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Who Are Expense
Reduction Analysts?

Local knowledge, global reach

Expense Reduction Analysts has been trading in the UK & Ireland since 1992. We are a business consultancy, offering strategic advice and practical methods which optimise supplier relationships.

We have people with experience gained during long careers at a senior level in their areas, and we use this experience to advise businesses on how to get the best deal from suppliers.

We help to:

• Improve internal processes
• Manage supplier relationships
• Benchmark prices
• Conduct tendering exercises
• Integrate and identify new suppliers

We then stay with our clients for the long term, conducting regular invoice audits. This ensures that we maximise the savings we identify and keep prices in check for the long term.

The majority of our work is done outside of your office environment. Our processes, resources, and systems ensure minimal impact on your internal resources. We monitor supplier performance throughout a time frame aligned with the supply contract to ensure that all the savings are realised, sustained, and even improved over time. Throughout the process, we collaborate with you on a fully transparent basis, allowing you to retain control of all the key aspects of the engagement.

To learn more about the benefits of ERA, click here.

The first thing we do is to listen to you. Our aim is to get a good understanding of your business and your priorities.

We then work with you to deliver against your objectives. In practice, this could mean reducing cost. It could mean consolidating suppliers or reducing supply chain time. It could mean generating cash to help your business fund its growth.

We typically begin by reviewing your spending; a thorough analytical view of who is buying what, where and for how much. We do this with minimal interference or resource at your end; we take copies of all your invoices in a certain cost area for the past 12 months. This analysis always throws up some interesting patterns that clients were unaware of before. Our objective analysis uncovers anomalies, spots trends in spending and identifies opportunities to save.

In more than 50% of our projects, our clients retain the incumbent. And as the client, you remain 100% in control of all decision making. Only this time, you’re making that call based on independent data and impartial advice.

Once we have completed the initial part of our project, what truly sets us apart is our ongoing audit service which keeps you on track over the engagement period, ensuring cost reductions that have been identified are realised and compliance with the agreed plan is being achieved.

Our expert specialists utilise our systems and tools where they can identify pricing errors, anomalous spending patterns and off-contract purchasing. This skilled expertise in implementation and ongoing measurement is recognised by our clients as a crucial aspect of our support, that delivers realised benefits for the long term.

A full list of FAQs relating to ERA is available here.

To learn more about our full range of services, click here.

How we Work

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Analysis

We prepare a report on your current status quo in the selected cost categories where you think savings may be achieved.

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Research

We will present you with an options report, based on our expertise and long-standing experience in the supplier markets to show you where potential savings may be achieved.

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Selection and Implementation

Once you have chosen an option, we facilitate the implementation of the savings process in your company.

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Monitoring

Over the next 24 – 48 months, we monitor the savings actually achieved in performance reports. These savings are the basis for our remuneration.

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A few examples of what we can do

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Just some of our happy clients

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Contact ERA today to find out more about how we can help your organisation.

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