Thank you for taking the time to provide us estimates of your current expenses. We have sent you an email with a summary of your potential estimated savings, based on the data you provided.
For Using Our Savings Calculator!
It is important to note, however, that saving you money is only one benefit received by working with our team at Limitless Technology. It is likely that your company works with hundreds of different vendors, all with varying charges, contract terms & conditions and changing points of contact. This, of course, can become incredibly complex for many people in your organization. Without the proper management of these vendors’ details, you can soon find your organization at risk. Becoming non-compliant with critical processes and procedures, unaware of critical vendor risks, unable to easily access necessary documentation, crippled by poor contractual terms & conditions, and overpaying for goods and services are unhealthy for any organization.
This complexity is what led Limitless Technology to offer fully managed vendor solutions. Vendor Management Solution (VMS) is a discipline that enables businesses to not only cuts costs but also: control expenses, drive service excellence and mitigate risks. It also provides a high level of increased visibility and exponential value from their vendors. There are 2 critical components to providing an effective fully managed VMS service.
- First you must have a document management platform that contains your vendor/supplier database with every element of your relationship defined. From rate to renewal, the system needs to be set up so that it can provide notifications and escalations to your vendor management team.
- Second, you must have a team of experienced professionals that know how to conduct an effective bill audit. These are the people who can determine where there are opportunities for improvement. It is not enough to simply compare 3 different rate quotes, and choose the best cost. They need the knowledge to understand where others in the market are priced, so you can ensure your rates are not just good, but compare favorably with others businesses like yours.
Would you like to more information about our VMS Platinum solution? CLICK HERE, fill out the form, and one of our team members will reach out to you to discuss how we can work together.