SIB audits and negotiates with vendors every day. This experience gives us an inside view of errors and historical tendencies for overcharging. We’re often able to obtain refunds for up to five years after uncovering erroneous billing practices.
Regardless of the type and size of the negotiation challenges you may be facing, SIB can assist you in the strategic planning and execution of your business negotiations.
Some fields in which we have effectively negotiated:
SIB audits your latest vendor and contractor invoices to find savings in several critical areas:
Is your vendor upholding their end of the contract? Our vendor review specialists thoroughly check each contract for compliance and ensure you’re not spending money on any services or fees that are not part of your agreement.
Billing errors and extraneous charges
Over time, billing errors and extraneous service charges can profoundly affect your bottom line. Our experienced vendor cost reduction analysts look for billing errors and overcharges dating as far back as five years.
Using our insider knowledge of unpublished discount rates, we’re able to get you the best industry rates on vendor services.
Vendor and contractor negotiation
SIB’s fixed cost reduction analysts are uniquely equipped to handle negotiations with your current contractor or vendor. We work with vendors and contractors on a daily basis, and we also employ former leaders in the industry categories we support. We recognize the established margins in each industry, the unpublished discount rates and strategies for negotiating successfully with each type of contractor.
SIB serves as your single point of contact throughout the cost reduction process, handling all negotiations and implementation. We also monitor your bills on an ongoing basis and correct any billing errors or issues that may arise along the way.