Cost Reduction

Pay less for the same business services without changing vendors, operations, or service levels.

Put our 98% success rate to work for you.

Most companies have opportunities to significantly reduce what they pay for services including energy, telecom, waste management, shipping, insurance, treasury fees, and more—without changing vendors or service levels. They simply don’t have the time, people, and benchmarking data to successfully do the legwork to optimize contracts or achieve best-in-class pricing. But SIB does. We have a 98% success rate in finding savings that can add up to tens of thousands of dollars per month across all your locations. This amounts to hundreds of thousands of dollars per year and a million or more in savings over the span of your multi-year contracts. We work as your advocate to strategically reduce your costs across multiple spend categories, immediately and significantly improving your bottom line.

Reduce costs—not service levels.

Reduce business expense costs by 11-34% across multiple spend categories

Maintain and strengthen vendor relationships and service levels

Rightsize services to eliminate redundant or unneeded services

Sustain savings for the longterm

Put our cost reduction services, tools, and data to work for your business.

Our team dives deep into your contracts, conducting a thorough historical review to ensure your vendors are living up to their service promises and pricing. Chances are, they aren’t. Even when vendors honor the pricing your team has negotiated, you are likely paying taxes, surcharges, and fees you are not obligated to pay. Or you may not be receiving the full scope of services per your contract. We find every error, overbilling, and opportunity for savings to significantly reduce your costs and ensure the greatest value for your spend. Learn more >

Leveraging data from 500,000+ pricing benchmarks and deep industry expertise in each spend category, SIB negotiates with your vendors to successfully reduce your costs and establish optimized, executable service contracts at the ideal rate structures for your business, industry, and region. Because we have the comparison data to back up our requests, along with the persistence of a dedicated team, we succeed in securing concessions where individual companies typically struggle. We focus on terms and conditions along with rate optimization to ensure favorable language, adequate protection from future price increases, and ongoing value.

With so many expenses to manage, it’s extremely time consuming and challenging for companies to stay on top of service redundancies and inefficiencies or to proactively cancel obsolete services. And your vendors don’t always make the process easy. SIB puts a team of experts on the job to verify that your business is buying only what it really needs. You can eliminate unneeded services with confidence and gain peace of mind that your business is appropriately serviced without being overserviced.

Securing best-in-class rates and contracts is one thing. Sustaining them for the long-term is another. Our team provides ongoing vigilance to validate savings, prevent price creep, and take advantage of future savings opportunities as the pricing landscape evolves. With SIB on your side, your rates and terms are not just leading-edge today, they’ll remain that way throughout the span of your contract.

Meet our Cost Reduction Leadership Team

Our team is ready to become part of your team, giving you the extra dedicated resources you need to to keep your costs low and your value high.

Sean Fox

Executive Vice President

See How We Can Help You Spend Smarter 

Get started easily and quickly with a no-risk, comprehensive evaluation of your vendor transaction history and put our market intelligence and industry expertise to work.

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