IS YOUR CANNABIS BUSINESS PAYING TOO MUCH FOR ESSENTIAL SERVICES?

Your team has more important things to do than to conduct a thorough audit and renegotiation of your business expenses; but that’s what Schooley Mitchell does, all day, every day. We optimize your expenses so you can focus on doing what you do best.

At Schooley Mitchell, we’re entirely independent of any vendors. Our consultants receive no incentives or bonuses from services providers. In fact, we’re so confident in our ability to negotiate savings for our clients, we’ve based our business model on that very fact; if we don’t deliver savings, we don’t get paid.

Case Study

The Client:

Signs a Service Agreement that covers our business terms
Provides us with bills, or online access to their accounts, so we can establish a baseline of their current rate structure
Signs a letter of agency, so we can negotiate with their current vendors
Describes their current processing environment

Schooley Mitchell:

Uses our benchmarking data to research options nad negotiates better pricing for the client
Requests, reviews, and validates competitive quotes from other processors
Negotiates with the current vendor for a re-rate
Compiles our research and recommendations into a Value Report
Assists with the cancellation of services if needed
Assists with compliance standards
Implements pricing and changes
Confirms the new price 30 days after implementation

Doing a cost analysis on your own can be an overwhelming task. Schooley Mitchell takes a strategic approach, breaking down our risk-free analysis into several phases to ensure every aspect is considered.

As part of our process, Schooley Mitchell reviews your payment processing services and needs to ensure your costs are optimized and your bills are free of errors.

Schooley Mitchell’s specialized software, benchmarking tools and best-in-class pricing databases ensure our clients never pay too much for their essential services. Schooley Mitchell has relationships with carriers across North America, as well as extensive knowledge of the marketplace.

Client A:

Client A is a large cannabis products retailer, who operates entirely on an e-commerce platform, and offers its customers free shipping options.

They were utilizing two vendors for all their parcels
They were spending $1,117,908 annually

Schooley Mitchell performed an analysis of Client A’s shipping expenses.

Client A - Savings Breakdown

Schooley Mitchell negotiated savings of $129,297 annually.

Our negotiations with both vendors meant that no changes were necessary to Client A's shipping services.
Schooley Mitchell achieved new and competitive discounts on all shipping categories, as well as strengthened the client-vendor relationship.
We will continue to monitor Client A's shipping invoices on an ongoing basis to ensure rates remain competitive and discounts are met.

Waste

How predictable is your waste every month?

Variability in your waste from month-to-month makes a big difference to certain service providers.

Is your container size and collection frequency optimized?

Finding a provider that is both cost effective and meets your needs can be challenging.

Are your waste disposal fees changing frequently over the course of the year?

A professional audit of your expenses can get to the bottom of it.

Telecom

Have you conducted a recent usage audit across your telecommunications system?

In many cases, we find inefficiencies and redundancies in the number of lines and features.

Have you considered moving to a Voice over IP platform?

Cloud based telecommunications systems typically provide unique features at lower costs.

Do you know when your current plan automatically renews?

Companies typically only have a 30-day window to make changes to their current contract.

Compressed Gases

Do you think your compressed gases expenses are written in stone?

Commodity markets can be complex and confusing, making it difficult for business owners and managers to navigate.

Are you certain there are no billing errors in your invoices?

There are opportunities to optimize pricing structures and recover billing errors.

Are you receiving all tax benefits available to you?

Your business might be missing out on significant savings opportunities.

Uniforms & Linens

Do you rent or purchase uniforms?

With no inventorial upfront costs and easier access to replacements or repairs, renting from a reliable source has become a preferred option to purchasing outright.

Does your uniform rental policy properly account for employee damage and loss?

Loss and damage charges include the purchase of a new garment, as well as associated setup, name tag, logo fees, and sometimes replacement charges.

Are your laundering and delivery schedules optimized?

Without the correct cadence, your business could be overspending or not receiving what it needs to operate efficiently.

Merchant Services

Do you reference the "effective rate" to evaluate how competitive your processing fees are?

A blended pricing structure makes it more difficult to fully understand all the factors impacting your fees.

Do you know how your current processing environment impacts your processing fees?

How you process payments and capture data can have a big impact on your monthly fees.

Have you asked your processor to provide you an "interchange-plus pricing" quote?

This pricing structure is often the least expensive and most transparent option.

Facility Supplies

Are you over or undersupplied?

We audit your invoices to ensure optimal delivery schedules.

Are you splitting hairs with multiple vendors?

We look at all supplies invoices, across all vendors, to make sure everything you need is being ordered, delivered, and replenished effectively.

Do you require specific product quality or other specifications?

Schooley Mitchell helps you find the solutions that bet fit your business.