Procurement
Your Goal
Achieve spend transparency and realize savings without risk or cost
Get more value from purchased expenses, in an efficient and effective way
Monitor and track contract compliance
Our Solution
Tools and methodologies to understand, indemnify, and capture enterprise cost savings
Vendor Rate Compliance Audit that reviews actual contracts and invoices to uncover overpayments
Price benchmarking that compares pricing from ‘like to like’ competitors
“Elevate’s unique benchmarking process generates purchased expense savings from 15%-30%. The process ensures cheaper/faster/better results, is minimally-invasive for the Customer, and gives the incumbent supplier every chance to retain the business. Customers pay only after realizing and validating savings making this effort self-funding.”
“As a Mortgage and Commercial Bank, we have a laser focus on controlling our costs and increasing our efficiency. Elevate’s Procurement Services brought critical leverage to our indirect procurement efforts, and has moved us toward meeting our procurement savings goals, and with minimal cost risk for the bank.”
The Elevate Edge
Manages rate compliance for duration of vendor contract
Ensures realization of savings within 6-8 weeks
Elevate assumes the risk
Fees are 30% of achieved savings
Customer pays only when savings are achieved and recorded on books
Where We Find Savings
Indirect Spend can be reduced by 15-30% without sacrificing service or quality
