In many organizations, the management of “non-labor” operational costs is not a top priority. Accounts payable departments without any meaningful review or verification typically process many invoices. Most management attention is devoted to the cost of labor and materials. Considering that “non-labor” costs can make up as much as 50 percent of an organization's overall operating budget –cost reductions, even the most modest ones, can significantly improve profitability.

To relieve your firm of the burden (i.e., time, expense and distraction) of developing and maintaining the resources and expertise internally to verify, validate, and analyze non-labor expenditures, we developed the Profit Advisory Group Cost Management System. This program is designed to identify and pursue potential refund and cost savings opportunities – reducing your costs while improving your profits.

The Profit Advisory Group Cost Management System is both easy to implement and scalable. It can function as a total outsource solution or as a complement to existing cost management programs.

As part of this service, you will be assigned a specific account manager who will act as your primary contact within Profit Advisory Group and will coordinate the following activities:

Data Gathering: compile your past and current invoices and construct a comprehensive database of key cost data – i.e., usage, demand, price, taxes, etc.

Credit Identification: review your invoices for administrative, computational and other potential errors and overcharges.

Waste Elimination: review your invoices for inefficiency and waste. Many firms spend money on services they no longer need or use.

Purchase Maximization: analyze your annual usage and demand profiles for each service against available rate options to identify more cost effective alternatives.

Approval & Implementation: we will prepare and submit management reports with our findings and recommendations for your review. Any savings solutions that are approved will be fully implemented by our staff.

Tracking: we will track all of your invoices to insure that all savings solutions are implemented correctly. We will also manage your invoices monthly to monitor your usage, insure ongoing bill accuracy and to make you aware of any Vendor promotions that would benefit you.