ERA - Why ERA?
Adding Value to your Internal Resources
While most companies can easily justify dedicating significant resources to manage suppliers in select “core” expense categories, it isn’t practical to assign similar resources for other areas of their business. Consequently, it’s not possible to gain an intimate understanding of the individual industries behind the many expense categories (“insider knowledge”), limiting companies from designing the optimal supplier arrangements that would deliver the best value for their company.
As a result, most companies have no choice but to manage the majority of their suppliers in a similar fashion and using general purchasing practices. For example, most companies request multiple bids and negotiate the suppliers against each other to find the lowest price that meets their requirements, and with this, they think that they’re doing all that can be done. Our experience over 20 years, and in managing nearly 18,000 client projects, has found that companies may be leaving significant money on the table in many expense categories
As the largest and most experienced consultancy of its kind, ERA has the recognition and credibility in the supplier markets to command their attention, and our global reach gives us real time insights into changes in supplier markets and behaviors that can be leveraged to your benefit.
The Way we Work with You
Like most organizations today, you may be operating so lean that you may not have the resources or time to even consider taking on a project to review your expenses. If that is the case, you can choose to have ERA bring in all the resources required to analyze, execute, monitor, and manage the entire program to ensure the least distraction to your team.
It could also be likely that you did not budget for engaging an expense management consultant. With our contingency-based model, you would take on low-risk, ERA would make the up-front investment in resources and expertise, and you would only pay us from the incremental cash flow that you would have, otherwise, not received on your own.
You may also feel that you’ve already done a great job of managing expenses, and there really isn’t anything worthwhile to recover. If that is the case, then we will assume the risk that there is nothing left, and we will investigate your expense categories on a contingency basis – if there are no savings, there is no fee.
If you find this model interesting and are curious to learn more, we would welcome the opportunity to perform a quick review of your situation and discuss if, where, and how much additional cash flow we may be able to add back into your budget.
Connect With Us
ERA is a global consultancy with locations in the USA, Canada, Mexico, South America, the UK, Europe, Australia and New Zealand. Established in 1992, it is now the largest and most experienced consultancy of its kind in the world.
Find out how our cost managment consultants can reduce your business expenses and maximize cash flow.
Expenses We Review
- Bank Fees
- Cleaning Services & Supplies
- Employment Services
- Energy & Utilities
- Equipment Maintenance & Leasing
- Factory Consumables
- Fleet Management
- Food Services
- Freight (LTL, FTL, International)
- Information Technology
- Insurance (P/C, Health, Workers Comp)
- Laboratory Supplies
- Medical Supplies
- Merchant Card Fees
- Office Supplies
- Payroll/HR Administration
- Records Management
- Small Package Freight
- Telecommunications (Data, Voice &
- Temporary Labor
- Uniforms & Linens
- Waste Management