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SIB Fixed Cost Reduction Closes Merger with Cost Control Associates
Friday 30 October 2020

South Carolina, US-based SIB Fixed Cost Reduction has completed a merger with long-time partner Cost Control Associates, the firm said.

SIB specialises in reducing operational costs for companies in areas such as waste removal, telecom, bank fees, property tax, utilities, maintenance contracts, corporate insurance and dozens of other spend areas.

The company analyzes clients' current vendor invoices to identify billing errors, ensure contract compliance and negotiate best-in-class pricing.

SIB operates on a contingency model, only sharing in a portion of the savings they achieve for their clients.

CCA complements these services, helping companies reduce and better manage utility expenses for energy, waste removal, telecom and cellular.

The company's utility expense management services include utility invoice reviews, utility bill processing and payment, analysis and review of utility data, energy procurement and other services.

SIB and CCA will continue to operate independently in the short term, each with an expanded service offering that will benefit their respective client bases.

Flounders will lead the newly combined companies as CEO of SIB. Keith Laake, founder of CCA, will step into a business development position as he plans for retirement and the next chapter of his life.

SIB Fixed Cost Reduction specializes in reducing monthly expenses for companies. SIB only shares in the savings they find and only after clients realize the savings. SIB has analyzed over USD 3bn in spend across more than 70,000 locations nationwide.

This expertise across a range of industries and audit categories allows SIB to effectively rectify billing errors and negotiate lower pricing for our clients without changing vendors or service levels across dozens of spend categories, including telecom, utilities, waste removal, bank fees, maintenance contracts, property tax, commercial insurance and more.

Cost Control Associates is in utility expense management.

The firm specializes in helping businesses and other organizations reduce and better manage their utility costs for energy, waste removal and telecom.

Founded by president Keith Laake in 1991, the company offers a range of innovative services including cost recovery and reduction, energy procurement, invoice processing and payment, and budgeting and forecasting.
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Date Published: 30/10/2020

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