SIB Helped Secure Permanent Savings Through Smarter Energy Procurement
Challenge
With energy costs increasing across the board, the client engaged SIB to validate whether rates procured through its existing broker were competitive. SIB uncovered several issues, including expired contracts converting to volatile month-to-month pricing, contractual penalties for usage deviations, and poorly timed renewals that left the organization at a disadvantage in the energy marketplace.
Approach
SIB’s Cost Control Associates team took full management of the client’s energy portfolio, conducting a deep analysis of invoices and contracts and collaborating with accounting and finance stakeholders. They executed a competitive RFP across four energy suppliers for both electricity and natural gas, modeled the financial impact of proposals, and delivered data-driven recommendations for fixed, all-in pricing agreements.
Results
in projected savings over a three-year agreements portfolio
- Electricity savings of 8–26% across multiple suppliers
- Natural gas savings of 15–41% through optimized supplier contracts
- Multi-year fixed pricing that mitigates exposure to market volatility
These results highlight SIB’s ability to generate measurable financial impact in complex utility cost environments — reducing spend while locking in predictable pricing
CFO Takeaway
With SpendBrain, organizations build a permanent spend advantage by transforming fragmented vendor and invoice data into cost intelligence that drives EBITDA.
Smmary
Restaurant / Multi-Site Operator
A restaurant operator with 40 sit-down dining locations seeking to control rising electricity and natural gas costs.
Existing energy contracts were outdated, poorly structured, or left the client exposed to volatile pricing without best-in-market rates.
SIB’s Cost Control Associates Energy Procurement team analyzed current energy contracts, engaged multiple suppliers through an RFP, and negotiated fixed-price agreements — with ongoing oversight via SpendBrain™.
$700,000+ in savings over three years through optimized energy pricing across electricity and natural gas.
Where traditional audits end, SpendBrain begins
SpendBrain™, SIB’s AI-powered financial intelligence platform, continuously analyzes expense categories, including property tax, utilities, and vendor payments.
By layering this technology over SIB’s hands-on expertise, our clients gain a permanent safeguard against overspend, plus predictive visibility into future cost risk.
What this means for CFOs:
- Automated monitoring flags anomalies and valuation shifts in real time
- Predictive insights help finance leaders budget and forecast more accurately
- Portfolio-level intelligence connects tax savings to broader spend optimization strategies
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