Almost every CFO would agree that if you cannot measure something then it is very hard to justify what you are doing. The case in point that arises most often is Marketing costs incurred without metrics. But, there are some wider issues. For example, how do you benchmark where you are against others in your own industry, at your relative size? Normally your competitors are most unlikely to share any data with you. We have an answer for that. We now have a database of 10,000,000 US companies put together, with over six trillion data points in our Data Lake. We are able to segregate your size of firm, geography and line items and make it possible to analyze exactly how you compare to everyone else by line item of your General Ledger.
As interesting as the raw data is, we now make it actionable. We are experts at going back to your vendors with the data sets and getting some very significant reductions in costs where line items are excessive (all based on simple fact from the Data Lake). We know that you are typically busy driving revenue and growth. We do the slogging with all of your vendors reflected in the GL to Optimize your total spend, and it takes very little of your time. As long as you are USA based, and have revenue of over $1,000,000 we will work on a percentage of savings basis. No savings, no cost, no allocated budget necessary.
Where can we help you manage costs? In all of the below areas. Clearly there will be some anomalies where local facts affect certain line items. A monopolistic State on Workers Compensation, a related company transfer price deal and so on, but we are used to working around that with you. Typically, we can conservatively save you up to 10% of your global spend, and have accomplished much more in certain cases.
All we need is a copy of your GL for the last twelve months, and our experts can run a detailed savings report for you.
