The Vendor Management Process Defined

Reducing costs with lower price points and lower spend is no longer enough to give your vendor management team, and your entire organization, a serious competitive advantage. Effective development and maintenance of vendor relationships with your supply base is essential.

The vendor management process helps you achieve your organizational goals by:

• Evaluating supplier capabilities, including terms, pricing, and overall quality of your procured services
• Negotiation of contract terms and conditions
• Managing vendor relationships, and ongoing monitoring of invoices and performing regularly scheduled bill audits.

Why Vendor Management Matters

Vendor management is the system your company uses to interface with external suppliers. The capabilities, reliability, and affordability of each vendor can have a substantial impact on your company’s bottom line.

Vendor relationship management (VRM) is essentially risk management, and an essential business process for every organization. 

Vendor Performance Reviews

Whether they’ve been with you for years or are brand new to your company, vendors require regular performance reviews. The metrics established by your VRM team and your vendor contracts will provide you with the guidelines you need to determine how much value a particular supplier is providing.

A few metrics you might use as benchmarks when evaluating vendors include:

• Mutually-agreed-upon performance targets, e.g. volume of goods, server uptime, shipping delays, etc.
• Contract compliance
• In-house satisfaction, including vendor relationships with key team members
• Vendor risk based on company goals, market performance, and social and financial presence

Using these metrics, you can quickly and reliably identify your “problem children” among your vendors and address any unusual changes or ongoing problems. You’ll also have a jumping-off point for relationship improvement (as needed), and head off disasters before they can damage or even destroy a mutually beneficial relationship.

Continuous Improvement of Vendor Management Process

One important thing to remember about Vendor Management is that it is not static.  It is an ongoing process that can always be improved.  It is imperative that your company identify these opportunities for improvement and develop a strategic and tactical plan to implement them.  Some of the areas to focus on are:

• Cost Analysis & Metrics
• RFP Management
• Contract Review Procedures
• Bill Audit and Invoice Reviews

Who says relationships have to be hard? With the right team, a strong strategy, and a solid vendor management policy, you can reduce risk, streamline your supply chain, and provide powerful support to your company’s goals—today, and in the future.

Take control of your vendor management process, and build value along with strong relationships.

About Limitless Technology

Limitless Technology, LLC has been managing complex indirect spend and vendor documentation since 2006 for some of the largest companies in the USA saving them millions in costs.

Through our Billing Optimization and Vendor Management Solutions proprietary platforms we utilize technology, processes, expertise, time, and resources to improve our client’s bottom-line.

Limitless Technology manages your vendors, so you can manage and grow your business.

For Additional Information Contact us at:

Phone:             407.330.4466

Website:          LimitlessTechnology.com

Business expansion and increasing regulatory scrutiny of vendor relationships are a few factors placing a heightened focus on vendor risk management within an organization. Not all vendor relationships are created equal. Using risk as a factor in your vendor management strategy requires a company to categorize their suppliers based on internal criteria, and then perform an appropriate level of ongoing oversight based on the determined level of risk. While the specific areas of concern may vary across companies, there are three types of risk that are common to almost all businesses.

Operational Risk
Operational risk is the risk that a company may experience if a major issue arises with your organization if a vendor’s process or system fails. This risk aligns directly with your reliance on a vendor, and is typically greater with vendors that provide services such as outsourcing, IT systems and data.

There are two good ways to mitigate operational risk: 1) perform periodic on-site audits and/or business reviews, and 2) create a back-up plan should you experience a failure with a high-risk vendor. These two risk-mitigation techniques are directly related, and should be implemented across the board, but especially for business-critical vendors.

Financial Risk
Financial risk is the risk that your organization is negatively impacted financially due to a vendor relationship.

Unmanaged costs tend to get the most attention. Most businesses have become focused on requesting competitive bids and negotiating terms. Often, those contracts were signed without knowledge of market conditions and rates (see our post about Optimizing Vendor Contracts).  Negotiating a good price has little to do with managing costs, which comes from enforcing contract compliance and performing periodic cost and contractual audits. It’s the work done after the vendor contract is signed that mitigates the risk of excessive unmanaged costs.

Regulatory Compliance Risk
Regulatory compliance risk is the risk that a supplier or vendor will violate a law or a regulation that your organization has placed on them as a prerequisit for doing business with you.

This is becoming an increasingly important issue.  For example, nonprofit organizations like health plans, healthcare systems and credit unions, are heavily regulated by Federal agencies. In many cases certain regulations pass through you to your vendors.

If you’re in this situation, you’ll want to ensure your risk management procedures enable you to analyze how well your vendors are complying with the required laws and regulations.  Regularly scheduling a review of their practices to determine whether your vendors are aware of both new and existing regulations, and they have policies and procedures in place to implement them. Data privacy is of specific interest to regulators making it important to ensure compliance with laws, regulations and best practices proposed by the regulatory bodies.

There’s no shortage of risks when it comes to your vendors.  The key is to carefully assess risk so you can properly categorize and manage your most important and riskiest vendors. The last thing any company needs is to be held responsible for something their vendor did, because they did not manage the risk effectively as part of their vendor management process.

About Limitless Technology
Limitless Technology, LLC has been managing complex indirect spend and vendor documentation since 2006 for some of the largest companies in the USA saving them millions in costs.

Through our Billing Optimization and Vendor Management Solutions proprietary platforms we utilize technology, processes, expertise, time, and resources to improve our client’s bottom-line.

Limitless Technology manages your vendors, so you can manage and grow your business.

For Additional Information Contact us at:

Phone:             407.330.4466

Website:          LimitlessTechnology.com

Vendor Management organizations use a set of criteria to determine whether or not the spend with a particular supplier should be governed by a contract. Not all spend needs to be categorized this way.   In some cases, a purchase may be conducted outside the standard contracting process to save time.  In other cases, a contract may have not been designed to address a unique purchasing requirement.

Whether the intent was to address supplier growth, to meet a unique need, or to circumvent an established process, a significant portion of your indirect expenses may not be covered by a contract. Even if a contract existed, would you know? Could you find it? Procurement managers who can’t find missing contracts are at a significant disadvantage.

• When it comes time to renew agreements, they are in a weaker negotiating position.
• Purchases made outside of a contract can expose their company to risk.
• Bringing more spend under strategic management is impossible.

Making Spend Under Contract a key metric, presents a real opportunity for organizations to take control of their sourcing. Contract-centric sourcing is the new paradigm that enables vendor management organizations to both accelerate their buying processes, improve compliance, and reduce risk.  It also allows you to make contract compliance the third pillar by which vendors are evaluated alongside technical and commercial capabilities.   Introducing contracts at the very beginning of the sourcing process, businesses can better ensure compliance with buying standards, and accelerate sourcing evaluations.  Integrating the contracts with a document management system also provides visibility into past contract performance data. This in turn enables enterprises to create a category strategy that will deliver the most long-term benefits to the company.

The key to remember is that contracts are not bad to have, bad contracts are bad to have.

About Limitless Technology

Limitless Technology, LLC has been managing complex indirect spend and vendor documentation since 2006 for some of the largest companies in the USA saving them millions in costs.

Through our Billing Optimization and Vendor Management Solutions proprietary platforms we utilize technology, processes, expertise, time, and resources to improve our client’s bottom-line.

Limitless Technology manages your vendors, so you can manage and grow your business.

For Additional Information Contact us at:

Phone:             407.330.4466

As a company that provides this type of service, our team at Limitless Technology hears a great variety of reasons.  All of them are rooted in a few key areas:

• Organizations believe they already have a team that is responsible for this function. 

• The support required by the organization in an audit is going to put a drain on our resources.

• The misperception that a contingency based audit means you get “something for nothing”. 

• Expectations that the cost to address areas of opportunity will exceed the benefit

The fact is that a contingency based, no risk audit is not a promotional offer.  It is a business model that can be mutually beneficial to both the auditing company and the client.  It is important, however, that you evaluate this type of relationship.  It is our belief that this type of audit is the foundation for building a partnership that will last well into the future.  

• Our team and your team work together

We respect that every company and organization has the potential to audit their billings, re-negotiate their own vendor contracts and get some form of respectable savings.  Our goal is to produce maximum results by applying superior vendor management expertise, document management technology and using benchmark analytics that most companies would rarely be able to acquire on their own.  We have been successfully negotiating for companies who could have chosen to do it themselves.  We employ former vendor service negotiators and high level professionals, which are experienced in working with some of the largest and most well-managed companies in the world

• We are an extension of your team, and we do the heavy lifting

After a few meetings, with your team providing the supporting documentation needed to perform the audit, We do our best to limit any disruption to your business work flows, as we will negotiate on your behalf, to allow your team to stay focused on day to day management of your operations. WE FIND, FIX, FOLLOW-UP, and FINISH the tasks to make sure that it gets done and is done right. This is AN ENORMOUS TIMESAVER for your organization. We literally become a virtual extension of your employee base at no cost, because we write our checks from the savings, we obtain for you.

• Lack of trust

Trust is earned.  Our company has nearly 40 years of experience, and more than over 15 years providing Vendor Management Solutions and Cost Reduction Services.  Our clients have realized millions of dollars in savings as a result of our ongoing partnerships.  

It is the savings over time that is our greatest asset.  The clients that have been with us for the longest time, have realized the most benefit to their bottom line. 

• Misperception of “Something for Nothing”.

A shared savings Bill Audit is not something for nothing.  It is no risk service, that yields lower risk, identifies areas for processes to be improved, and provides improvement to your bottom line.  We do ask for an upfront shared savings advance to start the process. However, we provide a 110% money back guaranteeagainst that deposit.  This upfront fee provides a small amount of operating revenue and allows us to invest the upfront time and effort necessary to fully database the critical details that are so often missed in vendor billings and contracts. to accurately. 

Our long term goal is to provide Vendor Management Solutions which further cuts costs and produces bottom-line savings in your largest areas of complex indirect expenses. For your peace of mind, we don’t look to change service providers unless it is in your absolute best interest, and you agree with our recommendations.  These recommendations are the foundation of the contingency based, no risk audit. 

• Concern of unknown expenditure

The shared savings advance that we request from our clients is based on our understanding of the effort required to review your company’s spend and processes, look at your contracts, and identify areas of opportunity.  We collect this advance because we have real costs with internal employees, associated with the level of expertise, work and due diligence placed into every bill audit we perform. 

The bottom line is that we must PROVE the savings to be paid and – our Clients RECIEVE the refund, credit, or go forward savings before we invoice for our services.

About Limitless Technology

Limitless Technology, LLC has been managing complex indirect spend and vendor documentation since 2006 for some of the largest companies in the USA saving them millions in costs.

Through our Billing Optimization and Vendor Management Solutions proprietary platforms we utilize technology, processes, expertise, time, and resources to improve our client’s bottom-line.

Limitless Technology manages your vendors, so you can manage and grow your business.

For Additional Information Contact us at:

Phone:             407.330.4466Website:          LimitlessTechnology.com

Gaining visibility to the right information, in the right format, is the first step in the spend analysis process.  Using that information in a comparative method, using industry and market knowledge, is referred to as Benchmark Analytics.  This is the precursor to identifying procurement savings, contract optimization, and vendor management process improvement for your organization.

Spend with contracted vendors

Spend with contracted vendors is a key statistic, as every dollar spent is important, and savings opportunities can be missed through off-contract purchases. Developing contractual relationships with suppliers can result in more competitive prices and improved payment terms. Bringing spend under contract reduces the number of suppliers, cutting administration overhead and concentrating purchases with contracted vendors. This, in turn, increases buying power and helps to create a culture of compliant purchasing within the organization. Tracking this percentage over time enables you to see if spend under contract is improving profitability.

Organizing your expenses by industry category

Categorization by industry is an important part of the spend analysis process. Internal account codes can
be used for analysis, but this is dependent on the quality and completeness of coding within the document management system. Often, purchases can be categorized incorrectly, inconsistently, or be missing entirely. If you consistently allocate vendors to meaningful categories, an overview of spend, suppliers and transactions makes it possible to identify outliers.  This provides the basis for further investigation.

Classify spend by business type and location

Another key piece of data to understand is what type of suppliers your organization works with, and where they are located. Again, this is data that can be hard to collate.  Creating a vocabulary of terms which are commonly used among your vendor management team, and are similar to what others in your industry use can be challenging. For example, if you have a requirement to have a certain percent of your business from “green” sources, how do you determine what “green”? How close to your business does a vendor need to be, in order to be considered “local”?

Accurate, up-to-date, consistently defined data can help in dealing with calls to increase spend with these businesses.  Having this data aids in demonstrating compliance with statutory or institutional policy, and policy making decisions such as implementing preferential spend initiatives. For example, you can start a debate about what is the right level of local vendors are right for your organization. There are both costs and benefits in supporting these businesses as they may not be as competitive on price as larger national suppliers, however they may offer better terms, local support, faster delivery and intangible benefits, such as contributing to the overall ethical position of your business.

Realize that your company data is probably not the same as the next guy

It is important to understand that accessing your business information is only step 1 in the process.  Your vendors, and their competitors, are serving many companies just like yours, and more importantly different than yours.  Believe it or not rates, terms and conditions can vary greatly from industry to industry and of course by size of business. How do you know your rates, terms, and conditions are the best they can be?  Unless you have an expert on your team that is familiar with every category, every industry and every potential vendor, you won’t.  This the final piece to the benchmark analytics puzzle…having the system, and the knowledge to compare those criticalities, and make sure your company is positioned to profit from gaps that are identified.

Data is a requirement for any business to survive, but the ability to analyze data and take action is critical if it is going to thrive. Using the right benchmark analytics, you can build a vendor management process, and systematically improve the overall profitability of your organization for the longer term.

About Limitless Technology

Limitless Technology, LLC has been managing complex indirect spend and vendor documentation since 2006 for some of the largest companies in the USA saving them millions in costs.

Through our Billing Optimization and Vendor Management Solutions proprietary platforms we utilize technology, processes, expertise, time, and resources to improve our client’s bottom-line.

Limitless Technology manages your vendors, so you can manage and grow your business.

For Additional Information Contact us at:

Form:              Contact Form

Phone:             407.330.4466

Website:          LimitlessTechnology.com

Contract procurement begins with procedures followed by a business when purchasing services or products. The process starts when company managers identify a business need that must be fulfilled and ends when the contract is awarded and signed.

Contract optimization is the process of systematically and efficiently managing contract creation, execution, and analysis to maximize operational and financial performance and minimize risk. Unfortunately, many businesses lack the processes or systems required to optimally manage customer or supplier contracts.

Real improvement to your bottom line requires a focus on both areas, and methodically looks at three important parts of the system: processes, workflows, and technology. Together, these elements create a system that enables your vendor management team to standardize your approach, and organize contract management tasks.  It enables teams to use centrally-located contracts, templates, and standardized clauses efficiently. An optimized contract management system improves coordination, collaboration, and communication among team members.

Processes and Workflows

What’s the difference between a process and a workflow?  How do they work together?

• A process lays out a group of activities or tasks to be performed to accomplish an objective. It typically includes a defined start and completion.
• Workflows, however, describe the movement of these tasks throughout the entire process. They look at how the tasks are structured, related, ordered, synchronized, and tracked, and who is responsible for completion of them.

The more comprehensive the process and the more streamlined the workflow, the better they work together to create an effective contract management system.

Automation and Technology Improves Efficiency 

Streamlined workflows create efficiency. However, using document management technology to automate that workflow improves efficiency across your organization, and throughout your contract lifecycle. Creating a functional digital workflow with escalations and notifications from a document management system enables an organization to:

• Automate administrative and other simple tasks, allowing team members to perform strategic activities,
• Speed the content creation and approval processes,
• Synchronize data between departments to increase visibility across the contract lifecycle, and
• Proactively track and manage performance requirements and facilitate service levels with speed and precision.

Designing a contract management process that includes a document management system is the key to optimizing contract procurement (starting from scratch) and contract optimization (done periodically throughout the contract).  This systemic approach to managing vendor contracts will streamline the entire process, improve efficiency, and provide improvement to your bottom line.

About Limitless Technology

Limitless Technology, LLC has been managing complex indirect spend and vendor documentation since 2006 for some of the largest companies in the USA saving them millions in costs.

Through our Billing Optimization and Vendor Management Solutions proprietary platforms we utilize technology, processes, expertise, time, and resources to improve our client’s bottom-line.

Limitless Technology manages your vendors, so you can manage and grow your business.

For Additional Information Contact us at:
Phone: 407.330.4466
Website:          LimitlessTechnology.com

When looking for a quality DM platform, there are some important things to look for.

Document Security

Document security is vital to any enterprise.  Access to documents can be controlled for different groups or individuals.  DM’s also create an audit trail of who has viewed a document, when it was accessed, and how it may have been edited. Managed documents are highly traceable and can be tagged to allow for automated alerts.

Improved Regulatory Compliance

Compliance requirements for certain documents can be extremely complex. Non-conformance can lead to fines, revoked licenses, possibly even criminal liability. Federal and state regulations often mandate strict security and privacy. A document management platform reduces the risk of non-compliance. Records retention schedules, for example, can be automated, and new documents can be more easily classified and stored.

Easier Retrieval

Searching for and retrieving documents can be very time consuming – and we all know time is money.  A document management solution, especially a cloud-based platform, can be a powerful, time-saving tool. Your organization can retrieve files using text search, or you can apply index categories to a document or folder.  As long as there is an internet connection, documents can be accessed from virtually anywhere.

Escalations and Notifications

Quite possibly this is the greatest benefit of a DM platform.  Having a 3^rd party system that is properly set up to notify your vendor management team of upcoming criticalities and escalate areas of non-compliance will reduce risk significantly.  Manually tracking important deliverables and upcoming contract expirations is a virtual impossibility in today’s business environment.  Keeping your organization from being exposed to unnecessary costs and risks will benefit the company and improve your bottom-line.

Better Backup and Disaster Recovery

Any document management solution should include a data backup and disaster recovery plan.  Using a cloud based technology of electronic documents, avoids physical documents from being damaged from fire and flood and other disasters. Also, because imaged documents are centrally stored they cannot be lost or misplaced after viewing. Documents are less likely to be misfiled, and if they are “relocated” accidentally, they are easier to locate with cross-indexing.

Whether your business manages your business documents in-house, or works with an independent 3^rd party, your company will reduce costs, improve efficiencies & mitigate risks by implementing a good document management platform.  You can be certain of that.

About Limitless Technology

Limitless Technology, LLC has been managing complex indirect spend and vendor documentation since 2006 for some of the largest companies in the USA saving them millions in costs.

Through our Billing Optimization and Vendor Management Solutions proprietary platforms we utilize technology, processes, expertise, time, and resources to improve our client’s bottom-line.

Limitless Technology manages your vendors, so you can manage and grow your business.

For Additional Information Contact us at:

Phone:         407.330.4466

Website:       LimitlessTechnology.com

Here is a simple cost increase example.  A new employee in a different department is expected to start on May 10 and will require a company provided mobile device.  The week prior to that, a customer service manager that has a company provided mobile phone for off-hour access is scheduled to retire.  That phone and line are available to be redeployed under your current contract, right?  It could be, but with a catch.  It all depends on your contract terms and current plan on the line.  Simply adding or changing the person may cause charges to be added to your bill.  The current plan on the line might not be sized correctly for the voice minutes, number of text and/or data requirements for the new user.  The only way to know if the lines and account are properly justified is by reviewing your invoices periodically, to make sure vendors are maintaining your accounts integrity and that they are compliant with the contract terms.

Most companies do not perform proper bill audits.  They are time consuming, and require specific knowledge of the rates and terms you agreed to in your contract, as well as, the rates, terms and conditions others are receiving locally, regionally and nationally.  Having the appropriate benchmark analytics and a qualified 3^rd party that knows where to look, and what to look for, can yield huge savings.  It also provides an opportunity to see if your contract terms are beneficial to your company, compared to what others in the market are getting.

Limitless Technology has extensive experience providing Billing Optimization services, and implementing effective periodic bill audits. Using a very structured approach, we tackle each element of the audit process, one step at a time. Our cost reduction specialists will database key critical cost elements and review your past billings to uncover all unnecessary charges/services & correct over-charged errors. In turn, we continue to audit these billings on an ongoing basis to ensure those errors do not recur, and no other errors appear. We pursue all moneys due to you as a refund or credit, for what could be YEARS of unfair charges.  We then negotiate lower rates to establish a new baseline and keep your business costs down for years to come, creating a true Limitless ROI.

Limitless Technology manages your vendors, so you can manage and grow your business.

For more information about how we perform bill audits as part of our Billing Optimization platform, contact us at HERE.

Every company is slightly different.  Some organizations have been implementing teleworking as part of their business strategy for years, and have figured out how to make it work.  For those who have not, being forced into it has identified opportunities and gaps that they can evaluate and address, in order to implement it more effectively going forward.

There is one area that many companies may not know how to address, though.  Are the rates and terms of your contracts with your network providers structured to support your new remote workforce?   Here are a few things to consider:

• Network Bandwidth: Can your staff work as efficiently at home, as they do in the office?
• Cost: Have you negotiated rates and terms based on the number of employees that need to access the network, and at what times of day?
• Cybersecurity: Do you have a VPN set up to ensure your network is secure?
• Support: Who handles these new “remote” technical issues and questions and at what cost?

Bandwidth and Service Costs

Remote workers will need to access company systems and resources, making network bandwidth the first challenge. Most organizations will require additional bandwidth to function. You will need to confirm that your network infrastructure has the capacity to accommodate increased remote workers.  There are several considerations for determining how much network throughput you will need:

• How many employees do you have in the company?
• What is the differential between employees who were working remotely before and who are now?
• What will this new employee traffic look like?
• How many employees will be using the virtual private network (VPN) to gain access to the network?
• How many users are defined on the domain controller for remote access?
• Can your cloud vendors accommodate increased traffic workload?
• What costs will be associated with more bandwidth and your required cloud services?
• Does your internet service provider (ISP) allow for temporary increases over the configured bandwidth to cover any temporary traffic increases?
• What kinds of service distancing can we put in place so that current resources (e.g., VPN connections) won’t get overwhelmed until we expand available services?

If your bandwidth cannot accommodate the rise in traffic, you may need to review your contract terms.  You need to ensure your company can work efficiently, while understanding the cost implications.

Cybersecurity

Enabling remote access for everyone comes with all sorts of cybersecurity concerns.   If your organization supplies a device, you will need to ensure it has appropriate security protocols, such as antivirus software and firewall protections. If users will be connecting from their home device, you could potentially be opening your network to the security vulnerabilities inherent to the user’s device. If a home device — the family PC, for example – has been infected with malware, it may now act as a conduit, and a hacker can gain access to your entire company.

A Virtual Private Network (VPN) is what allows your employee’s device to behave as though it was plugged in at the office.  In many cases, existing VPN solutions are not provisioned to accommodate every employee connecting all at the same time, or your VPN contract may have limitations on how many employees can be online at one time.  Now would be a good time to have an experienced VMS specialist review that contract to ensure your terms and rates benefit your company, with an increase in usage of the VPN platform.

Limitless Technology has spent years focusing on managing complex variable expenses. Network infrastructure is one of our specialties.  We understand how to structure contracts properly, and negotiate the best possible terms and rates, to ensure your company can operate efficiently in this “new normal” operating environment. Through our Billing Optimization and Vendor Management Solutions we improve our client’s efficiencies, effectiveness and bottom-line.

Limitless Technology manages your vendors, so you can manage and grow your business.  For more information about our vendor management solutions contact us HERE to schedule a demo of our VMS-DM platform or speak to one of our cost reduction specialists.

A true fully managed solution is one where a 3^rd party provides your business with support for each component of your complex indirect spend and vendor documentation.  It requires technology, tools, process, expertise, time, commitment, and resources. It’s not easy, and it takes a team of people who know where to look and what to look for with your 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.

Bringing together the people and the platform is what allows the magic to happen.  By having a 3^rd party that can implement a fully managed platform, there are obvious benefits:

• Increased efficiency
• Reduced Impact of employee turnover
• Centralized platform and processes
• Lower risk of non-compliance
• Benchmarking analysis
• Monthly reporting and invoice reviews
• Ongoing rate and term optimization

Many companies ARE getting ahead of this problem by finding a partner with the tools and expertise to manage the “complexities in their details” as it relates to local, regional even national service related costs. They find partners they can trust, which will do the auditing necessary and the benchmark analysis on every single invoice, contract and supporting vendor document. They look for partners which will actively optimize their costs, renegotiate for lower ongoing pricing and betters T&Cs, ensuring bills get paid on time and accurately, and ultimately resulting in “elimination of expense fat” so they can apply these profits to a more strategic use.

Limitless Technology has spent years focusing on managing complex variable expenses. We take this burden off of your people – so they can focus on the bigger problems at hand. And we partner with each member of your team so they feel confident they can maintain the overall control, don’t lose the vendor relationships they value, but DO gain the critical support they need to make better decisions. The support we provide allows your team the time to focus on the important work of growing, delivering exceptional Client experiences, and grow their business and market share. Through our Billing Optimization and Vendor Management Solutions we improve our client’s bottom-line.

Limitless Technology manages your vendors, so you can manage and grow your business.  For more information about our fully managed VMS Platinum Service, CLICK HERE  to schedule a demo of our VMS-DM platform.