Past Savings

Bill Analysis

1.

Meet with client for a solid understanding of needs and concerns.

2.

Identify the areas where pricing or quality could improve.

3.

Collect your most current month’s invoices for each expense.

4.

Obtain additional account detail from each vendor.

5.

Go back up to 36 months and audit vendors to identify possible invoice errors and over billings.

1.

Identify all areas where past savings can be realized.

2.

Meet with all vendors on your behalf to secure refunds and credits for past billing errors.

3.

Get refund issued in form of a credit, check, or reduced rate moving forward.

1.

Perform a thorough rate analysis of vendors specific to your industry.

2.

Determine how competitive your current pricing is.

3.

Obtain bids from possible alternate suppliers pre-screened as being both reputable and competitive.

4.

Interview suppliers to determine what steps they take to keep client costs at a minimum.

5.

Establish unified purchasing for greater buying power.

6.

Consider the use of alternate products that would meet the same needs with greater efficiency.

7.

Consider streamlining processes for greater efficiency.

8.

Provide a report detailing the entire rate analysis process.

1.

Formal presentation of the expense reduction process, savings recommendations, and points of interest.

2.

Implementation of savings recommendations.

3.

Work with current vendors and / or alternate suppliers to establish possible new service.

4.

Educate your staff when there are changes to service.

5.

Provide free training if new procedures and policies are to be implemented.

6.

Communicate with your staff on a regular basis to ensure the quality of service consistently meets expectations.

7.

Monitor your monthly invoices.

8.

Seek out additional savings opportunities on an ongoing basis.