Who We Are
Reducing Costs, Enhancing Visibility and Control, and Driving Measurable Savings is how Extropy Advisors Optimizes and Systemizes Spend across your organization. To succeed, our experienced team of professionals works closely with your executive, procurement, and accounts payable teams. Together we define the challenges, identify opportunities, develop optimization strategies, and execute.
What We Do
Our team at Extropy accumulated significant experience and success in identifying cost reduction opportunities, negotiating terms with vendors, and implementing best-in-class automation solutions. Saving money for your business is merely our first objective. Maximizing efficiency and developing a system to assure long-term success is what we’re here to accomplish.
Optimize and Manage Telecom Expenses. Extropy’s Telecom Expense Management (TEM) solution drives savings and efficiencies to the organization and manages fixed-line voice, data, and wireless expenses on a single platform. Contact us to learn more.
Telecom Expense Management
Every contract negotiation is an opportunity to position your company towards its strategic goals. Let us assist by identifying and benchmarking key business issues, leverage your purchasing power, and coordinate a streamlined and professional negotiation process.
Drive savings and strategic operational improvements by streamlining and automating your purchasing, accounts payables, and payment functions. Let us position your company on an innovative path of continuous improvement by leveraging budget positive technologies.
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 money and time by effectively managing vendor disputes. Leverage our experience, process, and procedures to ensure your organization successfully manages, and saves money on overcharges, collections, or SLA disputes.
Ensuring that the contracts you have put in place are adhered to can be a tricky business. Giving the process the proper attention can lead to a number of benefits for the function and the business. We quickly and effectively provide your organization with tools, visibility, and insight to contract compliance opportunities.
Audit vendor compliance and recover past over-charges. Extropy’s audit process helps enforce vendor management and relationships, and typically result in significant monies recovered back to the organization.
Getting visibility and insight to your spend is the single most important element in reducing waste. Utilizing big data and BI tools we can efficiently analyze your raw data and provide you with a clear understanding of your spend, develop optimization strategies, and manage execution.
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:
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