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 […]
Business Update | Carrier Corporation
In December of 2016, then President-Elect Donald Trump brokered a deal with the Carrier Corporation and the state of Indiana to keep an Indianapolis factory from closing. Carrier was offered approximately $7 million in government incentives, and the deal preserved about 800 jobs and kept the Indianapolis plant open. What is the status of this […]
How Our Experience Across Industries Works for You
One of the questions we often get from potential clients is how we can help their business with its specialized needs. Each industry has its own nuances, and each brings its own unique challenges. However, at Silverback, we believe that working across a wide variety of industries gives us an advantage – one that we’re […]
DIY or Silverback? The Downside of “Doing It Yourself”
At Silverback, our goal is to help clients reduce costs, so they can use the savings to bolster their companies’ bottom lines. Not every company believes the cost/benefit analysis of hiring an expert works to their advantage. Many of these company leaders believe they can do this critically important work themselves. The Do-It-Yourself (DIY) impulse […]
Cash-Strapped College Closing – Could it have been prevented?
In 2017, St. Joseph’s college announced plans to suspend operations and ultimately close. I’m sure this is heartbreaking for the current students, alumni, faculty and staff. With that said, the whole purpose of this blog is to ask the question: Could this have been prevented? In this situation, it appears the signs have been displayed […]