Reduce 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
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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Shipping
Access better rates and transit times for small parcels and 3PL through invoice audits, contact optimization, and analytics that reduce shipping costs by 21% on average.
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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
“…SIB has industry experts in each field and individual business units with decades of knowledge into the complexities within each service category…They presented findings in a matter of weeks…which will result in a significant six figure reduction in annual expenditures.”
“SIB scrutinized our company’s vendors and service providers for overcharges and inefficiencies. SIB used their database best-in-class rates and service plans from similar companies to quickly spot opportunities to secure a better deal. This resulted in a notable reduction in administrative operating costs for payroll processing and printer/copier maintenance services.”
“Our mission is to be a quality conscious, ethical, and preferred developer, manufacturer and marketer of carbon products. Paying close attention to our recurring expenses directly affects our bottomline and helps us to fulfill this mission. SIB took the lead and did a good job of renegotiating improved terms on our waste removal contracts.”
“We turned to SIB to reduce our operating costs. They focused specifically on our utilities and telecom costs and found lines that we weren’t using and some that were not properly connected. They removed these unused services to save us money and obtained credits for our past billings for the dead phone lines. This review really paid off for us.”
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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