Conducting comprehensive, detailed reviews of all service provider agreements. This would include a summary of all costs and dates of service for all agreements for both the platform company and the add-on investment company.
Creating plans of action. We can determine how to most efficiently and cost effectively combine and/or terminate the service agreements, with details of the associated potential cost savings and timelines of execution.
Executing plans and communicating with the outside service providers. We can work directly with providers and communicate to management and employees the resulting go-forward strategy.
When adding new investments to existing platforms, many PE firms face redundancies and duplicates across systems and key service providers — such as payroll, CRMs, third-party accounting systems, IT services and many others.
We can drive costs and efficiencies of add-on platform investments sooner by: