Industry Focus | Restaurants
This time of year the restaurant industry typically sees a nice upswing in sales. From corporate holiday parties to extended family dinners, sales usually increase for restaurants near the end of the year. However, like many industries, restaurants experience seasonality throughout the year, which leads to highs and lows in their bookkeeping. The highs of […]
Mobile, Alabama: A Thriving City With Opportunities for Savings
Mobile, Alabama Is a cultural center of the South, with historic architecture, several museums, and professional opera and dance companies. It’s also full of thriving businesses, including a healthcare industry that is strong and growing. Mobile is a major hub for medical care in the Gulf Coast region. Mobile particularly leads the way when it […]
Saving on Propane: What You Need to Know
Does your business use propane? If so, there’s a good chance that you’re paying too much for fuel. With propane, like other fuels, you pay for more than just the product. You also pay delivery charges, storage costs, fuel recovery fees, hazardous materials surcharges, and maintenance. In addition, there’s the cost of your propane tank […]
Expecting the Unexpected: Dealing With Unanticipated Expenses
The eyes of our nation are on Texas and Florida right now as the devastation of Hurricane Harvey and Hurricane Irma continues to grow. Of course, the primary concern on our minds is the safety of all affected by this tragedy. However, as the area rebuilds, there will be far-reaching effects felt by both businesses […]
Internal Expense Reduction Plans: Are They Enough?
“Our team already addressed reducing our operating expenses. Why would we need more help?” It’s a question we sometimes get from potential clients regarding whether Silverback’s services are necessary if they’ve already addressed expense reduction internally. This is a valid question; why spend money for someone else to do something you’ve already done? However, there […]
Healthcare Industry Update: Uncovering $40,000 in Savings
We’ve shared in the past how we have worked to find savings for businesses in the health care industry. When Silverback partnered with a large medical practice, we were able to cut expenses for the practice by over $400,000. All of this was found without disrupting the day-to-day operations of the medical group. Silverback recently […]
Uncover Big Savings With a Closer Look at Telecommunications Expenses
When you receive a bill from your telecommunications provider, do you know what you’re paying for? How do you determine if you’re being charged correctly? We recently took a closer look at telecommunications expenses for a client, and the billing errors we found were significant. We discovered that this business was paying for services at […]
Identifying Cost Savings with Supply Expenses
Supplies is a vast category of expenses that can sometimes seem overwhelming, though it doesn’t have to be. Whether it’s computer, janitorial, medical, office, or other type of supply, they can easily become a large part of your expenses quickly. We pride ourselves on knowing more than most successful businesses about how best to manage […]
Saving Money with Third Party Logistics Companies
Most companies outsource at least some of their tasks to a third party. This makes perfect sense; whether it’s payroll, cleaning services, or marketing tasks, it’s often more cost-effective to farm these tasks out. Using a third-party logistics (3PL) company to help with shipping and distribution of product is one of the most common outsourcing […]
Automating the Accounts Payable Process
Anyone who owns a business is familiar with the accounts payable process. This department of your business is responsible for receiving, recording, and paying all incoming invoices for the business. This process can become very cumbersome, especially as your business grows. There are several reasons to consider automating the accounts payable process, no matter the […]