What do we charge and How do we find savings?

Posted in Cost Detective, General by Marcus on November 27, 2013 No Comments yet

 

Cost Detective

 

Not surprisingly prospects ask us how we do what we do and what are the costs if they engage with us.

 

I thought it would be  worth writing a short blog, as our methods are transparent and  our costs are there for all to see.

 

Transparency!

 

After we have been appointed by a client the process usually runs like this;

 

1.  Meet with the boss for 45 minutes to understand the business and what its priorities are in terms of costs. Get introduced to finance team.

2.   Sit down with all the invoices etc for the last 12 months and gather information, just a desk and a photocopier/scanner are fine, no need for input from staff.

3.  Take the information away, get clarity from staff on a few items and then start reporting back savings that we have identified via email.

4. First savings are  usually identified  within 10 days, and once we have completed we will summarise all the savings in a nice short report.

5.  We will agree the savings with you the client.

6.  Done

 

How do we identify savings?  We take a 3 step approach  to each and every cost.

OK I could not find an image with 3 steps!

 

1.  Is that cost really necessary? Can we just get rid of it?

2.  How  can we get you to use less, to  be more efficient, whether that be energy or processes.

3.  Can we renegotiate with existing suppliers or suggest new ones?

 

Once we have applied these three questions to all costs we have always identified savings for every organisation we have worked for.

 

How much does all this cost?

It is very straight forward, remember number 5 in the process, We agree the savings with the client? Once those are agreed then our share of that is just 10%, so the client keeps 90% and does not pay any other fees. The 10% also only applies to the first 12 months worth of savings not for years to come like some of our competitors.

 

So there you have it the How and How Much questions answered.

By the way if you are a charity or know of one, we do not charge them even the 10%, so they get the service for free.

 

If you have any questions then just email me on Marcus@TheCostDetectives.co.uk

 

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