Methodology Has Saved Organizations Over $500M
FORT LAUDERDALE, Fla., March 8, 2023 (Newswire.com) - Vector Advisory is pleased to announce the launch of a new Cost and Vendor Management practice that has helped organizations identify opportunities to reduce spending through cost optimization and vendor management. The practice is led by Michael Salazar, a former Big 4 partner with over 25 years of finance and operational experience. Throughout his career, Salazar's clients have saved millions of dollars by identifying redundant spend, renegotiating vendor contracts and eliminating waste in several key areas such as telecom, IT, waste management, shipping, and merchant services.
"I'm excited to bring my experience to Vector Advisory," said Salazar. "The organization has already established itself as a leading partner to multiple private equity firms, helping their companies efficiently integrate acquisitions and optimize finance and accounting functions. The Cost and Vendor Management service will provide our clients new opportunities to drive profitable growth across their portfolios."
Vector Advisory's approach leverages proprietary tools and methodologies that allows the work to be completed offsite, allowing the client team to focus on more critical functions. Client staff typically invest a total of one to two hours to help gather the information necessary so Salazar and his team can conduct their analysis. In addition, fees are typically paid on a contingency basis, so the client has no up-front risk or cash out of pocket.
"We're thrilled to have Michael on board," said Shelby Faubion, founder and Managing Director of Vector Advisory. "Michael's background and experience is just what our clients need to identify potential cost-saving opportunities resulting from a detailed review of existing process efficiencies, and contract and system alignment across their portfolios."
For more information on Vector Advisory's Cost and Vendor Management practice, please visit https://vector-advisory.com/service/#Cost-and-Vendor-Management.
About Vector Advisory
Vector Advisory is the go-to partner for private equity firms, family offices, and their portfolio companies. We provide cross-functional leadership to drive successful merger and acquisition integration and portfolio company onboarding. We also deliver best practice solutions across the office of the CFO, providing interim management and financial transformation services to optimize accounting transaction processing and financial reporting. For more information, please visit https://vector-advisory.com/.
Contact Information:Michael Salazar
Managing Director
[email protected]
(206) 775-5938
Original Source: Vector Advisory Launches Cost and Vendor Management Service Practice
