Essential business services currently cost companies in the UK around £350 billion annually and with this figure increasing every year across the board it is squeezing profitability for organisations of every size. Chris Allison of Auditel discusses how to tackle these spiraling costs and ultimately increase your bottom line.
Read the full Watching the pennies article here….

As harsh economic realities begin to bite even in Formula 1, this article from Professional Engineering magazine features Auditel and how we can help cut costs and relates the current economic climate to what is happening in F1.

Driving a hard bargain article

This document exposes the flaws in traditional approaches to the procurement of essential business services within organisations throughout the UK. It explains the theory behind the Total Cost of Purchase approach to procurement, and demonstrates how this new model enables organisations to take into account a wide array of issues beyond the ‘headline’ cost of the services they rely on.

This document will argue that taking the Total Cost of Purchase into account will help organisations of all sizes, across both the public and private sectors, to lower their cost of doing business. In addition, adopting the Total Cost of Purchase model will enable these organisations to minimise their financial exposure to an increasingly volatile marketplace.

Finally, this document will argue that it is only by adopting the truly holistic Total Cost of Purchase model to essential business costs that sustainability can be achieved. This sustainability comes in two forms. On a purely financial level, it means being able to make ongoing incremental savings over time, freeing up funds for further investment in core business activities. And on an ecological level, it means using resources efficiently to avoid unnecessary waste and environmental damage.

Read the full e-book Total Cost of Purchase whitepaper here……

The real cost of your essential business overheads is much higher than the price that appears on your bill. The Auditel model differs from traditional cost analysis or expense reduction consultancy because it takes into account all the costs – both direct and indirect – associated with making effective cost management decisions. Because we have decades of experience, expertise and knowledge, we can focus on ensuring your business overheads are under control while you focus on your core business activities.

Self-funding overhead expenditure reviews

Because you want us to lower the cost of doing business, we won’t add to the financial burden of your overheads by charging any upfront payments: our fee is based solely on a performance- driven, 50:50 share of the actual savings you enjoy as a result of our advice. Put simply, if we can’t show you that you’ve paid less as a result of our service, you won’t pay us anything. By outsourcing an Auditel consultant, you will benefit from having an additional, self-funding specialist on your management team without incurring any of the usual costs associated with in-house resources.

Read the rest of the Total Cost of Purchase White Paper here…..