Further scope exists to cut costs within SMEs, rather than jobs

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

There’s still considerable scope for Irish companies to cut costs rather than jobs. 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 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 Dublin based 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.

ENDS

For further information contact John Milne 086 248 4952, john.milne@expensema.com

About Expense Management Analysts
Expense Management Analysts helps businesses and organisations reduce overhead expenses. Founded in 2009 by John Milne, we currently have a team of five professional analysts. We work with companies in Ireland and the UK, to reduce expenses and increase profitability. Our clients come from a broad range of sectors and include manufacturing, pharmaceutical and healthcare, retail, legal and financial, not for profits, education and government.

Each of our team bring a unique set of skills and knowledge to Expense Management Analysts. We work collaboratively on projects which means we bring all our knowledge, data and purchasing power to each and every project we undertake.

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 with long standing suppliers. Our No Success - No Fee approach is our guarantee … If we can’t deliver tangible value that you approve, we don’t get paid. It is as simple as that.


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