Cost Savings Process & Strategies FAQs

Do we have to change our vendors in order to save money?

No. We understand that organizations frequently invest in lasting relationships with their vendors and may prefer to keep those affiliations in place. Bottom Line Concepts is "Vendor Neutral." Our industry network and depth of vendor familiarity enable us to renegotiate your current contracts or mine the marketplace to identify powerful savings from other, high quality service providers. We identify significant savings opportunities, and you determine which direction would be most beneficial for your company.

What differentiates Bottom Line from the vendor procurement or finance professionals at our company?

We utilize a breadth of technology and industry relationships to deliver expedient and comprehensively sourced results, and because we represent numerous clients, in the aggregate we enjoy greater buying power than your company alone. We leverage our clients' histories of successful cost savings strategies in combination with innovative concepts that reduce waste and eliminate inefficiencies, and just like your own team, we are committed to maximizing value while preserving the value and quality of the services and products you receive.

Why should we hire you when we do not typically hire outside consultants?

Where consultants are traditionally paid a per project fee or an hourly rate, we offer a performance based consultancy. If we don't save you money, or you choose not to implement our recommendations, you don't owe us money. And, in complete commitment to your bottom line, we will not invoice you until you realize savings.

How much time will it take for my staff or team to collect the information you need?

We are accomplished at identifying key documents required for our process, and with our insight, you should be able to quickly target records sufficient to kickstart our work. A few invoices, an authorization form or online account access is frequently all we need. Proper documentation allows us to benchmark proposed savings against your current costs to prove our results.

Are we required to engage Bottom Line for a review of all our company's expenses, or for all of the cost savings strategies that you're capable of providing?

No. Our model is extremely flexible and you choose which expense categories you would like us to review.

Will you maintain our privacy?

Unequivocally. We ask our clients to share their bills, not their books. Our Client Agreement includes a confidentiality clause, and we will execute a Non-Disclosure Agreement upon request. Each of our partnerships is held to the same confidentiality standard.

Is it fair to say that we are hiring Bottom Line on a contingency basis?

Yes, and because our compensation derives exclusively from making your company more profitable, you know that we sit squarely on your side of the table.

Can't we just do this ourselves?

Certainly, but our methods are proven, reliable and expedient, delivered at no up front cost to your organization, and relieve your professionals to focus on business critical operations. Let us do what we do best, and if we cannot improve upon what you have previously accomplished, you do not owe us any money.

How is Bottom Line compensated?

On a going forward savings basis, we invoice your organization for its portion of the savings it realizes for 60 months. For refund opportunities we invoice once your organization receives any checks or credits.

Does the location of my company matter?

No. Bottom Line's clients span the country. We have local representation in most major cities to accommodate your needs and remain committed to delivering responsive communication and deliverables that make clear business sense.