Professional Services Firm Achieves Meaningful Savings

The Challenge

A leading accounting, tax, and business advisory services firm in Northern Kentucky engaged ERA to review their non-core expenses to determine if there were additional opportunities to reduce costs.

The Solution

Applying their industry knowledge and specialized analytic tools, ERA’s cost-reduction specialists carefully examined the firm’s expenses to evaluate savings opportunities. ERA’s comprehensive review found that the company was getting the best value for their money in the areas of printing and banking fees — no savings were detected. However, in the category of office supplies, savings opportunities surfaced.

The Results

ERA was able to secure an annual savings of $8,400 on an estimated annual spend of $42,000 for office supplies by varying the utilization of alternate products proposed by a key supplier. The organization also signed up for the office supplies discount program through the local Chamber of Commerce and consolidated the use of several different office supply vendors into one main supplier, based on ERA’s recommendations.

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