Financial Institutions
Why SRM?
Benchmarking
SRM provides an objective, informed assessment of the savings and performance opportunities for your business. This is based on our benchmarks with organizations of similar supply characteristics and your unique needs. Our deep and robust proprietary database has been developed over the last two decades and is updated daily. This current information validates your organization’s expenses and opens up savings opportunities quickly.
Experience
SRM has successfully completed over 1000 cost reduction projects with our valued client base. We know what the price points and pain points are with your current vendor agreements. The SRM team of consultants has specific procurement core expertise in the various aspects of your business. Additionally, we have many REFERENCES that you can contact with organizations that are similar to yours.
Non-Invasive Approach
SRM can assess up to 40 expense impact areas for you very quickly. Further, we can address 150 potential revenue enhancement areas for you. The bulk of this work is done off-site by our competent project team. Your staff requirements are kept to a minimum in assessing any project area. It is SRM’s job to establish a credible baseline and present hard dollar opportunities for adoption without disrupting your daily operation.
Time Value of Money
SRM will expedite the identification and implementation of savings and revenue for you. Due to our focused approach to project management, we will convert opportunities to profit in the most time sensitive manner.
Performance-based Fee Structure “No Cost” Assessment
SRM has an impressive track record of success, and we are confident that we can impact your bottom line. There is no charge for the assessment consulting work that SRM performs on your behalf. We only earn a fee if we can effectively produce savings or additional revenue for you. Therefore, you can only benefit from a relationship with SRM.
Controllable Agreement
You control your destiny with an SRM engagement. We presume nothing through the assessment and recommendation phase regardless of how compelling the projected lift appears. SRM works hard to identify and present viable business opportunities for you. Yet, we only implement recommendations that you “FORMALLY ACCEPT” contractually.