTH has provided the necessary expertise and has shown an ability to run an efficient process with us and our financial suppliers that has led to good results. NORTH’s contribution to the process we have been through has also been characterized by a persistent and rigorous process, solid arguments for our claims and a respectful and objective dialogue with our financial suppliers. We are very satisfied with the process and its results.”
– Kenneth Sørensen, Chief Financial Officer.
“I am very satisfied with NORTH’s impartial work. They have significantly increased insight into our costs at the bank – and optimized them significantly through a renegotiation that also included benchmarking. I can always recommend other CFOs and companies to use NORTH, who have acted professionally and properly with objective arguments throughout the process. I look forward to utilizing their expertise in the future.”
– Morten Lynge Bjørk, CFO.
“When considering a new bank, NORTH has advised on the pros and cons of switching banks. NORTH has also provided a specific assessment and recommendation of the terms, solutions and prices offered, which has been used in the bank negotiations. NORTHs advice has given us transparency – and a complete overview, which has made it easy for us to make the right decision when choosing a new bank.”
– Torben Yde, CEO.
‘”With their strong insight and competencies in the financial industry, Financial Procurement has provided impartial holistic advice that has significantly increased transparency and insight into pricing, solutions and relevant players. They have been able to negotiate satisfactory individual agreements on our behalf, resulting in better global solutions – as well as significantly improved pricing. The improvements in solutions and pricing are also much better than I had initially expected.”
– Kenneth Davids, Financial Manager and co-owner.
“We have experienced NORTH as a reassuring sparring partner who has analyzed our financial agreements with both banks and payment solutions, giving us increased insight and transparency of the opportunities in the market. It is important for the association to ensure that all suppliers always offer optimal conditions for the association, which is why we have benefited greatly from NORTH’s competencies and insight into the market. I would definitely recommend their impartial work to others.”
“Why not choose NORTH? Throughout the process, they have acted extremely professionally and have focused on uncovering our needs through the most optimal set-up. This has resulted in significant savings on our financial solutions and minimal use of internal resources. We intend to continue to use NORTH as a financial sparring partner to ensure the right set-up and competitive prices. Based on this, I would recommend NORTH!”
– Mark Wodstrup Betzer, CFO & COO.
“NORTH has reviewed our financial solutions and through their advice we have achieved better terms. The collaboration with NORTH has given us a better insight into our financial solutions and at the same time provided significant savings on the same setup. The process with NORTH has been satisfactory and we have always felt confident that NORTH treated our business partners properly and professionally.”
– Jonas Haven, Financial Manager.
“Nissens has used NORTH for advice on optimizing financial solutions, agreements and prices.”
“NORTH has exceeded my expectations – both in terms of savings, but also in terms of creating a trustworthy collaboration. My time spent in the process has been minimal, which is why NORTH has handled the process independently and efficiently; requested data, set up and analyzed – and finally negotiated better solutions and terms. It was a satisfactory and rewarding process, which is why NORTH receives my best recommendations.”
– Christian Julskov Thulesen, CFO.
“We have used NORTH to assess our financial solutions and they have given us valuable insight into the possibilities. Specifically, we have also used them on the warranty side, where we have optimized our agreements – and spread our exposure across multiple players. We believe their work is valuable, which is why I’m happy to recommend them to others with the same global exposure we have.”
– Claus Haugaard Madsen, CFO.
“As an independent bank broker, NORTH has advised Uni-tel in connection with the negotiations of a bank tender. NORTH has advised on the choice of banking products, including increased transparency around solutions and prices. This has meant that Uni-Tel has achieved the best possible solutions and prices in the market. NORTH’s analysis and assessment made it easy for us to make the right decision for the bank offering. I am very satisfied with NORTH’s work.”
– Morten Isaksen, CFO.
“The borrowing was on terms that were significantly better than we had initially expected, while all other terms and distribution of mortgage loans were also analyzed, assessed, negotiated and handled in a professional manner. In addition, other financial agreements were analyzed in depth, which secured us a significant saving that we wouldn’t have wanted to miss without compromising our relationship with our bank, which was obviously important. NORTH demonstrated clear competencies in the field, which is why we are very satisfied – and will of course use their competencies in the future.”
“With their professional approach, NORTH has given us a completely different overview and created transparency, while we have also chosen to change several parts of our cash management set-up following their recommendation. NORTH has negotiated significantly better solutions and prices for us with our existing bank – and we continue to have a constructive and positive dialog with the bank. I have used very limited resources – and I will continue to use NORTH in the future.”
– Ann Kristina Bret, CEO.
“Our meeting with NORTH has definitely been a positive experience. We must admit that we were a little skeptical about the possibility of achieving significant savings. But with their great insight into the banking world, NORTH has helped us negotiate new and significantly better terms. At the same time, it has been a very educational process for us, and we can definitely recommend NORTH as a business partner.”
– Bo Søndergaard, Chief Financial Officer.
“It is essential for us to be competitive on all parameters, which is why it is important that we have satisfactory terms and solutions with all our business partners. NORTH has assisted 3Shape with a review of our financial set-up, where we have experienced qualified and valuable independent advice.
NORTH has demonstrated a professional and objective approach with a niche knowledge of all our banking products – and has positively challenged 3Shape in areas we had not initially assessed a need. Together, we set the scope.”
“We wanted an impartial assessment of our currency flow, as well as an assessment of other terms on the daily banking transactions, which NORTH has handled satisfactorily for us. They have optimized and renegotiated the prices, which we are satisfied with – and we have only experienced them as a professional and competent sparring partner in the process.”
“We have used NORTH as an independent advisor to review our banking agreements. Their advice has been holistic, looking at both our Danish – as well as international banking agreements. We have been very satisfied with the project, where we have always felt in safe hands, we have been informed and asked questions along the way – and we are also satisfied with the final result in the form of increased transparency and concrete savings, which is why the project has been rewarding.”
– Jeannett Hvidkjær, CFO.
“NORTH’s advice has helped Phase One achieve better financial terms. We have also gained a better overview of our financial agreements and prices, including significantly increased transparency. The process has been handled satisfactorily by NORTH.”
– Martin Høy, CFO.
“At NOWACO, we are always looking to optimize on all fronts, which is why it was natural to analyze our financially oriented costs in depth and renegotiate our agreements with financial partners. NORTH has handled this in a professional manner, acting respectfully towards our business partners. We are completely satisfied with the final result, which is why we can recommend other companies to use NORTH for a similar process.”
“At Knauf, we have utilized NORTH’s expertise in assessing and benchmarking banking agreements, where their data and benchmarks have been valuable in gaining an increased insight into our total costs including the hidden ones – as well as with benchmarks on all levels. This has given us valuable insights to help us navigate even better from here in terms of our future actions towards partner banks. We therefore believe they are worth recommending to similar companies that similarly want this insight and optimization opportunity.”
“We use two different banks and had a hard time figuring out whether we had the best possible solutions and prices in the market. NORTH has advised us in this regard and helped us gain transparency – and we have achieved significant savings, which is why we are very satisfied with the process and NORTH’s advice.”
– Mette Gordon Vallentin, Finance Director.
“NORTH Financial Procurement’s advice has contributed to GUBI achieving better financial solutions and pricing. Their advice has also resulted in us achieving the necessary transparency. The process is handled professionally and efficiently from Financial Procurement’s side, which is why we are very happy with their work”.
“Banking products in large companies today are complicated and time-consuming to understand, and it can be difficult to get the full picture. We continuously use NORTH to analyze/assess our banks, which gives us the transparency, openness and benchmarking of our banking operations, ensuring a more nuanced dialog with our banks”.
Our experts have many years of experience in the financial sector and the payments market, where they have created a large number of payment and financial solutions. Read about some of the 200+ references NORTH Financial Procurement has helped achieve better solutions and prices. You can also see our team.
Fill out the form if you are interested in learning more about how we can help you achieve the optimal individual financial solution at the best price.
Contact us for a no-obligation chat about your financial solutions.
Benjamin Feldman, Partner and Director,
Financial Procurement
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