Corporate Cost Optimization Triage
Clients are laser focused on getting every dollar out of fixed and variable operations. This focus can create opportunities to begin to leak money to the tune of 10%-15% of total operating overhead.
Value Assessment
The Value Assessment quickly identifies easily realized areas of cost savings by using readily available client and vendor information. These targeted cost savings opportunities require little or no capital and minimal resources.
Clients have Minimal costs, retain 65% of the first-year savings and all subsequent years’ savings.
The Value Assessment will utilize 1-2 days of the clients’ accounting administrative person to collect these documents and 4-weeks of the DC Triage Team to produce an Executive Management Cost Optimization Action Plan. This Action Plan will likely span the following 8 specified tracks.
VALUE ASSESSMENT PROCESS
The process is performed at no cost to the client and begins with the client selecting the Tracks to be analyzed. Per these selections, the DC will request access to their General Ledger, Accounts Payable and possibly additional internal and external documents depending on the Tracks selected. We will take this data and create a Spend Matrix providing cost savings opportunities. The client will select the opportunities for implementation and tracked by the DC.
The Triage analysis requires the execution of a contingency agreement in the event any of the recommendations are implemented and produce the forecasted savings. This commercial arrangement mitigates all risk of investing in projects and programs that don’t generate the expected Financial impacts.
PROVEN SUCCESS
The Triage Program has been developed to support many of commercial & industrial companies throughout the United States.
The Triage Program has saved clients hundreds of millions over the past 15 years. The companies listed here are a sampling of the clients that have engaged in the process and are still enjoying reduced cost and improved profitability.
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If you would like to speak with someone about Corporate Cost Optimization Triage or any of the other services The Diversity Consortium and our Service Partners offer please reach out to info@thediversityconsortium.com or call 919.502.3104