Imagine that instead of paying $1 million to reach a goal of $3 million dollars, you only had to spend $750,000. Find out how we can help reduce overhead.
One of our clients used two major mobile carriers for employee communications without thinking twice about the contracts. Find out how we found savings buried in the lines of their contracts.
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.
Improper employee classification codes caused very high overcharges and an inflated EMR, which went unnoticed because of jargony contact language.
While you cannot completely eliminate the costs associated with the products and services you need to get your work done, you can find ways to trim back those costs. Here are five of the most common places to find savings in your monthly outlays.
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