SOURCE: Expense Reduction Consulting
SOUTHBURY, CT--(Marketwire - Jun 25, 2012) - Companies of all sizes can manage their indirect expenses more efficiently and cost effectively by consolidating certain expenses like maintenance contracts and travel expenditures. Brian Miller, COO of Expense Reduction Consulting® (ERC), says that utilizing a centralized approach to many indirect expenses will save companies money in the short and long term.
"Cost reductions can be achieved in many areas of a business with adequate oversight. However, specifically, there are some expenses, like maintenance contracts and travel related expenses, where companies can not only save money, but simplify the process of managing these costs, as well," says Miller.
With maintenance contracts, when using a centralized support system, companies can simplify the process and lower the costs, sometimes as much as 25-30 percent. This consolidated risk approach can cover such things as medical equipment, computers, security systems, HVAC systems, copy machines or most things with a moving or computer part, and oftentimes without changing your present support vendor. "Companies benefit from one-stop shopping for their maintenance contracts, providing insurance coverage for the maintenance of important equipment that is critical to their bottom line," says Miller.
For companies with employees who travel, understanding the cost savings of purchasing hotel rooms at volume discounts is critical. Miller says to centralize this indirect expense, companies should use a credible industry expert who will not only reduce the cost per room, but remove some of the administrative expenses of hotel shopping. These discounts are available for all levels of hotel hospitality.
As cost-cutting experts, ERC consultants are highly-trained to help business owners reduce long-term costs by analyzing their clients' expenses, negotiating or re-negotiating with suppliers and making recommendations, which result in long-term savings. They focus on helping companies and organizations realize measurable cost savings in other indirect expense categories including:
- Office supplies
- Maintenance contracts
- Professional services
ERC's cost reduction program has been in use since 1993 and has been directly responsible for generating significant savings for corporate clients in many industries.
To learn more about Expense Reduction Consulting visit www.ercsaves.com
About Expense Reduction Consulting®
Expense Reduction Consulting (ERC) has been established since 1993 and is directly responsible for generating significant operational savings for corporate clients in many industries. ERC targets "indirect and consumable" expense categories and identifies the most common profit leaks. ERC's goal is to negotiate and generate long term savings while using their client's existing and alternative sources. ERC is ranked on the prestigious Entrepreneur Magazine's 2012 Annual Franchise 500 list. ERC is a business coaching brand of Franchise Source Brands International™ (FSBI). To learn more about Expense Reduction Consulting® visit www.ercsaves.com