PING, a globally recognised golf brand, undertook a strategic review of its European banking arrangements to determine whether it was paying fair and equitable rates for its banking services.
The objective:
To assess whether the company’s commercial terms were aligned with current market benchmarks and to identify any opportunities for savings.
To support this work, PING engaged BB Merchant Services for independent benchmarking and advisory support.
The outcome:
✔ Clear identification of areas where pricing exceeded fair market rates.
✔ A benchmark-based review covering multiple providers.
✔ Improved pricing through a combination of renegotiation and optional provider change.
✔ A structured and data-led process, requiring minimal internal time.
“The BB Merchant Services review and benchmark identified areas where our current pricing was above fair market price. Through a combination of working with our bankers and alternative service providers, BB Merchant Services has helped ensure that we will achieve savings moving forward.”
🗣️Ian Smith, European Finance Manager, PING Europe
BB Merchant Services provides independent benchmarking and advisory support for organisations looking to assess and optimise their banking and payment arrangements.
Our structured approach enables clients to determine whether their current commercial terms are fair, and, if not, identify clear and actionable improvements.
Most clients remain with their current provider, on improved terms. 🤝
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