Further scope exists to cut costs rather than jobs in the closing quarter of 2012, claims cost cutting firm Expense Management Analysts

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With financial controllers reducing budgets and tightening belts in recent years, Expense Management Analysts claims there’s still significant costs savings which can still be achieved by UK and Irish SMEs in 2012.

There’s still considerable scope for companies to cut costs rather than jobs as we approach the 4th quarter of 2012. That’s the claim made by John Milne, managing director of Expense Management Analysts.

So far in 2012, we’ve achieved an average expense saving of € 17,500 or approx £ 14,000 per project. In many cases that’s the difference between profit and loss for an SME and we’re encouraging companies to take a further forensic look at costs before they take the decision to make a employee redundant’, says John Milne, Managing Director.

Milne, a former managing director of Ricoh Ireland, NRG Group and Gestetner Ireland founded Expense Management Analysts in 2009 with a mission to help businesses and organisations reduce overheads and expenses. The company’s clients come from a broad range of sectors, which include manufacturing, pharmaceutical and healthcare, retail, legal and financial, not for profit, education and government.

‘Companies have made considerable headway in cutting costs and eliminating fat from budgets however we’re still identifying significant savings for customers. While procurement personnel have a great knowledge of their own businesses we’re in the unique position of gaining up to the minute knowledge, pricing and information from every sector and business we work in. This gives us the ability to identify niche savings, solutions and opportunities’, says Milne.

The company recently published a case study in which they worked with a leading travel and tourism firm to achieve a 30% annual saving across their print requirements. Given the firm’s firepower, in terms of annual spend, Expense Management Analysts were able to negotiate a fixed price on consumables for 5 years, thus protecting the customer against further increases. Furthermore, at a time when cash is king, they also negotiated the replacement of the existing aging printer fleet at zero cost to the firm thus eliminating the need for any capital expenditure for a 5 year term.

Expense Management Analysts have a unique model in that they work on a no result, no fee basis. Each of Milne’s analysts bring a unique set of skills and knowledge to the team and work collaboratively on projects, meaning they deliver a combined knowledge and purchasing power to each and every job undertaken.

‘Reducing costs within your business requires a pragmatic and unemotional review of current suppliers. Some may be in-situ for many years. Despite your loyalty, we often deliver the greatest savings by negotiating with long standing suppliers’, say Milne.

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Colm McGrath

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