Press Release: Five Steps to Improving Bank Services and Finding Lost MoneyFor Immediate ReleaseContact: Joyce Ochs (609) 466-2300 E-mail:jochs@tisconsulting.comHopewell, NJ. October 25, 2004 - While CFOs and treasurers strive to run efficient financial operations, they often are unaware that their companies may be paying thousands of dollars every month in unnecessary bank fees. This is due in part to difficult-to-decipher bank reports that make errors hard to detect and in part to benign neglect by organizations that add services without evaluating their overall banking needs and do not track their banking costs. Banks now have revenues of more than $12 billion a year from non-credit services that accelerate deposits, time payments efficiently, deposit paychecks electronically into employees' accounts, and move funds from one bank to another. Fee increases for these services show no signs of slowing down, so it is critical for financial managers to take charge of their bank services and costs. Optimizing Bank Relations: Managing Costs and Services, a new book by Kenneth L. Parkinson, shows how to do it. This new book offers the only comprehensive discussion of this subject. Included in the book are "action items" for each aspect of bank relations, such as:
Financial managers who are dealing with bank services and costs for the first time will learn from his insights, new approaches, and checklists. Experienced managers can pick up many useful tips and practices from it. In writing this book, Ken Parkinson has drawn on more than 30 years of experience. His background includes many years as a financial management consultant, working with organizations of all sizes and extensive experience as a treasury manager. In addition, he is an experienced teacher. He has worked for two decades as a trainer with professional associations and as a visiting/adjunct professor of finance at the Stern School of Business at New York University. Optimizing Bank Relations: Managing Costs and Services (184 pages, $35.00; ISBN 0-9633680-8-7) is published by TIS Publishing, and can be ordered at 1-888-TIS-BOOKS or at www.tisbooks.com Author Ken Parkinson is available for interviews or for articles based on the book. Media review copies and additional materials are available on request. Contact Joyce Ochs at (609) 466-2300 or at jochs@tisbooks.com. Treasury Information Services provides consulting services focusing on financial management. Its client list includes Fortune 50 corporations, mid-size companies, financial institutions, educational institutions, and not-for-profit organizations. Treasury Information Services also publishes books for corporate financial managers under the imprint of TIS Publishing. It has two other books available: How to Prepare an RFP for Treasury Services, third edition, by Kenneth L. Parkinson and Raymond P. Ruzek and Preparing for Cash Management Certification by Kenneth L. Parkinson. |
