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Hospitality
Hospitality

Spend your resources on your guests–not on overpriced vendor bills.

Going over and above for your guests can build your reputation and your business. But paying too much for business services depletes resources that could be better invested in your clients’ experience. SIB helps you optimize and streamline all the behind-the-scenes services that keep your business running so you can stay focused on enhancing the main attraction.

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Hospitality

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.

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21-24% Average Savings Achieved

Reduce costs across multiple spend categories by enforcing vendor contract compliance, correcting billing errors, rightsizing services, and optimizing pricing structures.

All Gain – No Pain

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.

Best-in-Class Contracts

Take advantage of our 500,000+ pricing benchmarks to promote more successful vendor negotiations and secure best-in-class rates, terms, and conditions.

Visibility + Optimization

Gain insights that inform better, faster business decision-making and more confidently optimize all aspects of your business services.

Our Hospitality Clients

Our Process

  1. 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.
  2. 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.
  3. 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.
  4. 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.
  5. 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

Hospitality

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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Hospitality

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
Hospitality

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
Hospitality

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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Hospitality

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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Hospitality

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%.

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Resources and Case Studies

Hospitality
articles 3 mins read

Six Steps to a Successful Property Tax Appeal that Could Save Your Business Hundreds of Thousands Annually

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Hospitality
blog 3 mins read

Take The Waste Out Of Waste Management: 6 Keys To Optimize Waste Removal Spend

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Hospitality
blog 3 mins read

Bank Smarter: Protect Assets, Reduce Banking Fees, And Enhance Yield

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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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Hospitality