Focus on hotel guest experience and allow SIB to tackle troublesome spend areas.
The talents of general managers are best put toward guest experience and running day-to-day operations. SIB has the data, time, and experience, to reduce the rising cost of services without changing existing vendors or service levels.
Download Info SheetReduce costs across multiple spend categories by enforcing vendor contract compliance, correcting billing errors, rightsizing services, and optimizing pricing structures.
Save money and reduce complexity without changing vendors, service levels, or operational processes. Our self-funded services means we only share in the savings we unlock.
Take advantage of our 500,000+ pricing benchmarks to promote more successful vendor negotiations and secure best-in-class rates, terms, and conditions.
Gain insights that inform better, faster business decision-making and more confidently optimize all aspects of your business services.
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Our Process
- Review Vendor Spend
We look at 12 months of expenses across all categories from your general ledger to give you the big picture view of your spend and identify high-potential savings areas. - Define the Scope and Roadmap
Decide which expenses you want to tackle first. We meet with internal stakeholders in each expense category to gather additional details and data and obtain authorization letters permitting us to work directly with your vendors. - Analyze, Negotiate, and Present the Opportunity
We thoroughly audit your spend, invoices, and contract terms and conditions, uncovering every area for savings and optimization with existing vendors and services. Upon request, we can also look at sourcing alternate vendors. You review the full scope of opportunities and decide which to approve and implement. - Implement Savings Strategies
We put new contracts and rates into effect and provide your internal teams with documentation of all new pricing agreements, terms, and conditions. When you save, we share a portion of the savings, so there are no upfront costs and no risks to you. - Validate Savings and Ensure Compliance
We partner with you throughout the scope of your new contracts and service agreements to keep vendors in compliance, validate savings, and ensure you are receiving all negotiated services. We proactively look for new or additional savings opportunities to ensure best-in-market rates for the long term.
Spend Areas We Help
Utilities
Power up your business and bottom line with an average of 11% savings on electricity, natural gas, water, and propane, more reliable service, and reduced billing errors.
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Waste + Recycling
Save an average of 31% on solid waste, medical waste, compost, and recycling costs while improving ESG compliance through better program design, pricing, and management.
Waste + Recycling
Treasury Fees
Secure best-in-class pricing to reduce bank fees and merchant services by 27-34% while reducing risk and preserving existing banking relationships.
Treasury Fees + Merchant Services
Telecom
Reduce telecom expenses by an average of 28% with a rightsized network, competitive market rates and terms, and a proactive approach to eliminating common billing errors.
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Payroll Processing
Optimize your payroll processing solution to simplify and better meet your company’s human capital management needs while saving an average of 24%.
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Linen, Laundry, and Uniforms
Secure and validate the best prices and terms to improve your current service levels while reducing your linen, laundry, and uniform costs by an average of 26%.
Learn MoreSee what our clients say
“We were impressed by SIB’s meticulous process and the breadth of recommendations with savings in no fewer than eight different spend categories…SIB is perfectly suited to the hotel business and assorted vendor costs common to our industry.”
“SIB reviewed our monthly recurring costs, standardized services, and negotiated lower rates for waste removal, telecom, security systems, and maintenance contracts. They even secured significant funds from two class action settlements that spanned our portfolio.”
“SIB audited our NY and Miami locations…They identified billing errors and negotiated lower rates for our vendor services for telecom and pest control. We gladly recommend SIB to other hospitality groups.”
Resources and Case Studies
Take Control of Your Spend Today
Ready to reduce your costs across your top spend categories? Get started with a no risk, comprehensive evaluation of your vendor transaction history and put our market intelligence and industry expertise to work to spend smarter and improve your bottom line.
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