The company is a versatile food & beverage and retail chain with a very high number of restaurants and food outlets in exclusively high-traffic locations. In addition, the company operates a large number of Burger King and KFC outlets as well as SOCAR and AVIA petrol station shops.
As people increasingly pay by card, this brings the company ever higher card processing costs.
The company had a long-standing relationship with its incumbent card processor and needed to ensure that its card processing costs were in line with the market.
Through several meetings with senior representatives of the company, it became clear that SCUVERTA would provide expert support to the company in analysing card payment costs and the subsequent tender process. Through SCUVERTA, cost savings are to be realised and the acceptance solution independently screened.
What SCUVERTA did
The company's current costs were broken down granularly to the individual cost components(Interchange++) and in the process SCUVERTA found that the pricing structure and contractual arrangements were not optimal. The current costs were then compared to SCUVERTA's pricing database, where the latest market prices for card payments from all of SCUVERTA's projects are mapped.
Based on these findings from the granular cost analysis, SCUVERTA recommended the company to conduct a tender to find the most competitive solution and the most attractive offer for its card payments.
SCUVERTA prepared the professional tender documents and managed the tender process. Best offers were obtained from various established card payment solution providers.
By creating a professional competitive situation and using sophisticated methodology, the ideal provider was finally found for the company.
In several workshops held by SCUVERTA with the company and the providers, the focus was placed not only on the price for transaction processing but also on the technical integration of the payment terminals into the POS/till system and the ERP/accounting system as well as the specific reporting requirements and the detailed roll-out planning.
With our cost analysis and the professional execution of the tender, the following added values were created for the company:
- Transparency in the costs for card payments.
- Cost structure in line with the market through sustainable cost reduction.
- Updated acceptance solution.
- Conviction to use the most ideal acceptance solution at the most attractive price.