Shared Savings Program

This program is structured to work with our client’s entire payable platform or any section thereof. By capturing the savings generated at both the clients business and their vendors we are able to reduce costs both in the expense area as well as cost of goods.  

The program works primarily with the introduction of new vendors who agree to participate in the program. They will then share the savings we generate in their environment with our client.

The target savings amount is 20 percent of the expenses undertaken.

We initiate the program by:

1. Reviewing with the client their expenses both operational and strategic. Establish savings targets for those areas. 
    

2. Determine where we would be able to provide immediate cost savings impact through our existing vendor network and depending upon if it can be implemented quickly, the client’s vendor.
    

3. Introduce the clients to the applicable vendors and gather necessary information necessary to establish accounts with them as well as issue purchase orders.
    

4. Review with the client any vendor contracted relationships that need to be included in the program.
    

5. Commence working with any additional pre-established vendors identified by the client that they want included in the program.
    

6. Capture the savings with the vendor and have it applied towards clients payable with the vendor.