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Are You Sure You're Not Being Overcharged? 843.576.3638 WWW.ABOUTSIB.COM IT/TELECOM MAINTENANCE WASTE PROPERTY CONTRACTS REMOVAL TAX TREASURY SHIPPING UTILITIES CLASS ACTION RECOVERY BENCHMARK PRICING CONTRACT NEGOTIATION BEST-IN-CLASS / UNPUBLISHED RATES REFUNDS FROM BILLING ERRORS Are you sure you’re not being overcharged? We guarantee 98% of you are. COMPANY OVERVIEW SIB’S MISSION Founded in 2008 98% We use our proven three-pronged method to find savings: Headquartered in Charleston, SC Success Rate 75 employees Benchmark SIB specializes in cost reduction. By employing experts in each of the Analyze billing Standardize service Negotiate 50 STATES & CANADA fields we review, we are uniquely equipped to find savings in virtually Pricing Data From to discover and levels (making sure best-in-class any fixed cost categorywithout changing your current vendors. $3 BILLION ANALYZED correct vendors’ clients are not being pricing billing errors and charged for services We have no upfront fees. SIB bills only on the savings we find, and Over 50,000 only after you realize those savings. If we don’t find savings there is ensure contract they do not use no cost, and you know that your bills are as low as possible. Locations compliance or need) SIB has worked with Fortune 500 companies, restaurant groups, hotel Nationwide groups, regional banks, senior living groups, hospital groups, grocery chains, retail chains, state, local and federal government entities, and everything in between. Since opening in 2008, we’ve found savings for over 98% of our clients. Ongoing Bill SIB makes the process of cost reduction effortless for your company, allowing you to rest easy knowing that industry experts are working hard Monitoring OUR MISSION IS TO SAVE OUR CLIENTS MONEY WITHOUT to reduce your costs. AFFECTING DAY-TO-DAY OPERATIONS OR REDUCING HEADCOUNT. ARE YOU SURE YOU’RE NOT BEING OVERCHARGED? 2 3 HOW DOES SIB SHARE IN SAVINGS? Old Bill New Bill $1000 $600 $400 per month per month Monthly Savings: - SIB operates on a contingency basis - there is no upfront fee and we only are paid if we find savings. - SIB shared savings are billed monthly AFTER savings are realized. - Each month, SIB pulls a duplicate invoice from the vendor to validate realized savings. - SIB automatically corrects any billing errors while monitoring accounts for additional savings opportunities. 4 5 PARTIAL CLIENT LIST PARTIAL CLIENT LIST FINANCIAL SERVICES REIT / STUDENT HOUSING / SENIOR LIVING STRATEGIC RETAIL GROCERY / CONVENIENCE STORE AUTOMOTIVE EDUCATION PROPERTY MANAGEMENT / PARTNERSHIPS MULTI-FAMILY multi-unit franchisee Burger King Little Caesar’s ENTERTAINMENT HEALTHCARE NON-PROFIT Landmark RE Management HOTEL MANUFACTURING GOLF PROFESSIONAL SERVICE Berkshire Hathaway subsidiary Berkshire Hathaway subsidiary SERVICE COMPANIES multi-unit franchisee multi-unit franchisee 6 7 CLIENT TESTIMONIALS CLIENT TESTIMONIALS Provider of Rehabilitation and Skilled Nursing 10,000+ Students Non-profi t “With over 500 assisted living centers, it goes “SIB worked tirelessly on our waste removal bills, “By taking a closer look at what we had in storage, “Signing with SIB has been a great decision; “We have now just completed the process after “SIB provided an extra set of eyes to scrutinize without saying we have a very complex and and they continue to track them to make sure no we were able to identify over 10,000 cubic feet they have found a ton of savings for us in our a quick and effi cient review by SIB. Having had our company’s vendors and service providers for expansive network of external vendors and unnecessary over-billing resurfaces. The audit of paper documents that we no longer needed. waste and telecom spending categories in a a chance to examine their fi ndings, I am happy overcharges and ineffi ciencies. By referencing service providers, and expenses to match. SIB was not an intrusion, required no budgeting, In addition, we found over 2,000 cubic feet of variety of ways. They found us credits that were to report that SIB’s project was very successful, best-in-class rates and service plans from was able to achieve major savings across the and we are only paying SIB a percentage of documents that were being stored unnecessarily due to us, removed services we were paying for, and is already resulting in a reduction of our similar companies, SIB was able to quickly board without diminishing our vendor services found savings.” in a costly, climate-controlled facility, and we will but didn’t need, and negotiated lower rates.” monthly expenses.” spot opportunities to secure a better deal.” or relationships.” be moving those documents to regular storage, which will also lower costs.” - Jason Dobry, - John Nucci, - Michael Schillinger, - Charlie Barnes, - Timothy Keever, - David Walls, Senior Director of Spend Management Vice President of External Affairs Director of Supply Management Owner President CFO Berkshire Hathaway Subsidiary Hotel Management Berkshire Hathaway Subsidiary Atlantic Coast Enterprises, Franchisee of 52 Jiffy Lube Locations “We have been extremely pleased with SIB’s work “We were impressed by SIB’s meticulous process, “In addition to the little time needed from our “We were impressed with SIB’s approach to “We understand that SIB’s typical client is a “SIB’s team used their knowledge and experience so far. They have gotten us tens of thousands and the breadth of their recommendations was staff, SIB Development proved their value by the project, and with the results they achieved larger organization in the private sector, often to audit our bills and come up with a plan to of dollars just in credits and refunds for billing remarkable, involving savings in no fewer than effectively fi nding better rates and redundancies for us. They were able to use their expertise with multiple locations, and Manor College is maximize cost savings going forward. Their errors and negotiated new, reduced pricing in eight different spending categories...SIB seems with our telecom and waste removal vendors, to negotiate contracts and pricing that worked a little different. However, the fact that they approach resulted in the removal of fraudulent addition so that we will enjoy savings going perfectly suited to the hotel business and the helping us obtain better rates that will save us best for us, and we believe they can provide could apply their process and fi nd savings for us charges from our telecom bills and a substantial forward.” assorted vendor costs that are common in our over $1,200,000 over fi ve years.” many benefi ts to anyone in the student housing means that SIB’s business model is well-suited reduction in both telecom and waste rates that industry.” market.” to virtually any type of company or organization will result in tens of thousands of dollars in with regular monthly expenses.” annual savings for Atlantic Coast Enterprises.” - Lonnie J. Lawton, - Jack Fritsche, - Joanne McGowan, - Matt Zellars, - John Winicki, - Daniel Ramras, Sr. Vice President/CFO Sr. Vice President/CFO Retail Accounting Manager Real Estate Analyst Controller CFO 8 9 RESTAURANT CLIENT TESTIMONIALS PARTIAL RESTAURANT CLIENT LIST MULTI-UNIT FRANCHISEES CORPORATE LOCATIONS Corporate-Owned Restaurant Concept with 60+ Locations 130 Corporate Locations of Au Bon Pain Cafe Boddie-Noell Enterprises, Franchisee of 330+ Hardees “We are pleased to have many of your “I do not believe we would have achieved “SIB understood and pursued very measured, recommendations offi cially in process. It’s these savings without the independent sensible recommendations that would serve amazing to think about how much these expertise of the SIB team. In fact, SIB our operational service needs entirely. savings will mean to us in the long run – it exceeded our expectations on the project Nevertheless, they succeeded in making makes me very glad to have signed up for and I would highly recommend their services a real impact on our overall expenses, since an SIB review.” to other organizations for this type of review.” these savings are geared towards long-term and will show their true worth for years to come.” - John Huffman, - Michael J. Lynch, - Mike Hancock, Chief Operations Offi cer Chief Financial Offi cer Vice President Franchisee of 200+ Taco Bells Multi-Unit Franchisee, Burger King Deli Management, Inc. - Corporate Locations of Jason’s Deli “SIB’s team was easy to work with, and they “As the owners of 26 Burger King locations, “If consultants are ultimately judged by the respected our preferences to retain services we already benefi ted from negotiated rates results they create, SIB earns very high marks with our current vendors. This preference did from various vendors, by virtue of our status for their work. Their review identifi ed more not seem to be a hindrance at all on their as a large national brand. I was very pleasantly savings than we could have imagined...Our performance, as the rate reductions they surprised when your team was able to fi nd rates only regret in this whole process is not having negotiated were considerable.” even more competitive than the discounted found SIB sooner.” rates we were paying before...I’m pretty confi dent you could fi nd savings for anyone.” - Ragan Cain, - Jim Reddin, - Noelle Faille, Treasurer President Facilities Manager 10 11 Do You Know What Companies Across the Street Are Paying? SIB Works With Over 50,000 Locations Nationwide 12 13 LOCATIONS PER COUNTY PRESS Number of locations per county reviewed 1 to 5 6 to 14 15+ MORE AT WWW.ABOUTSIB.COM 14 15 MANAGEMENT TEAM Stavros Aloizos, CTO is a technology professional with over 30 years of experience creating innovative and disruptive technologies. Stavros joined SIB in July 2017 as its Chief Technology Dan Schneider, CEO founded SIB in 2008 and has been its CEO since its inception. Prior to founding SIB, Dan enjoyed a successful entrepreneurial career in the wireless industry.
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