When You Don’t Know What You Don’t Know
What if what you thought to be true was not? Would you want to know? If so, when would you want to know? Ideally, the title of this article caused you to pause and consider the concept. What happens when you don’t know what you don’t know? You might be overpaying. And there are a […]
Elimination & Reduction of Services are not the only Tools for Cost-Reduction
I recently read about Elon Musk’s declaration of cutting spending at Tesla and it got me to think about how cost-reduction is often thought as elimination or reduction of purchases or services. While I am not suggesting that Tesla is not in need of aggressive reduction or elimination, we can all agree that layoffs and […]
Keeping an Eye Out For Changes in Industries – Laundry Service Edition
If you told me that I would be reading an interesting article on the laundry industry even last night, I would not have believed you, but here I am, intrigued by an article published by Inc.com. The article pointed out there really aren’t any standout leaders in the industry. But when you combine that with […]
When You are Growing, It’s the Time for Cost Reduction
Growing or acquiring a new firm is an exciting time for a business, but it is also a time when you may absorb costs you do not have to. Cost reduction does take time to benchmark and compare vendors, but during a busy, exciting time, you may not have the time and push cost-reduction off […]
For Longstanding CFOs – Getting Fresh Eyes to Remain Relevant & Cutting Edge
“Everyone likes to joke around about the traditional CFO who sits in their office with their green shade, a pocket protector that says no to everything,” she said. “But it is such a different position today. … It’s a position that requires strategic thinking, creative decision-making and the ability to look past just debits and […]
4 Ways to Save More When Opting for Propane
Companies rely on propane for many important functions — from water and space heating to fueling agricultural and off-road vehicles to backup power. While there are a variety of benefits in opting for propane, there are several things to consider in finding even greater savings for your organization. For one, propane tends to be the […]
Silverback Helps Increase Your Profit Margins By Putting Money Back In Your Pocket. So, What’s The Catch?
Does what we do sound too good to be true? Here’s the truth about the expense reduction process. There are a lot of tough truths in life, and at Silverback, we find it’s best to be as upfront and honest as possible, especially when it comes to our process. Why? Because being transparent allows us […]
How to know if you’re overpaying your vendors (and what to do about it if you are)
When your work week gets busy, you have deadlines, and the stakes are high, it’s easy for vendor relations to fall low on the priority list. But don’t let it. Looking for red flags could save you a lot of money. Here are a few tips on what to look for and what to do […]
6 Myths You Likely Believe About Working with Expense Reduction Specialists
When you think about working with a consultant to cut costs, what do you picture? You may be imagining all the ways it will add to your (or your team’s) to do list. It may sound like a huge undertaking, and an expensive one at that. Or perhaps, it sounds redundant, as your internal team […]
Top 5 CRE Project Cost Overruns – And How to Combat Them
Whether it’s a new build or a renovation, commercial real estate development projects are significant and complex financial commitments. It’s not surprising that cost and schedule overruns are fairly standard in construction endeavors. In fact, according to a report by McKinsey & Company, “Large projects across asset classes typically take 20 percent longer to finish […]