SIB Explained
Who is SIB? What do we do? How do you win when you work with us?
Watch this brief video to learn more about our approach to cost reduction and contract compliance. We work behind the scenes to reduce expenses on your behalf without changing vendors or disrupting your day-to-day operations. Getting started is easy and quick. You’ll wonder why you didn’t start sooner.
Significantly reduce costs without changing service levels, vendors, or operations.
Most companies lack the time, technology, or internal resources to vigilantly monitor hundreds of complex bills and contracts for savings opportunities across a multitude of spend categories. But SIB does.
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Put our team to work for you.
Most companies have opportunities to significantly reduce what they pay service providers 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 with SIB’s expense reduction services, we can make it happen.
We consistently find cost 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
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 implement cost reduction strategy 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 service providers and vendors don’t always make the process easy. SIB puts a team of expense reduction analysts 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 of expense reduction analysts provides ongoing vigilance to validate cost 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.
Resources and Case Studies
Water Retailer Saves $1.6 Million in Treasury Fee Optimization and Waste Cost Reduction
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Meet our Team of Cost Reduction Strategy Experts
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
Brandon Sisson
Vice President of Sales and Energy Services
Scott Johnson
Vice President, Technology & InnovationSee 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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