ERA Consultants Slim NutriSystem Expenses by 59%
Substantial Cost Savings Realized
“ERA Consultants helped NutriSystem every step of the way. They helped us implement the new processing system and monitored our progress to make sure we remained on track.”
Kathleen Simone, Controller, NutriSystem.
A thorough review of the company’s merchant card processing fees by Expense Reduction Analyst’s (ERA) experts revealed substantial cost-savings opportunities. As a result, ERA consultants saved NutriSystem 59 percent, adding $220,000 to the company’s bottom line.
"Consultants helped NutriSystem every step of the way."
Most orders for the company’s signature portion-controlled, prepared meals are processed online and via phone order, so there is significant credit and debit card activity. In addition to saving on the fees associated with processing the cards, NutriSystem wanted enhanced interfacing and transactional capabilities.
The result: ERA consultants renegotiated the contract terms with the incumbent credit card processor, securing lower per-transaction pricing. Other added benefits include: next-day deposit of funds, expedited error resolution and strategies for managing interchange costs.
“NutriSystem believes in its clients and is there to help them every step of the way. I was struck by similarities in ERA’s business model.” Kathleen Simone, Controller, NutriSystem.
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