Kent, 26.04.2012 Expense Reduction Analysts celebrates its 20 years’ birthday in 2012. The globally working cost and purchasing management consultancy was founded in the United Kingdom in 1992 and is operating with more than 650 experts in more than 25 countries.
“I came across the idea when I was in the US in 1992”, says founder and Chairman Fred Marfleet. “It was a time of recession and this service to quickly increase profits that go directly to the company’s bottom line was needed by a lot of small and midsized firms.” In the first years Expense Reduction Analysts was working on smaller non-core categories like office supplies, cleaning and printing.
The “no savings – no fee” proposition was also an idea that was matched for SMEs. “The large consulting firm are surely quite effective”, says Marfleet, “but they charge huge fees no matter what the outcome is.” Therefore, mostly big companies would hire these services whereas most smaller companies needed more practical support. “By the way we charge small and medium sized businesses have no risk to bring Expense Reduction Analysts in. If we find savings, it goes straight to their bottom line.”
Since 1992 Expense Reduction Analysts has successfully implemented thousands of projects and enabled double digit savings. Key aspect of the successful implemented projects is the network idea of Expense Reduction Analysts. Expense Reduction Analysts has in its network experts for almost every category with years of experience in that particular industry. “We create for every client the analysts-team that matches the firm’s interests best”, Marfleet says.
Over the last 20 years the number of analysed cost categories has rise from 3 to over 40 categories. Top categories in Europe are freight, travel management, packaging, printing, cleaning, maintenance, fleet management, factory consumable, small package freight, waste management, insurance, telecommunications, energy, and office supplies.
For the following years Expense Reduction Analysts expects an ongoing growth in the existing markets. “We also want to expand our services to new markets in Eastern Europe and in Asia”, says Marfleet. Since clients also ask us frequently to consult in core categories we also will develop in this direction.
Established in 1992, Expense Reduction Analysts is a specialist cost and purchase management consultancy focused on delivering improved business performance to clients of all sizes in both the private and public sectors. Operating in over 25 countries, Expense Reduction Analysts' 650 consultants provide deep industry expertise in a wide variety of expense categories, such as waste management, insurance, transport, marketing costs, bank charges, fleet management, telecommunications and many others.
Expense Reduction Analysts' clients include thousands of mid-sized companies and many well known names.