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.
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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.
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Property Taxes
Know your portfolio's real worth and ensure fair and accurate tax bills with access to data and expertise that can cut your property taxes by an average of 8%.
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Telecom
Reduce telecom expenses by an average of 28% with a right sized network, competitive market rates and terms, and a proactive approach to eliminating common billing errors.
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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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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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See What Our Clients Say
Owner of 160 Quick Serve Restaurants including Burger King, Jimmy John’s, KFC, and IHOP
“It made more sense to outsource expertise to SIB so that we could focus on our investments, growing the company, and driving EBITDA while they (SIB) secured long-term saving improvements for us in the expense categories with inefficiencies.”
“…SIB found thousands of savings by reducing our banking fees…They were easy to work with and they respected our preference to retain services with our current vendors…We will recommend them to other quick serve restaurant franchisees in the future.”
“We learned about SIB through the Hardee’s Franchisee Association. We are very selective about whom we work with and we were determined not to make major changes just for the sake of saving money. SIB understood and pursued very measured, sensible recommendations that would serve our operational service needs entirely…their services are a great fit for the QSR (quick serve restaurant) industry.”
Resources and Case Studies
SIB Helps MBN Brands Reduces Waste, Telecom, and Bank Fees; Enables Operator to Focus on Growth While Driving EBITDA
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Pizza Hut Franchisee Saves $172,000 for Phone, Internet, Propane, Waste Removal, and Bank Fees
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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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