Most businesses today are so geared toward generating revenue, they often fail to focus on the money being wasted on inflated, indirect expenses.
That’s where we excel.
We are Expense Reduction Consulting (ERC®).
We utilize a fine-tuned methodology developed in 1993. This process has helped a wide range of companies increase their bottom lines by decreasing their often-elusive over-inflated indirect costs.
We do not focus on cutting employees, just your regular, indirect expenses such as equipment maintenance contracts, telecommunications, printing, merchant processing and office supplies; plus a cadre of other cost-eating culprits that you might not have given a lot of thought to, but that we are determined to uncover.
Perhaps best of all for our clients is our No-Risk Pay For Performance Compensation Plan. It means that the only way our consultants make money is when cost savings have been fully implemented and documented. There is absolutely no risk to you, the client. No fee is charged unless the company saves money as a direct result of ERC’s efforts. Upon implementation of our recommendations, ERC shares the savings with your company during a specified period of time.
Contact us for a no obligation review of your expense categories.
Our cost reduction professionals assist companies in reducing costs by helping purchase goods and services more effectively. We do not sell products but, rather, make recommendations and negotiate on our clients’ behalf.
Our clients are, therefore, able to steadily reduce indirect costs on a long-term basis, saving from five to fifty percent or more in these essential, underlying categories. This adds direct dollars to their companies’ bottom lines, usually quicker and easier than can be produced from increasing sales.
In today’s competitive environment, reducing overhead and costs are as important as increasing sales. A practical, long-term solution is to reduce the outlay for regularly purchased goods and services for which many businesses “unknowingly” overpay.
Expense Reduction Consulting targets indirect and consumable expense categories. Then we zero-in on the most common profit leaks, showing you how to eliminate them. This could include negotiating more beneficial terms and pricing with existing suppliers and/or finding equally capable alternative sources.
Even small and mid-size firms can be wasting significant amounts of money on “hidden” expenses.
Individually, any one of these categories may seem insignificant but when combined, they can easily add up to tens of thousands of dollars.
In addition to our core competencies, ERC partners with a select group of expense category specialists. This insures that our clients receive a thorough review of all applicable expense categories.
It is important to note that ERC never suggests cutting employees.
Instead, we work closely with your purchasing department or designated personnel to teach them how to reduce expenses while still receiving the same or better quality goods and services.
After reviewing purchasing records and determining your needs, your ERC consultant begins a 7-step process called ERC’s Road Map to Cost Savings. This time-proven proprietary system enables them to systematically generate significant percentage savings in most expense categories reviewed.
Our first step is targeting those business-specific categories that show the greatest potential for savings. We then benchmark your firm’s current indirect expenses and, then, demonstrate how to consolidate suppliers and reduce long-term costs, quantifying options and making written recommendations.
After the client has approved these recommendations, we assists in the implementation of all programs.