IS YOUR ECOMMERCE BUSINESS PAYING TOO MUCH FOR ESSENTIAL SERVICES?

Your team has more important things to do than to conduct a thorough audit and renegotiation of your business expenses; but that’s what Schooley Mitchell does, all day, every day. We optimize your expenses so you can focus on doing what you do best.

At Schooley Mitchell, we’re entirely independent of any vendors. Our consultants receive no incentives or bonuses from services providers. In fact, we’re so confident in our ability to negotiate savings for our clients, we’ve based our business model on that very fact; if we don’t deliver savings, we don’t get paid.

Shipping

Have you considered splitting your shipping business across multiple vendors?

Vendors tend to specialize in certain areas so playing to their unique strengths can reduce your overall costs.

Are you paying for unnecessary delivery guarantees?

Being more flexible on delivery times can significantly reduce your costs.

Do you review your monthly statements to ensure the correct charge codes are used?

Charge codes can be very confusing and require a detailed review to ensure you are being charged correctly.

Merchant Services

Do you reference the "effective rate" to evaluate how competitive your processing fees are?

A blended pricing structure makes it more difficult to fully understand all the factors impacting your fees.

Do you know how your current processing environment impacts your processing fees?

How you process payments and capture data can have a big impact on your monthly fees.

Have you asked your processor to provide you an "interchange-plus pricing" quote?

This pricing structure is often the least expensive and most transparent option.

Telecom

Have you conducted a recent usage audit across your telecommunications system?

In many cases, we find inefficiencies and redundancies in the number of lines and features.

Have you considered moving to a Voice over IP platform?

Cloud based telecommunications systems typically provide unique features at lower costs.

Do you know when your current plan automatically renews?

Companies typically only have a 30-day window to make changes to their current contract.

Waste

How predictable is your waste every month?

Variability in your waste from month-to-month makes a big difference to certain service providers.

Is your container size and collection frequency optimized?

Finding a provider that is both cost effective and meets your needs can be challenging.

Are your waste disposal fees changing frequently over the course of the year?

A professional audit of your expenses can get to the bottom of it.

Case Study

The Client:

Signs a Service Agreement that covers our business terms
Provides us with bills, or online access to their accounts, so we can establish a baseline of their current rate structure
Signs a letter of agency, so we can negotiate with their current vendors
Describes their current processing environment

Schooley Mitchell:

Uses our benchmarking data to research options nad negotiates better pricing for the client
Requests, reviews, and validates competitive quotes from other processors
Negotiates with the current vendor for a re-rate
Compiles our research and recommendations into a Value Report
Assists with the cancellation of services if needed
Assists with compliance standards
Implements pricing and changes
Confirms the new price 30 days after implementation

Doing a cost analysis on your own can be an overwhelming task. Schooley Mitchell takes a strategic approach, breaking down our risk-free analysis into several phases to ensure every aspect is considered.

As part of our process, Schooley Mitchell reviews your payment processing services and needs to ensure your costs are optimized and your bills are free of errors.

Schooley Mitchell’s specialized software, benchmarking tools and best-in-class pricing databases ensure our clients never pay too much for their essential services. Schooley Mitchell has relationships with carriers across North America, as well as extensive knowledge of the marketplace.

Client A:

Schooley Mitchell conducted a complete merchant services review for Client A, an e-commerce store that accepts payments online and over the phone.

They were paying $128,009.31 in monthly fees
They were integrated with Point-of-Sale software
There were multiple currencies, processed globally
They used one American processor for all accounts

Client A - Savings Breakdown

Schooley Mitchell’s analysis found that all of Client A’s accountsoutside of North America were on the wrong rate structure.

Schooley Mitchell negotiated and implemented the proper rate structure on each account. The client’s estimated savings over the 36-month agreement is $3,878,899.20.
The client will continue processing with their incumbent vendor and receive annual savings of 50.5%, totaling $775,779.84, after implementing our recommendations.

IS YOUR ECOMMERCE BUSINESS PAYING TOO MUCH FOR ESSENTIAL SERVICES?

Savings Delivered

Cannabis Products eCommerce

$129,297

SPS Services Savings

International eCommerce Business

$775,000

Payment Processing Savings

Large Clothing eCommerce

$124,000