SFS Intec Ltd, part of the global SFS Group, is a leading provider of precision custom components and special fasteners. It has been developing, manufacturing, and distributing fastening solutions to the construction industry from its UK site in Leeds for over 100 years.
Bill Validation and Cost Recovery
SFS has been partnering with World Kinect to help manage electricity and natural gas invoice accuracy. Now, SFS was seeking additional support to help become more water efficient and uncover retroactive water billing discrepancies and potential savings to reduce future bills.
Just as with SFS’ electricity and natural gas supplier invoices, World Kinect conducted an audit of SFS’ water bills and identified savings from retroactive utility refunds and water efficiencies to reduce future bills.
World Kinect Solution
World Kinect’s team aggregated and reviewed SFS Intec’s historical water invoices, pinpointing a number of discrepancies in utility’s charges.
To recuperate the overcharged amounts, World Kinect carried out negotiations with the water supplier on SFS’s behalf and secured a refund.
World Kinect also conducted an assessment to identify areas of overconsumption and recommended water efficiency improvements.
Successfully retrieved a refund of £18K for historical overcharging.
Secured an annual saving of £2,500 in future charges.
Overall, World Kinect helped SFS to become more water efficient, leading to a saving of 30% off its water bills.
£2,500 IN ONGOING
We have been using World Kinect for a few years to help us get a good deal on our electricity and gas supply. So when they offered a water audit, I readily agreed. The process was quick and easy, and I would not have known where to start if I had tackled it myself.
IAN MORGAN, SUPPLY CHAIN & PROCUREMENT MANAGER, SFS INTEC, UK
DUE TO LOWER
For new contracts, we used our bespoke tendering platform which presents transparent offers from multiple suppliers, compared on a like-for-like basis, providing clarity and simplicity to the complex tender process, facilitating the procurement of competitively priced energy contracts and quickly identifying which are best suited to Radian’s requirements.