Process

MyCostCut empowers businesses to achieve significant, lasting cost reductions in their indirect service expenses. Leveraging deep industry expertise and cutting-edge technology, our consultants deliver strategic assessments, optimized sourcing, seamless implementation, and continuous management. We focus on delivering tangible impact, freeing you to concentrate on your core business priorities. Expect substantial savings (>20%) as we handle the burdensome details, ensuring program quality and stakeholder satisfaction.

Data Discovery

We begin by uncovering the essential data, going beyond surface-level information. Our consultants look into all interactions that you authorize, eliminating the burden of data gathering from your team. We focus on obtaining the right data, not just the volunteered data.

Comprehensive Analysis

With the complete dataset, we conduct a meticulous analysis of your programs. This includes a detailed review of contracts, amendments, and location-specific expenses. We provide a clear, insightful overview of your current spending landscape, highlighting opportunities for optimization and providing you with strategic leverage.

Strategic Alignment

Following the analysis, we collaborate with you to define your desired outcomes. We establish target spending levels based on our deep category expertise and develop tailored strategies to achieve your goals. This collaborative approach ensures that our actions are fully aligned with your business objectives.

Expert Negotiation

Our consultants execute the agreed-upon strategy through expert negotiation and sourcing. This “deal-making” phase may involve RFPs, direct negotiations, or a combination of both. We handle the complexities of the process, ensuring you secure optimal agreements negotiated by industry-leading professionals.

Seamless Transition

We assist the implementation of new agreements, coordinating with legal teams and suppliers to ensure a smooth transition. While most clients retain their existing suppliers, we also handle transitions with industry best practices to minimize disruptions and costs.

Continuous Optimization

We provide ongoing management and auditing to ensure sustained savings. We conduct regular audits, resolve overcharges, and address service issues. This proactive approach guarantees that you receive the full benefits of your agreements, ensuring lasting cost reduction and peace of mind.