Reducing Costs
Many companies and organisations are just simply not aware of how much they could reduce their overheads and what a bad deal they can be getting from their current suppliers.
Energy and telephony contracts can be particularly onerous with automatic lock ins and penal rates being applied if a contract is allowed to lapse. Looking into this area alone can save £1000's!
Also if your business is transacting in foreign currencies, your bank is probably over charging you and not giving you the best exchange rates available.
There are also a lot of hidden costs and risks in supporting an old IT and software infrastructure, this can be reviewed and you can potentially replace your systems/software for potentially much lower costs.
We can also explore if your business is set up the right way to save corporation tax etc. Over time this can prove a real burden to business and we can help you review this with your accountant. As the tax regime gets more hostile these potential savings are going to get increasingly more important over time.
As part of Audit on reducing costs we will review:-
- Energy, Telephony, Broadband and Mobile costs
- Foreign Exchange costs
- Technology costs and review
- Potential Taxation Review