The Association for Financial Professionals (AFP), based in Maryland, has published practical guidelines to help corporate finance practitioners write effective requests for proposals (RFPs) for global treasury services.
The document, 'Standardised RFPs for Global Treasury Services' includes questions that organisations can ask treasury services providers to help elicit and evaluate their capabilities.
Services addressed in the publication include account structure, depository and collections services, liquidity management, global funds transfer, electronic banking and information reporting, and foreign exchange. The book also provides questions to assess service providers' technical capabilities and their procedures for disaster recovery, implementation and customer service.
Additionally, the form features questions which RFP issuers can use to provide details about their own objectives, organisational structure and operations.