Copyright 2019 by NextGen Sourcing Consulting

FAQ

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Process

Is there a fee for your assessment…?
There is no fee for our initial assessment.
How long does it take to run a business assessment…?
Our initial meeting is typically no more than 15 minutes. During this session, we will gather basic information about your company to determine which tax incentive, business expense reduction programs you may qualify for as well as potential revenue gain opportunities. This can be done onsite, over the phone or via web conference…whichever best accommodates your schedule.
What information do I need to provide…?
After the initial interview we will follow-up to get additional detail based on the service benefit opportunity. As an example, to determine how much revenue you could generate from paying your vendors virtually, we would just need a summary of your accounts payable spend sorted by supplier. In 3-5 business days we’ll get back to you with an estimate of the rebates you could earn.
Do we have to change our business service providers…?
Not at all. If you are satisfied with the current level of service of your credit card merchant processor, cell phone or business insurance or other service providers, continue with them. Use us to make sure you are not inadvertently being overcharged for any fees that don’t apply to your business.
What happens if we change a service provider…?
Our expert team will continue to act on your behalf to make sure your new business service provider is billing you only for fees or line items that apply to your business. We provide peace of mind, month in and month out, so that you can focus on running your business.

Results

Will my business qualify for a savings benefit…?
In our experience 9 out of 10 companies can benefit from one or more of our services. Your savings level will depend on what our team determines when they evaluate selected areas of your business.
Are savings ongoing or a one-time benefit…?
This depends on the service type.  Services that are recurring will continue to deliver savings as long as you are using those services.
When are recurring savings paid out…?
Savings from recurring programs will be delivered on an ongoing basis, typically beginning within 3 weeks of our analysis of your business data and verification of benefit level.
When are project savings paid out…?
Project savings are typically paid out within 30 days of confirmation of your total savings benefit and recovery from the underlying service provider or taxing authority.

Contact Us

  •  Vipon Kumar - Founder
  •  Phone  203-570-3562

About Vipon

Vipon most recently served as Chief Sourcing & Trading Officer of Daymon Worldwide (a Bain Capital portfolio company), where he and his team efficiently managed +$10Bn annual spend of many retailers around the world. Vipon has a stellar record of creating highly profitable sourcing-procurement situations in his every professional assignment during the past 30 years. In addition, Vipon has turned around three companies with annual revenue ranging from $40-$100M.

Vipon founded NextGen Sourcing to utilize his decades of diverse executive level experience in six different industries performing global strategic sourcing and supply chain function. Nextgen Sourcing utilizes its access to proprietary technology and the best human talent to perform a no-obligation discovery exercise for creating a customized cost reduction strategy unique to your situation. We only get paid if we save you money and our share is a fraction of what we will save for you.

Vipon earned his MBA degree from Thunderbird School of Global Management in Arizona and subsequently continued his education from Harvard Business School, MIT, and Columbia University. Vipon resides in Philadelphia area and he is available globally to help your business save money and reduce expenses, and transform your sourcing-procurement.

NextGen Sourcing is well positioned to facilitate a leap-frog of your sourcing-procurement function to a holistic level across the full value chain to capture the hidden profit for you.

 

  •  Phone  203-570-3562