SIB Development & Consulting

SIB was founded in November 2008 by entrepreneur Dan Schneider just weeks after the financial crisis which led to the Great Recession. Despite the economic downturn, SIB grew steadily with estimated revenues of $2 million in 2010 and $6 million in 2011, while continuously hiring to keep pace with growth.[1] Schneider has said that the recession played a role in SIB's successful start, since the company offered a way for other businesses to make up for lost revenue.[3]

In 2013 SIB moved to a newly renovated 10,400-square-foot headquarters building in the upper peninsula area of Charleston. This facility is expected to allow SIB to eventually grow to up to 100 employees.[4] SIB merged with Cost Control Associates, a highly regarded utility expense management firm, in September 2020. Cost Control Associates has been helping businesses and other multi-site organizations manage energy and other utility expenses since 1991.

Kevin Flounders was named CEO of SIB Fixed Cost Control in November 2018.

SIB reviews businesses' fixed monthly costs and makes recommendations for cost savings in more than 90 categories of expense. These include utilities, waste removal, telecom, uniforms and laundry services, treasury and bank fees, property taxes and much more.

SIB analysts work from headquarters in Charleston, SC, as well as remote locations across the country. Analysts have industry-specific experience that gives them the insider knowledge needed to find the most savings for clients. SIB's savings typically result from obtaining credits or refunds for past and current billing errors, contract non-compliance and rate reductions. Most work is done on a contingency basis so that the client pays a percentage of the savings achieved. There are no upfront fees: If SIB finds nothing, the client pays nothing.

SIB's client base comprises companies and businesses with multiple locations such as grocery, retail and hotel chains, auto dealerships, hospital and medical groups, banks, senior living homes, manufacturers and more.

SIB promotes an upbeat and informal office culture. One longstanding company policy mandates that, rather than facing more traditional disciplinary action, any employee who makes a significant mistake must instead buy ice cream for co-workers. This practice draws enough attention to the offender to discourage future errors while addressing transgressions in a more positive manner.[5]

SIB has policies to promote work-life balance and workplace wellness. The company provides its employees with a free, healthy lunch cooked by an in-house chef every work day. The company also allows employees to bring their dogs to work. SIB designed its Charleston headquarters facility to include an employee gym, outdoor pet area, outdoor meeting space and natural light throughout the building.[6]

• Official website