To RFP or not to RFP: Are you getting the best deal?

How often should a company use the request for proposal process to check on bank capabilities and pricing?

The request for proposal RFP process can be a complex and lengthy process, especially when going through the replies from potential banking partners. Some companies use the process as a tool to keep an eye on market prices and changes in banking capabilities, but is a frequent RFP process always healthy for a company

“We do an RFP roughly every five years,” said Jack Spitzer, assistant treasurer at Starwood Hotels and...

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