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Corporate Cost Reduction
 

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Corporate Cost Reduction

Company Overview

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Status: Private Company   Founded: 1993   Annual Revenue (2018):
Exchange: -   PR.com ID #: EX0088   Number of Employees: -
Symbol: -   Website:  www.ercinc.com
Industries:  Business Support Services, Administrative Management & General Management... Click here for more

Company Description
Expense Reduction Consulting (ERC), is a franchised system, which is based upon the “ERC Corporate Cost Reduction” process. ERC’s cost reduction program has been in use since 1993 and has been directly responsible for generating significant savings for corporate clients in many industries.

ERC franchisees are trained to market and perform services designed to reduce long-term costs, while using ERC’s proprietary software. Our franchisees are not required to sell specific products, but analyze their client’s expenses, negotiate with suppliers and make recommendations which result in long term savings.

In addition to their core competencies, our franchisees partner with a group of expense category specialists, selected with the goal of delivering a thorough review of all applicable expense categories.

Client results can be attained at a minimal cost based on actual savings. Services are designed to be performed on a contingency basis.

THE NEED FOR THE SERVICE
In today's competitive business environment, reducing expenses is just as important as increasing sales. A practical, long term solution is to reduce the outlay for regularly purchased goods and services for which many businesses "unknowingly" overpay.

The “ERC Corporate Cost Reduction” process is designed to assist franchisees in targeting “indirect and consumable” expense categories, zeroing in on the most common profit leaks and implementing solutions to eliminate them. Our franchisees might negotiate better terms and pricing with existing suppliers or find that their client would benefit from using alternative sources.

Even small and mid-size firms can be wasting significant amounts of money on “indirect” and “consumable” expenses. Individually, any one of these categories may seem insignificant but when combined, they quickly add up to thousands of dollars.

PURCHASE MORE EFFECTIVELY. UTILIZE "BEST PRACTICES"
ERC franchisee’s do not recommend cutting employees. Instead, their focus is to show their clients' people or purchasing department how to cut expenses, while always receiving the same or better quality goods and services at a reduced price.

ERC franchisees begin by targeting those categories specific to the client’s business which exhibit the greatest potential for savings.

After reviewing the purchasing records and determining the client’s needs, the franchisee begins a 7 step process called “ERC’s Road Map to Cost Savings”. This process coupled with the Best Practices and Knowledge Base developed by ERC, enables our franchisees to systematically generate significant percentage savings in most expense categories that are reviewed. The end result is that our franchisees are able to benchmark their client’s current expenditures and demonstrate how they can consolidate suppliers and reduce costs on a long- term basis. They then quantify options and make written recommendations. After the recommendations are approved, our franchisees assist in the implementation of the programs.

PAY FOR PERFORMANCE SHARED SAVINGS VALUE PROPOSITION.
ERC franchisees work on a "Pay for Performance" basis. No fee is charged unless their clients save money as a direct result of their efforts. After their recommendations are implemented, our franchisees share the savings with their clients over a negotiated period of time. Following the negotiated period, 100% of the savings are retained by their clients.

Company History

Click here for Company Overview

Expense Reduction Consulting (ERC), is a franchised system, which is based upon the “ERC Corporate Cost Reduction” process. ERC’s cost reduction program has been in use since 1993 and has been directly responsible for generating significant savings for corporate clients in many industries.

ERC franchisees are trained to market and perform services designed to reduce long-term costs, while using ERC’s proprietary software. Our franchisees are not required to sell specific products, but analyze their client’s expenses, negotiate with suppliers and make recommendations which result in long term savings.

In addition to their core competencies, our franchisees partner with a group of expense category specialists, selected with the goal of delivering a thorough review of all applicable expense categories.

Client results can be attained at a minimal cost based on actual savings. Services are designed to be performed on a contingency basis.
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