Forbes recently conceded: ‘A dollar gained in revenue is a very good thing …but remember, only a small portion reaches earnings. A dollar saved from cost, however, goes directly to the bottom line. So while focusing on the top-line, don’t forget to engage in a systematic approach to governing costs as a way to ensure long-term value creation’.
Auditel has developed a holistic approach, the Total Cost of Purchase, covering over 100 areas of business expenditures. Since 1994, they have saved millions of pounds for more than 3,500 clients nationwide and improved their profitability. Their client base ranges from small businesses to global brands such as Pizza Express, YMCA and Oxford University.
Chris Allison, Managing Director of Auditel, explains: “Effective cost and purchase management is intelligent and ethical and leads to sustainable growth. It should not be confused with short-term cost cutting exercises that treat problems in isolation and put clients, staff and society at risk.”
The Mears Group is a unique organisation, employing more than 10,000 people maintaining and improving homes as well as caring for the people living in them. As a leading social housing repairs and maintenance provider, Mears delivers rapid response and planned maintenance services to Local Authorities and Registered Social Landlords. Auditel has achieved savings to date of £94,000 in their electricity, telecoms, water and gas costs.
Mears’ Group Fleet and Quality Manager commented: “Auditel proactively look after this side of our expenditure. This means that we don’t have to take time out of our busy day and we have peace of mind that it’s being looked after. The savings of nearly £100,000 will go straight to the bottom line.”
Other examples of savings include: £70,000 for Chartered Accountants Whiting & Partners; £188,703 for Papworth Trust charity, £25,000 for the Oxford Union, £54,496 for the National Motorcycle Museum and last but not least, over £4 million for Pizza Express during a fifteen-year period.
Allison adds: “If you want your business to begin the New Year with a great start, this is a simple resolution to make. Many of our clients started with an Auditel Business Health Check.
This will provide you with an in-depth analysis of your expenditures and highlight opportunities to increase your hard-earned profits. We would be delighted to give your business this small token of appreciation! We have 200 highly-trained and independent specialists on hand, waiting for your call!”