SIB Holdings Revolutionizes Expense Management with Strategic Investment in ProcureAmerica

Expense management is a critical aspect of running a successful business. Companies are constantly searching for ways to reduce costs and improve their bottom line. In this pursuit, SIB Holdings has made a strategic investment in ProcureAmerica, a national provider of contingency-based cost reduction and contract compliance services. This investment is set to revolutionize expense management by offering businesses a comprehensive solution to reduce spend across various categories.

SIB Holdings, a leader in fixed cost reduction services, understands the importance of optimizing expenses to enhance profitability. The company provides invoice analysis, vendor management, and contract compliance services to customers in industries such as telecom, utilities, treasury, shipping, and waste. With their headquarters in Charleston, SC, SIB Holdings has established itself as a game-changer in the expense management industry.

ProcureAmerica, led by CEO Fred Armendariz, specializes in delivering cost reduction and contract compliance services primarily to the government, education, and healthcare sectors. The company's expertise lies in key spend categories such as utilities, telecom, and waste. By partnering with SIB Holdings, ProcureAmerica can now tap into exciting cross-selling opportunities and leverage SIB's broader service offering.

The strategic investment by SIB Holdings allows both companies to combine their strengths and create a comprehensive expense management solution. With deep expertise in local and state government, higher education, and healthcare, ProcureAmerica aligns perfectly with SIB Holdings' go-to-market approach and culture. This partnership enables ProcureAmerica to help clients reduce spend in a broader range of spend categories than ever before.

Kevin Flounders, CEO of SIB Holdings, emphasizes the significance of ProcureAmerica's addition to the SIB platform. He states, "ProcureAmerica is a strategically important addition to the SIB platform. This enables SIB to firmly establish a presence in new growth sectors." With the ability to provide market-leading spend visibility and cost optimization, SIB Holdings is poised for continued growth and success.

Fred Armendariz, the CEO of ProcureAmerica, expresses excitement about the partnership with SIB and O2 Investment Partners. ProcureAmerica is honored to work with the SIB/O2 family of "best in class" service providers and is certain that their clients will greatly benefit from this added capability. The collaboration strengthens ProcureAmerica's capacity to deliver services and expense management programs to their clients effectively.

Pat Corden, Partner at O2 Investment Partners, affirms that ProcureAmerica's culture, segment focus, and business development strategies enhance the SIB platform as it continues to expand. The partnership between SIB Holdings and ProcureAmerica highlights their shared commitment to delivering exceptional cost reduction and contract compliance services. Together, they look forward to continued growth and success.

SIB Holdings' investment in ProcureAmerica opens up new possibilities for businesses seeking to optimize their expenses. By combining their expertise and resources, SIB Holdings and ProcureAmerica offer a comprehensive expense management solution to clients across various industries. This strategic collaboration is set to revolutionize the way businesses approach cost reduction and contract compliance.

Expense management is a critical function for any company, and businesses are always on the lookout for innovative solutions to optimize their expenses. With SIB Holdings' investment in ProcureAmerica, businesses now have access to a comprehensive expense management solution that covers various spend categories. The partnership between SIB Holdings and ProcureAmerica brings together industry leaders to deliver top-notch cost reduction and contract compliance services.

In conclusion, SIB Holdings' strategic investment in ProcureAmerica is poised to revolutionize expense management. By leveraging their combined expertise and services, SIB Holdings and ProcureAmerica offer businesses a comprehensive solution to reduce spend across multiple categories. As companies continue to prioritize cost optimization, this partnership empowers them to achieve their financial goals while maintaining operational efficiency. With SIB Holdings and ProcureAmerica at the helm, businesses can confidently navigate the complex landscape of expense management and unlock new opportunities for growth.