SOUTHBURY, CT–(Marketwire – Jan 4, 2013) – The day-to-day expenses of running a business, no matter what size, can very much affect the bottom line of any company. Decreasing the cost of over-inflated products and services is the mission for the cost-cutting experts with Expense Reduction Coaching® (ERC) serving business communities nationwide.
“The sole purpose for our coaches is to assist companies in reducing costs by helping them purchase products and services more effectively, saving two critical resources — cash and time,” says Brian Miller, COO of Expense Reduction Coaching® (ERC). ”Understanding and re-evaluating what you are paying for and who you are paying is essential to the bottom line of any company.”
Expense reduction experts deliver significant savings for clients by using extensive strategic sourcing experience working with business suppliers. Some of these reductions come from indirect expenses including:
Transaction processing fees – By re-negotiating these fees, businesses may realize savings of up to 40-50 percent over their current expenditures in this area.
Healthcare - Re-negotiating the cost of administering healthcare programs, benefit payouts and how the organization and employees are compensated can save as much as 15-20 percent each year on the business’ healthcare expenses.
Maintenance Contracts – By using a centralized support system, companies can simplify the contracting process and lower the costs as much as 25-30 percent.
Travel – Purchasing hotel rooms at volume discounts not only reduces the cost per room, but also eliminates some of the administrative expenses of hotel shopping.
“Long-standing relationships and inadequate oversight are the primary reasons for the gradual increase in costs for most businesses,” says Miller. “Most business owners are not asking the right questions of their suppliers.”
The cost-cutting experts from ERC are highly-trained to help business owners create a culture of cost reduction by helping them understand the benefits of analyzing their expenses, negotiating or re-negotiating with suppliers and rewarding those whose participation truly results in long term sustainable savings.
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.
For more information about Expense Reduction Coaching, please visit www.ercsaves.com.
About Expense Reduction Coaching
Expense Reduction Coaching (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 Coaching visit www.ercsaves.com
Expense Reduction Coaching® is a registered trademark of ERC Franchising, LLC. All rights reserved.
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