Business News for 1st September 2009 :: Auditel
A free business health check from the UK’s leading cost management specialists
To survive and thrive in today’s tough economic climate companies can no longer only focus on sales as the vehicle to drive their business forward. Companies must ensure that they ‘buy smart’ their essential services to remain competitive. However, as markets become more complex it becomes increasingly hard to identify the best opportunity for your business. Auditel have over 15 years experience of helping clients in this area and our currently offering all Chamber members a free health check of their essential services spend.
Ruth Dawe and Nick Smyth of Auditel explained how many companies often over look their utilities spend, accepting renewal offers from suppliers, or even missing reviews completely, as they neither have the time or the market expertise to action. However, with the correct methods significant savings can be achieved in these areas – savings which go straight into your company profits. A company with a gross profit margin of 25%, making a modest saving of £10,000, would need to generate £40,000 in extra sales to make the equivalent profit.