NewswireToday - /newswire/ -
Batesville, IN, United States, 2012/02/07 - SMP announced today the formation of its Retirement Benefit Practice Group to add to its’ 14 unique indirect spend optimization categories - SpendManagementPartners.com.
Edward G. Siddell, Practice Leader, joins SMP after 25 years in the Retirement Benefits industry. His tenure compliments SMP’s reputation of a Practice Leader roster of the best and brightest in market.
Tom Glaser, Managing Partner, comments,“What companies are charged by Retirement Benefit providers is all over the map. SMP’s purpose is to uncover opportunities in spend categories characterized by inefficient price/cost structures. In this category, like all categories, we review and analyze companies’ current provider relationship versus competitors and best in market, then validate and co-pilot implementation of adjustments.”
Ed Siddell, Practice Leader, says,“Our work in this area is supported by the US Labor Departments interest in plan administrators and investment companies to disclose the cost of 401K plans. The fee disclosure regulations may very well turn out to be the most important change in the history of the 401K plan.”
SMP (spendmanagementpartners.com) drives cash flow and cash flow productivity for clients by optimizing service and supplier relationships within Core Services and Corporate Services areas of indirect cost. Spend Management represents clients in the Services, Manufacturing, Healthcare, Financial, Banking, Real Estate, Consumer Products, Education and Non-Profit Industries.
Spend Management Partners is leading the next generation in service and supplier centric displine. From whom do you buy? What do you buy and why? What are you paying and TCO? What are you getting? How do you manage contracts?