AArete delivers on companies’ strategic initiatives by focusing on reinvention and delivering value-managed relationships across your third party spend. We execute customizable approaches, identifying and implementing leading cost management strategies. These solutions enable you to tackle complex challenges ranging from spend criticality analysis to maximize the value created from your third-party relationships and re-establishing horizontal integration and partnerships to establishing an agile engagement model to meet your company’s strategic targets. Our experience working with companies in all stages of growth and all stages of reinvention from market factors, coupled with industry leading experience, provides us with insight to present the right approach to deliver immediate and sustainable hard dollar results, helping clients save 18%* on their operating expenses.
Featured Cost Management Services
Strategic
Sourcing
Optimize supplier relationships for optimal ROI
Spend Cube & Opportunity Assessment
Identify wasteful spend and implement controls for ongoing cost savings
Vendor Management Office
Vendor contracting, service delivery, ongoing monitoring, and re-contracting advisory
Procurement
Optimization
Policy and process-driven transformation
ESG Strategies
Establishing or strengthening ESG goals from diverse supplier strategy to net zero emissions reporting
IT Cost Reduction
We craft bespoke strategies for driving cost efficiency and operational excellence across all facets of your technology ecosystem
Strategic Sourcing
We specialize in helping businesses convert their needs into supplier strategies that provide maximum financial and operational value. With years of market intelligence, we create engagement strategies and negotiation approaches that maximize the value of supplier relationships and yield true bottom-line impact for our clients. Our expertise in complex business operations provides insights and considerations that drive important discussions on needs and end goals.
Our strategic sourcing approach is innovative and impactful, with a strong focus on aligning every supplier agreement with our client’s unique business goals. We offer a range of services to help our clients achieve their goals, including demand management, unit cost reduction, supplier consolidation, contract compliance, and value.
Spend Cube and Opportunity Assessment
Our rapid spend cube and spend opportunity assessments identify cost reduction opportunities and critical insight into the organizational effectiveness of managing costs. We leverage our market intelligence and our robust diagnostic tool to recommend opportunities to reduce costs and deliver operational excellence at a spend category or supplier level and implement process controls to reduce wasteful spend.
Vendor Management Office
Globalization and cost effectiveness has increased reliance on third-party suppliers for critical materials, technology, and services. As the reliance on outside companies has increased, a new management mechanism supported by actionable KPIs are required to manage service level expectations and costs. Our team develops leading Vendor Management Offices (VMO) serving as the organizational vehicle to lead and coordinate critical supplier oversight through the contracting, service delivery, ongoing monitoring, and re-contracting phase. Whether supporting large implementations or managing ongoing supplier relationships, a VMO ensures formalized oversight to protect the organization.
Procurement Optimization
Achieving the expected outcomes from supplier agreements requires that organizations have the right organizational structure supported by the appropriate policies, tools, strategies, and empowerment to execute effectively. Quite frequently, procurement needs to be better positioned to buy from preferred suppliers, use the actual contract terms, and the right buying process. We leverage KPIs and data to identify bottlenecks in the procure to pay processes caused by people, policy, process, or use of technology that often result in suboptimal outcomes. Our team of specialists establish a customized roadmap to transform your procurement function while meeting expected performance levels.
Environmental, Social, & Governance (ESG) Strategies
Customers, regulators, investors, and employees have set the stage for ESG priorities to dominate the next 5+ years of business decisions. From delivering net zero targets to enhancing supplier diversity goals, AArete’s team of experts, powered by our AAchieve.ESG platform, enable our clients to deliver upon even their most ambitious ESG goals.
IT Cost Reduction
At AArete, we specialize in bucking this trend, demonstrating a proven track record of effecting substantial cost reductions while fostering value creation for IT and finance leadership alike. Through close collaboration with your key stakeholders, we craft bespoke strategies for driving cost efficiency and operational excellence across all facets of your technology ecosystem, including software, services, cloud infrastructure, and hardware. Our work is always backed up with data, benchmarks, and an experienced team to support you in organizing, governing, delivering, and enabling IT capabilities to achieve your business needs.
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Looking to optimize profitability and cost management? Let’s identify cost savings potential together.
Our Cost Management Experts
*Based on average savings of Profitability Improvement projects on non-labor operating expenses, June ‘22 – June ‘23