Who We Are
Our team at Extropy Advisors has significant experience and success in identifying cost reduction opportunities, negotiating terms with vendors, and implementing best-in-class payment automation solutions. By leveraging advanced data analytics and automation solution software, we help our clients drive efficiencies, manage spend, and achieve a strategic low-cost position. We strive to give you complete visibility into your organization's spending and resource allocation to empower you to make smarter business decisions.
What We Do
Extropy Advisors is a boutique consulting firm that optimizes and systemizes spend across your organization to reduce cost, enhance visibility and control, and drive measurable savings. Our experienced team of professionals work closely with your executive, procurement, and accounts payable teams to drive success. Together, we define the challenges, identify opportunities, develop optimization strategies, execute, and support post-implementation activities. Our mission is to navigate organizations successfully through the digital transformation journey, achieve exceptional performance, and develop the processes and culture for long term continuous improvement.
At Extropy, we optimize and manage your Telecom expenses. Extropy’s Telecom Expense Management (TEM) solution drives savings and efficiencies to your organization while managing fixed-line voice, data, and wireless expenses on a single platform. Contact us now to learn more.
Telecom Expense Management
Every contract negotiation is an opportunity to better position your company towards its strategic goals. We help you do this by identifying and benchmarking key business issues, leverage your purchasing power, and coordinate a streamlined and professional negotiation process. Contact us now to learn more.
Contract Negotiation
Procure-to-Pay Automation
Drive savings and strategic operational improvements by streamlining and automating your purchasing, accounts payable, and payment functions. We position your company on an innovative path of continuous improvement by leveraging budget positive technologies. Contact us now to learn more.
Strategic Sourcing
Create a sourcing center of excellence by optimizing your sourcing process, identify your sourcing objectives, prioritize opportunities, and utilize best practices to minimize your total cost of ownership. Contact us to learn more about sourcing opportunities.
Vendor Dispute Management
We save our clients significant time and money by effectively managing vendor disputes. You can leverage our experience, process, and procedures to ensure your organization successfully manages it's vendors, and save money on overcharges, collections, or SLA disputes. Contact us now to learn more.
Contract Compliance
Ensuring that the contracts you have put in place are adhered to can be tricky and tedious. Giving the contracts the proper attention leads to a number of benefits for your Organization. We quickly and effectively provide your organization with tools, visibility, and insight to contract compliance opportunities. Contact us now to learn more.
Recovery Audit
Extropy’s audit process helps enforce vendor management and foster relationships, typically resulting in significant capital recovered back to the organization. Take charge by auditing vendor compliance and recover past over-charges. Contact us now to learn more
Gaining visibility and insight into your spending is the single most important element in reducing over-spend. By utilizing big data and BI tools, we efficiently analyze your raw data and provide you with a clear understanding of your spend, develop optimization strategies, and manage execution. Contact us now to learn more.
Spend Analysis
How We Work
Extropy’s customer-centric business model is driven by your success. You only pay a share of realized savings for a limited period of time. Extropy’s engagement standard process is simple and friendly:
Phases
Phase 1 – DEFINE PROJECT
- Identify opportunities across expense categories
Phase 2 – WE PARTNER WITH YOUR TEAM
- We obtain relevant invoices & statements
- Review current contract & purchase history
- Create project teams and workflows
Phase 3 – WE ANALYZE YOUR SPENDING ENVIRONMENT
- Identify and quantify waste
- Develop optimization strategies
- Prepare financial impact analysis
Phase 4 – EXECUTE TACTICAL INITIATIVES
- Short term savings opportunities implemented
- Measure and track results
- Generate monthly savings report
Phase 5 – EXECUTE STRATEGIC INITIATIVES
- Initiate strategic sourcing events
- Work through contract negotiations
- Manage implementation and contract compliance
Phase 6 – CONTINUOUS IMPROVEMENT
- Develop KPI based reports
- Build future opportunities pipeline
- Track realized savings and execution