 CASE STUDIES
Client: Regional Medical Facility
Result: The client achieved annual cost savings in excess of $360,000
Details: Upon receipt of the client’s historical telecom bills, PAG entered the pertinent information into its central database. The information was audited against existing rate schedules and service agreements to ensure each invoice was correctly computed and no overcharges existed. During this process, the PAG analytical team noted that one of the client’s vendors was billing for services that should have been cancelled. The IT staff was able to completely cancel many unused services and better utilize existing services.
The overall result was a savings of 25.4%. The client was able to purchase much needed equipment with the capital the savings freed up from the telecom budget.
Client: Southeast Beverage Distributor
Result: The client achieved a major reduction of over 31% in their cellular cost amounting to an annual savings of $240,000.
Details: After receiving and cataloging all the vendors by service, location and contract, a complete audit was performed. The result of the cellular audit was dramatic and the client immediately asked PAG to review all of their other telecom services.
The overall result was an additional savings of $100,000 per year, bringing the total savings to $340,000 annually.
Client: Regional
Medical Center
Result: The client was credited nearly $200,000 for discounts not applied. There were additional cost savings of over $211,000 per year.
Details: By having the missing error corrected‚ there were monthly savings of $4‚000. Additionally‚ the Local Agreements were renegotiated with their current Carrier and monthly savings of over $10‚000 were realized. We also negotiated a new Cellular agreement that reduced monthly billing by 30%. Finally‚ an error in the PBX logic was resulting in Local calls being billed as Long Distance. The credit was for $59‚861 and annual savings of over $30,000 were realized!
< Back
Client: Research Firm
Result: Overall Freight costs were reduced by 10%
Details: By using our Cost Management System, the client’s invoices were received electronically, and allow for allocation of each shipment to the general ledger automatically, the Accounts Payable staff has saved approximately 12 hours per week in processing invoices. We store the electronic files on the client’s behalf, which saves filing space.
Client: On-line Retailer
Result: First year savings of over $417,000
Details: By implementing our web based invoice review process the customer was able to take advantage of best price routing on all their shipments. Through the Audit process, all late or missed deliveries were detected and charges were credited back to the customer. A new contract was negotiated and best in class pricing and terms were put in place.
< Back
Client: Regional Commercial Property Management Firm
Result: Overall reduction of Utility costs of $70,110
Details: After a comprehensive review of all utility services and current configurations it was determined that changes would yield better pricing. The services were changed to a better tariff that was designed for 24-hour service usage and the resulting changes saved the customer 14% on their electricity bills.
Client:
Media Delivery Firm
Result: received a $60,000 rebate for SIC code reclassification and annual savings of $30,000
Details: Our team of consultants worked with the state tax department as well as the Utility commission to have this firm’s SIC code reclassified so that is was properly assigned. They also rework their energy-billing configuration, which yielded annual savings of $30,000
< Back
Client:
South Eastern University
Result: Client cut approximately 35% out of their waste disposal cost.
Details: By modifying, their cardboard recycling configuration the client was able to move from 3 times/week pickup to 2 times/week. By consolidating several buildings that were next to one another, they were able to eliminate several under utilized containers. Additionally, by taking advantage of our National Purchasing Program they were able to renegotiate their existing contract and further reduce their costs by 12.2% for the remaining containers.
Client:
Contract Printing Firm
Result: Client reduced their Waste disposal cost by $41,300 per year.
Details: The savings were achieved by categorizing the type of waste put into each dumpster; they were able to change several containers from waste to recycling. We also were able to put them on a much better rate plan just by taking advantage of the pricing available to other companies of similar size and usage patterns.
< Back
Client:
Retail Shopping Center
Result: Additional depreciation deduction of $809,000 through Cost Segregation
Details: For this $6.1 million retail center, we identified and modified depreciation schedules approximately 40%, of construction costs to 15-year and 5-year assets allowing the owner to accelerate the depreciation over the next 4 years of $809,000, thus reducing tax liability, freeing up cash flow that was used to help finance additional development.
Client:
Office Building
Result: Deferred tax savings of $338,000 due to a Cost Segregation Study.
Details: This 90,000 square foot 7 story office building had a cost basis of $11 million. The accelerated depreciation was $860,000, yielding cumulative tax deferral of $338,000
< Back
Client:
School District
Result: $200,000 recovered in overpayments
Details: Our medical claims analysts to review the claims and identify possible claim payment errors. In this case, we were able to work with the TPV
to review in detail each of the claims we initially identified. During this process the over, payment was discovered and the credit issued.
Client:
Manufacturing Company
Result: $186,000 in refunds for overpaid claim
Details: The overall issue uncovered in the Medical claims review was with the accurate recording of claims. Our team was able to uncover problems with duplicate payments, and eligibility issues concerning in vs., out of network services. When complete the Audit yielded a 3% overpayment credit and a refund check was issued to the client.
< Back
Client:
TV Cable Company
Result: Saved $60,000 in annual property tax
Details: After our onsite review of the facility, we determined that the company could remove non-taxable items from their tax return involving underground cabling assets. This change reduced their overall tax liability.
Client:
Shopping Center
Result: Reduced real property assessed valuation from $8.2 million down to $6.8 million
Details: We performed a comprehensive review of this property and used our database of current property values to change the properties assessed value based on obsolescence, vacancies and true market value. We filed an appeal with the tax assessment department and our client was granted this 18% reduction in assessed value.
< Back
Client:
Transportation Service Provider
Result: The recovery audit yielded $1,050,000 in recoveries.
Details: We analyzed client’s a/p process and obtained hard copies of client’s corporate history, purchase contracts, etc. Client delivered a download of it’s a/p history, purchase order and vendor master file information to us which compared the electronic data against the hard copy information to identify the client’s feeding process. We then created custom queries to identify more than 25 different types of payment irregularities within the data. We exported, extracted and filtered the data to generate reports used to identify overpayments found in the data.
In tandem with the electronic review, our staff conducted a manual review of the underlying a/p documents. The manual review identifies overpayments not found within the data, including partial payments and state tax payments. After collecting the overpaid monies, we provided client with a comprehensive multi-state tax matrix to assist them in reducing/preventing future tax overpayments.
Client:
Entertainment Company
Result: The primary recovery audit reduced the client’s state tax assessment by over $600,000 and yielded an additional $2,500,000 in recoveries.
Details: We analyzed client’s a/p process and obtained hard copies of client’s pertinent purchase contracts, purchase orders, etc which allowed us to complete the electronic audit. Our team then conducted a manual audit where we reviewed all underlying a/p documents. Our manual review resulted in the identification and recovery of overpayments not found within the data, including significant overpaid tax monies from multiple states that could not be identified from the data.
< Back
|
CASE STUDIES 
