Don’t leave your vendor payment services unchecked Don’t leave your vendor payment services unchecked. The name of the game is “Find the hidden fees in your vendor payment services”. The game itself is not that much fun, but winning is very rewarding. Plus, it’s important to play to show good stewardship of company funds and…
Reduce Costs of Furniture, Fixtures, and Equipment What is FFE? Furniture, fixtures, and equipment (or sometimes referred to as furniture, fixtures, and accessories (FFE or FF&E) includes movable furniture, fixtures, and equipment that are not connected to the physical structure of a building. Furniture necessary to run a business falls into this expense category. Items…
ACC has uncovered millions of dollars in overcharges on erroneous bank fees for large franchise groups and fast food restaurant operators, corporations, private equity owned companies and manufacturing companies. In many cases, the organization had long-standing relationships with their banks and trusted that fees were fair and accurate. These relationships, what we often refer to…
ACG PERT and Alliance Cost Containment present Reduce Procurement Costs for PE Firms + Portfolio Companies Learn how PE firms and portfolio companies create value through indirect procurement Webinar Topics Reduce procurement costs through improved vendor selection and negotiating tactics Unearth commonly overlooked areas of cost reduction at portfolio companies, especially when so many employees…
PPE: What to watch for when purchasing N95 Masks, KN95 Masks, Gloves and other personal protective equipment Major Takeaway Identifying potentially fraudulent or untrustworthy PPE vendors is not a step to skip in your PPE procurement process. Checking references, understanding your chosen supplier’s manufacturing history, and verifying certifications before making purchases will mitigate risks and…
Special Indirect Procurement Category Update: Utilities Major Takeaway After a banner year in 2020, utility prices are expected to take an upward turn in 2021. Corporations and PE firms should take steps now to reduce costs and mitigate potential electricity & natural gas rate increases. 2020 Utilities Review ACC manages 30+ indirect expense categories, and in this…
With premium rates increasing as a result of COVID-19, it’s more important than ever to review current insurance plans across your investments and lock in lower costs. Carriers can still offer competitive rates if your portfolio’s risk profiles are well prepared and actively marketed. Our team of group purchasing private equity experts works with PE…
Would you believe that something as simple as broken glass jars could lead to $4.9M in cost savings? A pricing pickle A food manufacturing and distribution company brought in ACC to as part of an expense reduction initiative. Food production quality at the plant was always paramount, but Joe, a production manager, noticed how many…
A Familiar Story A $15B+ healthcare company realized they were overpaying on their existing Telecom contracts for wireless, wireline, voice and data. We assessed their internal capabilities and evaluated market options. Despite two years remaining on the existing agreement, ACC engaged in a renegotiation with their incumbent Telecom provider to reduce costs to below market…
COST IMPACTS – Q4 2020 While many of these increases are Covid-19 related, some are simply due to general market dynamics. In many of these areas, there is an opportunity to mitigate rising costs by focusing on cost reduction activities. Insurance Increases in premiums have moderated over the past 90 days but remain higher…