Why Work with StrategicSource
You’ve worked too hard to get anything but the best advice for your business. That is why StrategicSource has created unique approaches for businesses looking for high quality spend management results.
We pride ourselves in providing companies with quality services from relationship-oriented account managers and vast experience at our executive level. That means you will gain a highly responsive team of specialists who know your industry and your business. We listen first, and then provide an efficient approach tailored to help meet your company’s strategic and financial objectives. Our team focus is on the details of today to deliver on your vision for tomorrow. Together, we will put your business back in control of spending.
Customer Engagement Journey
The Client Engagement Journey takes businesses through a long-term, sustainable program. We evaluate more than 130 categories of spending, expense recovery and revenue enhancing opportunities to optimize and maintain expense reduction, supplier management and compliance programs – from office suppliers to financial, marketing, transportation, insurance and more.
Our Approach to Maximize Profitability
The Strategic Source approach to maximize your spending.
Our team will comb through all of your internal data to get an accurate spend visibility over a 12-month period. From there we can assess which spend categories your money goes to, who it goes to and how many redundancies may exist in your process.
We review your spending by category and discover which category can be rectified quickly, and which category will take further examination. We look at which categories need more attention and which have the most complex cost plan solutions. From there, we compare these expense categories to our annual reduction goal.
To develop a solution for each spend category, we create a financial analysis for each category based on 5 levers: Requirements, Solution, Financial, Process, and Compliance. This analysis allows us to provide improved efficiency and effectiveness, control and probability. All of which lead to a sustained cost reduction bringing an substantial benefit to your bottom line.
The execution phase is based on a process of awarding the supplier, implementing a strong communication system, proper training, reducing costs, change management, internal auditing, supplier auditing and re-training if necessary. From there, we can view the complete financial evaluation and impact.
To complete the process with maximum effectiveness, a reassessment is critical. We develop a schedule for category review. We consider all business cost saving ideas, the expiration dates of contracts, category pricing fluctuation and financial impact. Often, the high spends get reviewed more often. We analyze any necessary changes based on your business needs and develop a strategic plan for your organization’s long-term success.