Industries

Do you have a payment strategy that meets your organization’s unique needs?

Payment processing challenges
The financial services industry, consumers and businesses alike are experiencing remarkable changes in payment processing techniques. While payment transaction volumes continue to rise, the traditional payment methods (cash, checks) are in decline.

As a result, how and where payments are captured, processed and presented into the payment stream will continue to evolve at an accelerating rate. Many financial services companies are struggling to keep pace in this rapidly evolving environment.

How we can help
The trained advisors at RSM McGladrey help you identify, create and implement a payment strategy that meets your needs. We survey and benchmark your payment and deposit operations to determine current strengths and opportunities for improvement. On site, we observe current processes for item/image clearing, assess third-party partners, and validate your hardware and software configurations.

In addition, we review your overall payment strategy and your branch deposit processes to identify alternative branch capture and clearing strategies.

Our approach provides:

• Specific recommendations for processing improvements, including action plans to assist with implementation
• An assessment of your organization’s available payment processing alternatives: in-house, correspondent, outsourced or a combined solution
• Recommendations for the evaluation and deployment of an image-archive strategy
• Recommendations to improve payment services fee income

When much of the guesswork that comes with new payment initiatives is removed, you experience the confidence to move forward. By helping you to manage your migration from paper to electronic payments, we identify and locate fee income and cost reduction opportunities. The result -- comprehensive, customized payment strategies that create competitive advantages while reducing overall operating costs.

In addition, our advisors work with specially trained bank technology professionals to assess the technology implications of a new payment initiative. This allows us to avoid subcontracting critical tasks and helps us to retain control over the consistency and quality of the services you receive.

Why RSM McGladrey
RSM McGladrey, a provider of financially focused business services to midsized companies, understands how difficult it can be to implement a new payment strategy. With this in mind, our services are designed to provide you with cost-effective and timesaving ways to meet your business objectives.

And because many of our advisors are former bankers, we have a clear understanding of your industry and are able to help identify the obstacles to your success.

At RSM McGladrey, we know you face unique challenges with payment processing techniques. We offer customized assistance that often yields exceptional value. The result can be a more efficient, better-run business.