Certified Treasury Professional Practice Exam 2025 – All-in-One Guide to Exam Success!

The best practice when evaluating fees in a Request for Proposal (RFP) for bank services is to focus on the accurate evaluation and comparison of the proforma account analysis statements. These statements provide a detailed overview of the pricing structure, fees, discounts, and other compensation details associated with the bank's services. By carefully analyzing these documents, a treasurer can ensure they have a comprehensive understanding of the costs involved and can make informed comparisons between different financial institutions.

A thorough evaluation of the proforma account analysis statements allows for identification of hidden fees, variances in pricing structures, and the overall value offered by different banks. This process is essential for effective budgeting and can significantly impact the organization's financial health. It ensures that decisions are based on clear, quantifiable data rather than vague terms or overly generalized service descriptions.

While other considerations like flexible credit terms or the ability to customize services are important, they do not provide the concrete fiscal details necessary for a complete evaluation of bank services. This makes the comparison and analysis of the account statements a critical best practice in the RFP process for bank services.