Freedom Profit Recovery achieves significant cost savings while optimizing your print, telecom and energy services to enhance maximum productivity and profitability. We can perform a print audit of your business and then serve as your ongoing document management consultant to ensure continued overhead reduction into the future.
While conducting these processes, we work hard to ensure that the most critical metrics for profitability are being tracked. Here are just some of the metrics we focus on as we teach you how to cut costs in business:
Average Monthly Overhead
The first figures we obtain serve as a ballpark perspective on your business’s expenses. We account for all of your overhead expenses and then rule out necessary items like labor, raw materials and rent. We can then quantify your average monthly overhead categorized into areas that lie within our cost reduction expertise: print services, energy and telecommunications.
With these average monthly figures, we can look at high points and low points compared to a benchmark and identify factors that led to raised or lowered costs.
Cost Per Printed Page Using a Print Audit
Reducing unnecessary printing is always a goal in the office, but so is reducing the cost of the pages you absolutely have to print. By examining total costs and averaging them to a cost per printed page, we can identify a goalpost metric that will change based on our efforts to reduce elements like printing overhead, recent equipment procurement, materials, maintenance and more.
By optimizing the hardware, software and workflow you use, we can reduce the amount you spend on every printed page.
Yearly Procurement Costs
Over a longer period of time, we want to ensure that our clients can reduce their costs of procurement for new equipment as well as new service contracts. Seeking out the most efficient contracts for your needs and choosing service offerings that most directly benefit your operations, we ensure that productivity remains level or improves while your overhead goes down.
We also look for ways to achieve cost reductions in business by configuring your existing equipment in the most efficient way. For example, perhaps a networked printer could be placed in a more optimal location based on the distance most workers have to travel to reach it.
Monthly Cost Per Gigabyte Used
When auditing telecommunications services, we can identify business Internet service providers that offer the perfect package for your monthly usage needs. Choosing the most efficient package possible reduces the risk of overage charges, achieves economy of scale and efficiently structures your billing cycles to best fit your accounting needs. Examining both expenses and typical Internet usage helps us identify the best strategy to accomplish these goals.
Cost Growth Relative to Operations Growth
Costs should naturally rise in proportion to the growing amount of business you are doing. Ideally, you will be creating the same percentage of profit from revenue — or even growing your profit percentage! Problems arise when growth leads to inefficiencies, which is an all-too-common problem businesses face. We work hard to find ways to improve efficiencies as you scale, and earn you more profit than ever.
Learn more about our methods, measurements and capabilities by reading our managed costs savings provider overview.