Some of Our Most Recent Client Success Stories
ERA Reduces Manufacturing Client’s Freight Costs Despite Record-High Market Rates
Cost Category: Truckload Freight
Situation: A $65MM Northeast manufacturing client engaged ERA just prior to the pandemic to review several categories, including freight.
Solution & Savings: After conducting a full carrier-market assessment, ERA reduced the client’s freight cost by 22%. ERA is now managing the client’s freight program and despite a pandemic-related 70% increase in carrier rates during the past year, the client continues to beat the market by 18%–22% without any degradation in service.
Workday Service Partner Improves Cash Flow in Midst of Pandemic
Situation: A $150MM pioneer of business-process-as-a-service outsourcing engaged ERA in 2020 to review several expense categories. The client wanted to improve financial performance during the pandemic by leveraging ERA’s expertise across several cost categories.
Solution & Savings: To date, ERA has identified incremental and sustainable cash-flow improvements of more than $70,000 per month in information technology, small package freight, treasury services, and health insurance costs, primarily through process and pricing improvements from incumbent service providers.
ERA Addresses Pandemic-Related Margin Pressure for Wholesale Tools Distributor
Cost Category: Merchant Card Fees
Situation: Challenged by pandemic-related margin pressure, the CFO of a $400M wholesale distributor of tools
initially engaged ERA to review several cost categories. The client was reluctant to look at merchant-card fees,
however, as the financial institution that provided their processing solution, as well as other third-party consultants, had told them there were no improvements that could be made.
Solution & Savings: After reviewing the contract and the charges, ERA identified a new platform solution that will upgrade the client’s processing capability and reduce their costs by a projected $750,000 in net savings over five years.