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Ingenuity Sourcing Solutions

Hospitality

Hospitality Cost Reduction Strategies: You Save or You Don't Pay

Margins are tight in hospitality. Let's expand them. On average, we find about 28% in immediate cost savings for Restaurants and Hotels in areas like Credit Card Processing Fees, Waste management, Telecommunications, Linens, Breakroom and Cleaning Supplies, Utilities, and FICA payroll tax expenses.

We focus on your expenses so you have more time to focus on your customers, and then we take it one step further and manage your vendors for you on and ongoing basis making sure they don't raise their prices over time and deliver the value that you expect. We are your expense management Watchdogs!

Where the overhead hides

The costs worth reviewing here

  • Thin margins hit hardest by recurring fees and supply agreements
  • Service contracts set once and never revisited

How it works

A risk-free review, in three steps

01

Benchmark

We compare what you pay against market data for organizations of your size and profile. The gap is where the savings live.

02

Renegotiate or correct

We renegotiate the agreements you already have or surface the billing errors inflating them. In most cases you keep your current vendors.

03

Monitor

We watch the line items going forward so rate drift and quiet auto-renewals do not unwind the savings.

See what we would find

The review is independent and risk-free. We work out of the savings we find. If there is nothing to find, there is no fee.