SIB Fixed Cost Reduction

by SIB Fixed Cost Reduction

Reduce monthly expenses

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Expense Reduction Services

Growing businesses depend on outside vendors for a variety of regularly billed services that allow operations to run smoothly. Waste removal, electricity, telecom and internet, treasury, uniforms and laundry, and other services are critical to your business’ success. But costs add up over time, and it can be hard to keep track of contract details, invoice errors, service discrepancies, and other issues across an entire organization, especially if you have multiple facilities and worksites.

98% of our clients pay too much for overhead services

  • Your accounts payable team does their best to track costs and meet payment deadlines, but they are not industry experts for each of the spend categories in your overall budget. Many providers increase costs, rates, and counts without notifying you.

No upfront costs

  • We can usually cut your costs by as much as 20-40%, with no change to your services or vendors. We do it on a contingency basis, so there is no financial risk for you. You simply agree to pay us a percentage of your savings over a fixed period of time. If we find nothing, you pay nothing.

Bill Pay & Data Management

Preserve liquidity while saving time and money when you work with SIB to process and pay your bills for you. Free up your accounts payable staff to do other things and know you are paying the best rates and error-free bills. Enjoy the benefits of an online database of all your billing information and usage along with reporting features that help you better manage your overall business. As a top-rated consultant for expense management services, SIB offers the additional solutions you need to succeed. We value your best interests because we operate independently of providers and equipment installers.

Free Up Manpower with our Processing and Payment Services

  • For multi-site organizations, our bill management solution centralizes and streamlines invoice processing for electricity, gas, waste removal, telecom, and other regularly billed services. We scan invoices and data-enter cost and usage information into a customized database that you can use to oversee and report on your operations. We will code bills to proper departments, divisions, and other cost centers per your request as well as pay your vendors accurately and on time. You enjoy 24/7 access to your database via a web portal that allows you to manage your invoice data, generate standard or customized reports and take advantage of the tools you need for budgeting and forecasting.
  • Improve cash flow with payment scheduling (never again pay too early or too late)
  • Avoid late fees and prevent shut-offs
  • Reduce or eliminate deposits
  • Eradicate errors or duplicate payments
  • Enjoy a single point of contact with a live person and no automated phone menus

Worry Free Open and Close Account Management

  • If your organization opens and closes locations frequently, you are familiar with the manhours lost to making calls to utility suppliers and long hold times. When you do reach a live person, you don’t always get accurate information or may be sent on a paper chase for required forms.
  • We ensure you get the most beneficial rate schedule, uncover applicable rate and service discounts, and verify your first invoice and any credits or refunds due. Our utility experts find the best rates, negotiate deposits and ensure your services are turned on and off according to your schedule.

Class Action Funds Recovery & Monitoring

Want to file a claim against a class action lawsuit but dread the paperwork? Our class-action settlement experts relieve the burden of filing claims, tracking deadlines, and monitoring progress. SIB provides our clients with a full, turn-key solution to file claims in settled cases. The following cases are currently open.

When you let SIB handle your class action claim, we will:

  • Thoroughly review the court’s Plan of Allocation to determine the best method to file a claim
  • Gather the necessary documentation needed to file a claim effectively. When documentation is unavailable or impractical to obtain, they will develop alternative methods to satisfy the documentation requirements, even if they have to compile and analyze relevant records to determine claim amounts.
  • Customize, prepare, and submit claims on your behalf
  • Manage the claim throughout the administration process
  • Address any questions or concerns presented by the claims administrators
  • Provide transparency through regular updates during the recovery process
  • Audit payments to our clients to assure payouts are fair and accurate