What does CBI say to CFO’s who claim they have bigger fish to fry than chasing borrowing cost and bank fee savings?
Executives who think this way are using the wrong yardstick. Benchmarking zero bases your fee structure. Cost savings that result from this exercise offer a multiyear return. $25,000 in annual cost savings may not be an annuity, but its close. CB Intelligence estimates that bank cost savings have a 5x multiplier effect on shareholder value. A $25,000 cost saving opportunity that yields a $125,000 shareholder value increase is an opportunity that doesn’t come along every day.
