Cost Optimization in Corporate & Admin Support Services with Expense Reduction Analysts
While in-house staff can manage most day-to-day aspects of running an organization, it common to outsource certain services, such as IT support, legal counsel, and various suppliers that maintain equipment, etc.
However, it can be challenging to determine if these necessary aspects of your business cost more than they should.
ERA consultants assist clients with reviewing professional service expenses to assess cost-savings opportunities while maintaining (sometimes exceeding) standards of quality.
Cost Categories
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Marketing, Advertising & Media Services
Marketing, Advertising & Media Services help organizations to effectively promote their products and services, boost brand awareness, and ultimately drive sales. A multi-faceted category, spending is often diversified across multiple media channels, including online, print, radio, and television – to name a few.
Expense Reduction Analysts can evaluate spending and objectives to determine if there are ways to reduce marketing and advertising expenses while achieving the same or even better results.
Food & Catering Services
Whether it’s providing food or meals on or off-site, businesses and institutions incur costs related to food services, including food and catering services.
Catering companies often work with organizations to prepare and serve food at various events or as part of the services provided by the company.
Expense Reduction Analysts collaborates with clients to help improve cash flow by taking a close look at corporate catering services, the costs associated with catering and foodservice distributors, and the expenses allocated towards foodservice supplies.
Professional Services
From an operational viewpoint, the day-to-day aspects of running a business may be relatively predictable when the right people and processes are in place.
However, for specialized expertise (corporate lawyers, auditors, architects, etc.), businesses often contract with external professionals.
Knowledgeable, experienced Expense Reduction Analysts consultants work with clients to review professional services expenses and overall value.
Fleet Management
Expense Reduction Analysts has experts in Fleet Management who lend their skills to businesses to investigate all aspects of their car fleet, ensuring they meet specific needs and requirements. They can help achieve the best buying and leasing conditions, while identifying savings opportunities.
Office Supplies, Equipment & Furniture
Pens, paper, staplers, binders, toner cartridges, and more are business essentials.
Companies of all sizes use office supplies every day, and these expenses can add up quickly.
Are the cheap office supplies promised by office supplies distributors really the least expensive?
Are bulk office supply purchases always the lowest cost alternative?
Expense Reduction Analysts can help organizations in managing expenses by bringing “insider knowledge” forward about suppliers and pricing to clients.
Managed Print Services (Copiers, Printers, MFD's)
Businesses rely on copiers and printers to print the necessary documents in day-to-day operations. Expense Reduction Analysts has experts well versed in managed print services who review all processes and expenditures, including costs related to printing, equipment, and services, as well as lease rates.
Our team can help your organization determine if current pricing is competitive, whether it’s better to lease or buy, or whether contract terms are favorable.
Records & Information Management
Business records management is the practice of controlling a company’s essential records from creation and storage to disposal – and every industry is subject to regulations for records compliance and data protection.
Today’s businesses depend on electronic records management systems and software to ensure the integrity of payroll, financial, medical, government forms, etc.
Expense Reduction Analysts can help you ensure your business has the best procedures in place, at the best rates.
Printing
Printing services, and the need for printing supplies, vary widely from business to business. Books, magazines, brochures, posters, and other documents are examples of printed materials. Yet, each of these materials could require different processes and equipment depending on color, quantity, and other variables.
Some companies require commercial printing services from printing companies who handle large-scale business printing needs, beyond standard desktop publishing.
Expense Reduction Analysts can conduct a thorough review of your printing services to determine cost savings potential.
Mail Management
Whether it’s through email or letters, businesses rely on external services to send, store and manage high-volumes of correspondence.
Expense Reduction Analysts helps organizations to find the most suitable mail management options to fit their needs and identify savings opportunities.
Corporate Travel Management (CTM)
Corporate travel expenses can quickly add up – and if not correctly managed, become a significant expense.
Expense Reduction Analysts is well-versed at negotiating travel costs and can help organizations ensure they are getting the best rates – while providing a transparent view into spending patterns in the travel cost category.
Taxes
Due to their complexity, corporate taxes can be challenging for many organizations to manage on their own, so it’s common to outsource professional assistance – especially when it comes to business tax preparation.
Expense Reduction Analysts can analyze clients’ tax preparation fees to determine if service rates are reasonable and competitive in the marketplace and identify if extra cash flow opportunities exist.
