If a client is considering a cost reduction effort in preparation for an M&A event, make sure they understand the different approaches.

Not All Cost Reduction Efforts are Built the Same!

Some businesses engage with Big Consulting to conduct “cost studies” in an effort to reduce expenses. At Schooley Mitchell, we take a very different approach to reducing your expenses. 

Ask the following questions for a better understanding of the differences.

How are you Paid?
➡️ Schooley Mitchell is paid on a contingent basis from the savings we generate.

Is there any upfront retainer?
➡️ Schooley Mitchell has no upfront retainer and performs the analysis on a cost-free basis.

Is there any guarantee of  results?
➡️ Schooley Mitchell only gets paid when we reduce your expenses.

Do you have specialized expertise in my expenses?
➡️ Schooley Mitchell has analysts with specialized technical expertise in your specific cost areas.

Who implements your cost reduction recommendations?
➡️ Schooley Mitchell project manages/leads the implementation of the recommendations that you accept.

Is there any ongoing support?
➡️ Schooley Mitchell provides ongoing support through the term of the Service Agreement.

Are your cost reduction recommendations specific to my business?
➡️ Schooley Mitchell develops recommendations tailored to your specific business, cost areas and vendors.

What is the focus of your cost reduction recommendations? Process changes? New technology?
➡️ Schooley Mitchell is laser-focused on your specific cost areas and vendors.