Will the engagement cost anything?
No, this is a no-obligation relationship. We share in the savings we uncover and only get paid if your fees are actually lowered.
How does contingency consulting vs going direct to market provide a better rate?
Merchants who go to market directly do not have any benchmark data to evaluate the competitiveness of the bids received. Also, they do not know how the proposed rates will be implemented and this can be a significant blind spot. It is also highly likely that they are focusing on just the processor markup and not the optimization of all fee categories.
What is the cost contingency audit process like?
Our process typically includes establishing a baseline, reviewing the existing contract and vendor, vetting a potential new vendor, and managing implementation from start to finish. For an outline of our process.
Establish the Current Situation
Investigation Identified Opportunities
Implement Savings Opportunity
What type of Savings can we anticipate?
The savings we have provided range from 80% to 5%. It varies by industry, region, and revenue size. To download a couple of our case studies.
How long until we see savings?
When working with your existing provider, implementation is fairly quick. You could potentially see savings within a month. If the decision is made to switch providers, onboarding and implementation typically take 2-3 months.
What do you need to get started on the fees analysis?
All we need to get started is 6 months or more of current processing statements to do our deep dive into your current fees. We will talk through your current SOPs and technology as well to see if there are any other opportunities for you to maximize your AR process.