A winning smile: Bank fee savings fund a treasury transformation

The challenge 

A leading dental support organization’s banking footprint had grown to dozens of banks. Its treasury infrastructure had not kept pace.

Cash information was spread across bank portals, and the team relied heavily on manual processes to collect balances, classify transactions, and reconcile daily activity. Without a treasury management system, the organization lacked a central place to manage core treasury operations.

The fragmented setup also affected accounting. Bank statement integrations into SAP S/4HANA and BlackLine involved redundant connections and manual workarounds, creating extra effort for treasury and finance.

Bank fees presented another challenge. The organization was paying significant charges across multiple institutions but lacked a systematic way to aggregate total fees by bank, compare contracted prices to actual pricing, review service volumes, or identify redundant services.

The company needed a treasury platform, but technology alone would not solve the problem. It also needed stronger bank account governance and a reenvisioned bank connectivity strategy across the organization’s finance systems.

The approach 

Clearsulting recommended a phased Kyriba implementation to address these pain points, allowing the organization to build a strong foundation while delivering practical improvements along the way.

We established connectivity from Kyriba to over two dozen banks to automate prior-day bank statement reporting. Once live with this new connectivity foundation, Clearsulting then connected Kyriba with SAP S/4HANA and BlackLine. Bank statements could flow from a central source into downstream finance systems, reducing duplicate connectivity and removing manual reconciliation workarounds.

Beyond connectivity, Treasury gained a robust tool to consistently classify bank transactions, automate daily cash positioning, and provide a foundation for custom liquidity reporting. Treasury also strengthened bank account governance by centralizing information about account signers, authorities, and beneficial ownership.

To address bank fees, Clearsulting implemented Kyriba’s bank fee analysis module, leveraging the bank connectivity to compare contracted service prices with actual charges, and Clearsulting’s proprietary bank fee analysis dashboard that enhances Kyriba’s fee module to visualize monthly fee trends, service volumes, and earnings credit rates using industry standardized service classifications.

The technology was paired with hands-on advisory. Clearsulting reviewed the data and recommended specific opportunities to eliminate redundant services, correct volumes, and improve pricing.

The results 

The program changed the day-to-day work of treasury and the economics of the company’s bank relationships.

• $674,000 in implemented bank fee recommendations generating recurring savings
• An additional $263,000 in opportunities under review by the banks
• Automated prior-day reporting across a significant banking footprint
• Automated bank statement integrations into SAP S/4HANA and BlackLine
• Centralized tracking of account signers, authorities, and beneficial owners
• Embedded a structured monthly due diligence program to review banking fees and uncover savings

With cash information in one place, treasury gained a clearer view of liquidity and reduced its reliance on individual bank portals. Accounting received more timely and robust data, and the organization established a repeatable process for reviewing bank charges.

Clearsulting led the work across the full treasury landscape — from bank connectivity and cash positioning to accounting integrations, governance, and fee advisory. Addressing those areas together allowed the organization to solve immediate operational problems while building a platform that can support continued growth.

Bring a complex banking footprint under control

A growing number of bank relationships can quickly create more portals, more manual reconciliations, less visibility, and significant fees. Clearsulting helps organizations bring those activities together through a practical combination of treasury technology, integration, and advisory support.

Connect with our team today to explore how Kyriba, BlackLine, and bank fee advisory can simplify your daily operations and uncover recurring savings.