Optimizing Supplier-Based Expenditures and Improving Your Bottom Line - with Mike Roberts
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In this episode, Scott Reid speaks with Mike Roberts from Expense Reduction Analysts (ERA) about the various ways ERA helps businesses cut costs. Mike explains that ERA focuses on identifying and reducing non-core business expenses across numerous categories such as insurance, shipping, and credit card transactions. For companies with significant labor, ERA can delve into human capital expenses like payroll processing and uniforms. They also tackle expenses related to physical assets, like fleet management and facilities maintenance.
ERA's approach is tailored, leveraging specialists for each of the 50 expense categories they cover, ensuring expertise in every project. Their global reach, originating from the UK, spans 60 countries, allowing them to serve a diverse clientele. Typically, ERA aims to save businesses an average of 20% on reviewable spend, with savings significantly impacting companies' bottom lines. Mike emphasizes the value ERA brings, especially to businesses without the internal resources to manage such cost reduction strategies effectively, highlighting the seamless integration with client teams and the broad spectrum of industries they serve, from manufacturing to healthcare and education.
The discussion underscores ERA's role as a strategic partner in financial optimization, offering not just cost savings but also an educational component by sharing industry insights and practices. Mike's enthusiasm for his work shines through as he describes the satisfaction of delivering substantial savings and operational efficiencies to businesses, illustrating ERA's commitment to enhancing their clients' financial and operational health
EPISODE SPONSOR:
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MENTIONED DURING THIS EPISODE:
Mike Roberts LinkedIn: https://www.linkedin.com/in/mike-roberts-a3869312/
Expense Reduction Analysts: https://us.expensereduction.com/
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