Organizations often experience hidden costs caused by disparate systems, overprovisioning of services, incorrect rate plans or invoices, and a lack of internal resources to respond timely.
The Solution
Vector Advisory’s Cost and Vendor Management service offering is based on a proven methodology designed to optimize services and eliminate wasteful spend without tying up internal resources. The practice is led by an industry professional with over 25 years of vendor and cost management experience.
Our Approach
With minimal involvement from your team (typically one to two hours per cost category), we analyze critical areas of spend, identify savings by category, and manage the implementation of cost-saving measures. Some of the benefits of our approach include:
- Cashflow: Average cost savings of 15% to 36%+ which frees up cash to be used for other, more critical business priorities or it simply goes straight to the bottom line.
- Time: We take on vendor and cost management to ensure ongoing invoice accuracy and the continual alignment of our clients’ needs with vendor service offerings. This frees up time so our clients can focus on other areas of the business.
- Knowledge & Security: We continue to stay on top of technology trends and innovations, and we conduct comprehensive analysis so we can make recommendations that make sense for our clients. Our clients have the security in knowing they are continuing to get the best services and rates from their vendors.
