Ian Nairn / March 7, 2024
aegiuggio – Savings
"I told [Schooley Mitchell] to go ahead, but they wouldn’t find anything... Well, I was wrong... [They] found a way to cut our fees by 37%, which translated to $10,000.00 in the first month alone - over $100,000.00 annualized."
- A Happy Schooley Mitchell Client
Burke & Sons Construction
“[Schooley Mitchell] renegotiated with our waste vendor at our main location which resulted in savings of over 53%. At our second location, they were able to find another vendor that would reduce our costs by over 63%. Schooley Mitchell handled the entire implementation for any necessary changes, which provided me with peace of mind that everything was being handled correctly.”
Central Roofing
“Regardless of how closely you manage your telecom services, I recommend that you have Schooley Mitchell provide you with an analysis of those services. The report costs you nothing and the savings opportunities that they find may surprise you.”
Chase Roofing & Contracting
“Schooley Mitchell negotiated better rates for our credit card processing, mobile phones, fleet tracking, and waste removal! I am so excited because they saved us 43% in fees and a total annual savings of over $50,000!!”
Macrodyne
“[Schooley Mitchell] was able to save us 64% in waste while remaining with our incumbent vendor and 48% in telecom spend with a vendor change. We were very excited to significantly reduce our costs; we were also happy to avoid any disruption from switching vendors for waste and flawless transition in telecom.”
McNeil Industries
“Schooley Mitchell's goal during the analysis was to see what could be saved with our current shipping vendor while seeing what other options were out there to save money. We were able to review a comprehensive value report illustrating our current configuration and costs compared to the rates they were able to negotiate on our behalf. The results [they] presented was impressive with savings of 23% without switching providers that will save our company significant money every year!”
A Duchini Inc.
“From day one, you have put our business and our values first. You have managed to save us 20% - 60% on our services, all while respecting the relationships we have developed with our long time vendors, and introducing us to new ones. The time and energy I have saved is invaluable!”
Central Avenue Apartments LLC
“I was very impressed to learn that [Schooley Mitchell’s] team has managed to reduce our cost by 46.39% and eliminated some administration fees, plus capping any annual increases in cost to a minimum if it occurs.”
Able Industrial
“We have implemented a change with our waste expense that will save us over $8000 per year, a 64% reduction from our previous costs. We ended up changing vendors, but I appreciate that Schooley Mitchell even got the prior vendor to negotiate their costs down about $4000. We were a little hesitant about the transition, but Schooley Mitchell handled everything with the vendors and to date we are happy with the new service.”
Manufacturing Savings
Manufacturing Company
$100,000
Telecom Savings
Manufacturer
81%
Waste & Hazardous Removal Expenses
Security System Manufacturer
$76,000
Shipping & Payment Processing Fees
Trades Savings
HVac & Plumbing Company
$22,000
Fuel & Telecom Savings
HVac Company
$21,000
Annual Payment Processing Savings
Plumbing Business
29%
Electronic Logging Devices Savings
Construction Savings
Construction Company
$30,000
Wireless Telecom Savings
Contractor
53%
Waste Disposal Fee Savings
Contractor's Fleet
$20,000
Electronic Logging Device Savings
Property Management Savings
Residential Property Mangement
$41,000
Waste Disposal Fee Savings
Commercial Property Developer
40%
Wireless Telecom Savings
Multi-Location Apartment Mangement
$29,000
Telecom Expense Savings
Savings Per Industry
Savings Per Industry
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
Client A:
An attorneys office, with an average annual revenue between $1 to $5 million. Their pain points included:
- Very poor service experience from incumbent phone system provider left them without phones for multiple employees with no clear path forward to close gap
- Concerned costs for overnight document shipping were out of line with no ability to compare to the broader market
- Limited time to investigate phone providers and shipping costs and no market data to use while negotiating
Client A sought Schooley Mitchell’s marketplace intelligence and expertise to assist with a phone transition and to save money across essential services.
Schooley Mitchell's Solution:
- Reduced shipping, data/internet, and waste removal costs with no vendor change
- Coordinated transition of phone system to a modern platform, added needed phone, and reduced phone system spend
Annual Savings:
44.4%
SHIPPING
55.5%
INTERNET
29%
VOICE
32.8%
SHREDDING
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:
Schooley Mitchell conducted a complete merchant services review for Client A, an e-commerce store that accepts payments online and over the phone.
- They were paying $128,009.31 in monthly fees
- They were integrated with Point-of-Sale software
- There were multiple currencies, processed globally
- They used one American processor for all accounts
Client A - Savings Breakdown
Schooley Mitchell’s analysis found that all of Client A’s accountsoutside of North America were on the wrong rate structure.
- Schooley Mitchell negotiated and implemented the proper rate structure on each account. The client’s estimated savings over the 36-month agreement is $3,878,899.20.
- The client will continue processing with their incumbent vendor and receive annual savings of 50.5%, totaling $775,779.84, after implementing our recommendations.
