You’re spending more than you think…Contractors, consultants, temporary workers or contingent employees – more and more of today’s large businesses need their services regularly. The total amount spent on these services, along with the administrative expenses associated with sourcing them, lies buried within “indirect expenses.” Indirect expenses – the cost of external goods and services – can be half of a company’s total expenses, with 30 to 70 percent of those expenses attributed to services.

For a company with $1 billion in annual revenues, spending on services could be $150 million or more.You’re saving less than you could…Multiple suppliers, multiple contacts, and multiple invoices just multiply your costs. No matter what kind of discount you negotiate with each supplier, you will give it all back in administrative overhead. Studies have shown that hiring managers – typically among the higher paid employees – spend almost 25 percent of their time searching for resources. The indirect expense of too many phone calls, too many interviews and too much paperwork equals an all-too tangible loss in productivity and a direct effect on the company’s bottom line.