Our cost reduction strategies go beyond conducting a competitive bidding process and recommending changing vendors. In fact, 82% of our recommended solutions have involved keeping our clients' existing vendors. Learn more about our cost savings methods here.
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Published by Marc Freedman on December 1, 2017 The 2017 Deduction Limit is $510,000 It's great that states are giving out potentially billions of dollars in breaks to corporations moving their headquarters (who definitely needs it, right?), but what about everybody else? IRS Section 179 allows businesses to deduct the full amount of equipment (and certain software) purchases, up to a certain amount. This even applies to certain finance options and lease options! That means, whether you're considering cash purchase or
Published by Marc Freedman on March 10, 2017 Challenge: Maintain high standards as cost and member retention pressures intensify. Like many country clubs operating in the current economy, costs for this Mid Atlantic client are increasing even as membership is decreasing. Efforts to cut costs while maintaining high-quality member services is a tough balancing act. On one hand, members may leave if dues, fees and prices increase to offset financial pressures in other areas. On the other hand, if costs
Published by Marc Freedman on November 30, 2016 What is The Difference Between an Accountant, CFO and Expense Reduction Consultant Accountant Certified Financial Officer Expense Reduction Consultant Compiles your companies financial statements from client-provided data. Works mostly in the past– using the historical data from your business Delivers updated financials weeks or months after the close of an accounting period(month, quarter, or year) Compiles financial statements in accordance with tax and regulatory requirements and practices consistent with the type of
Published by Marc Freedman on November 29, 2016 Although expense reduction benefits can be achieved without outside assistance, our experience suggests that better results can be realized by using a specialized consultant. The operative word here is “specialized.” In our view you will be better served if you engage a firm that is: Singularly focused on expense reduction Experienced at the specific spend category level, with specialized resources Independent and unbiased, with category specific benchmark data Mindful of your commitment
Published by Michael Matalone on July 20, 2016 As you may be aware, it is of utmost importance to grow your business at a healthy rate which means that you need to keep costs under control. One of the primary problems with reducing the cost of hiring is the difficulty in capturing all of the associated costs that are not obvious. These include the cost of running ads and/or gaining access to the database of various job boards so you
New technologies can save you money in ways you may not have thought possible. Here are eight items that you can easily toss out the window to cut costs without compromising on quality.
Published by Marc Freedman on April 29, 2016 Cost is a phenomenon that needs to be controlled throughout the life of a company. Cost decisions hold a major significance and are usually handled by senior management executives. The financial stance of an organization, whether small or large, has to be managed by keeping in mind the businesses long-term achievable goals. The CEO or CFO is usually responsible for cost controls with the assistance of other high level staff in each department.
Most expense reduction consultants provide services on a no-cost, no-risk contingency fee model. Learn more about the model and its costs here.
Drop-for-drop, you may be surprised to know printer ink is more expensive than Dom Perignon champagne. Here are 10 ways to reduce your office printing costs.