ERA partners with real estate firm to improve supplier relationships and create net savings of $600K
A real estate firm headquartered in Denver, CO, that owns and operates 26 multi-family communities in seven markets was referred to Expense Reduction Analysts.
During the initial meeting, leaders identified immediate needs in the accounts payable and payroll processing areas.
After implementation, real estate leaders were impressed with the ERA capabilities and process. The client elected to start four additional cost-saving projects across office supplies, coffee services, operational supplies, and elevator maintenance.
To date, ERA reviews have created $300K (3%-37%) in annual savings, projecting a 3-year net return of $600K.
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"ERA has generated savings in all areas, primarily with our existing suppliers. More importantly, they have created visibility and insight for our teams, negotiated improved terms and conditions across the board with our suppliers, and positioned us for continued growth with these relationships. "