Reducing Business Expenses

In a world where there is an increasing demand for productivity and speed of information transfer, the trend of outsourcing has not only staying power but is a flexible option in minimizing cost. That's where Expense Reduction Consulting, Inc. (ERC) comes in. ERC is a national procurement outsourcing group formed in 1993. Their main purpose is to assist companies in reducing overhead by helping them purchase more effectively. ERC is not into selling products, but does make recommendations and negotiates on the behalf of their clients. In addition to their strategic methods, they partner with a select group of expense category specialists as well. This is to ensure that their clients receive a thorough review of all applicable expense categories.

It makes sense to want to save a dollar wherever you can. Outsourcing is a great business strategy and relationship model. It creates flexibility, and offers the model of being able to focus on other core concerns within your business. ERC's clients have reduced overhead on a long-term basis, which creates longevity within a company, especially during recessive times. Victor Ronder, President and CEO says, "We help clients manage and develop their businesses along with suppliers." In today's competitive environment, reducing overhead is as important as increasing sales. "We help clients generate savings by consolidating suppliers, and help renegotiate deals to save them money," says Ronder. At Expense Reduction Consulting, they zero in on the most common profit leaks and show you how to eliminate them. ERC might be able to negotiate a better deal with the existing supplier or find a benefit from using an alternative source.

Even small and mid-size firms can diminish significant amounts of money on basic overhead expenses. Ironically, any expense category may seem unimportant but when added together, they quickly multiply into thousands of dollars. ERC does not endorse cutting employees. Instead they show people or purchasing departments how to cut expenses, and maintain better quality goods and services at a reduced price.

ERC begins by targeting those categories specific to each business where there is potential for greater savings. After reviewing the purchasing records and determining your needs, they renegotiate with the current suppliers and provide introductions to alternative sources. ERC can measure out options and make written recommendations. After it has been established as to which supplier will be utilized, they assist in the implementation of the programs. ERC works on a contingency basis. There is absolutely no risk to you. No fee is charged unless your company saves money as a direct result of their efforts. "We share the savings with you over a specified period of time. After that, the savings are all yours," Ronder replies with great satisfaction. Every penny counts.

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