Franchise Fee: $59,900
Total Investment: $66,000 - $85,900
Can Be Home Based: Yes
VetFran Member: Yes
Expense Reduction Analysts is one of the leading Cost Management Consultancy franchise companies in the world with nearly 650 consultants in 30 countries. Expense Reduction Analysts consultants provide a professional service which helps organizations release hidden profits within their business expenditure by enabling them to achieve the best value from their suppliers. Some examples of our top five savings categories are Telecommunications, Office Supplies, Cleaning Supplies, Insurance and Utilities/Energy but find significant savings in just about any category.
We work with a wide range of companies across an array of industries, from manufacturing, healthcare, retail, professional services, education, non-profits, government, restaurants, hospitality, wholesale and many more, based around a compelling no-savings, no-fee proposition. The franchisee compensation is earned base on the actual savings. The franchisee shares 50 percent of the savings with the company over a 24 month period.
Expense Reduction Analysts has a global purchasing influence that gives even our biggest clients extra weight. Given our purchasing influence, we are able to negotiate special terms with suppliers, accessing pricing that is unique to us. Our clients benefit from this, as do our suppliers. Even with existing suppliers we regularly identify cost efficiencies within clients existing processes, leading to improved pricing for clients and an improved cost base for the suppliers. This is the reason that in the majority of projects, clients choose to retain the existing supplier at the end of our negotiation project. No matter what the client decides; whether retaining existing suppliers or switching to new ones, they will almost certainly see a marked improvement in the value of the service received, whether cost savings are achieved or not. The cost reductions ERA achieve are driven through professional negotiation and include a comprehensive evaluation of not only the supplier’s compliance to the clients specific needs, but also compliance to any industry certification requirements. ERA also commit to monitor, on a project-by-project-basis, supplier performance to ensure that consistent savings are being realized without any degradation in the quality of the products or level of service received.
Our Network provides for national and international client capabilities:
• Peers to learn from and collaborate with friends to recognize your accomplishments
• Our brand is synonymous with the quality of our people; a value that is validated by our client list built with each new consultant
• Client engagement & dollar added to the bottom line
• Information resources and business tools
• Exhaustive database of case studies and benchmarks
• Guides and templates for key client deliverables