PRESS RELEASE How about a New Year’s Resolution for your business?

Auditel [http://auditel.co.uk] is the UK and Ireland’s leading provider of strategic cost management. For the last two decades, their network of 180 highly-skilled professionals has built a reputation as trusted advisors to medium and large organisations.

Chris Allison, Auditel’s Managing Director says: “Many companies still choose to divert in-house resources from their strategic roles to carry out time-consuming cost management exercises. These may do little more than scratch the surface of what can be achieved.

"By outsourcing your organisation’s cost management to Auditel, your team will regain the time and peace of mind to use their talents and excel in their specific areas.”

Auditel began to lay the foundations of Strategic Cost Management in 2012. Extensive independent research was undertaken and a survey was conducted together with the influential business publication Management Today. The results underlined the fact that there is a genuine lack of understanding in the business world between simple cost cutting exercises and strategic cost management.

In addition to these features, Auditel provide independence, aggregated buying power and experience of the supplier market. This means that the Auditel service, far from becoming yet another cost, can pay for itself over and over again, by delivering highly effective and sustainable solutions for the long term.

Chris Allison, Auditel’s Managing Director, says: “We can provide exactly what you need. Our highly-trained consultants come from a wide range of management and professional backgrounds. Each of them can offer specific knowledge and insights into the many different aspects of cost management. This is most beneficial to their clients.”

Here is one of our latest case studies.
Tile & Bath Co
[http://auditel.co.uk/clients/tile-bath-co/]
This company is Wales’ foremost specialist retailer with over 50 years’ experience in the tile and bathroom trade, featuring an extensive selection of floor and wall tiles, mosaics and decorative tile borders. In early 2012, Auditel met Steve Dunlop, their Managing Director, to discuss how their energy costs could be improved across their twelve stores and the Head Office in South Wales.

Energy costs
Like many retailers, Tile & Bath Co were facing increasing pressure to manage their energy contract- end dates. A family member, whose role had been to look after utilities contracts, had just retired. Auditel was engaged firstly to investigate ways of lowering energy costs as supplies came out of contract, and also to manage supplies across their sites. This led to savings in the first year of £18,000 on electricity and £5,000 on gas, (21%).

Merchant Card Services
Auditel were then tasked with lowering the costs of their merchant card services. Initially, this led to a saving of 5% with the current supplier, but when their terminal contracts ended, a full market tender achieved further savings of 17%.

Tile & Bath Co retains Auditel’s services
As a result of these successes, Auditel were retained to manage the company’s Energy, Waste, Water and Merchant Cards, at all their sites. Since then three different water leaks have been identified and rectified - difficult to spot without Auditel’s detailed reviews. Waste services have been reviewed twice with a third tender planned. Despite year-on-year increases in landfill tax, Auditel still retain a 34.8% saving against the original price paid prior to their engagement.

What’s it like working with Auditel?
Steve Dunlop says: “The great benefit to us has been the fact that Auditel undertake all the legwork, check supply contracts and deal with any anomalies that arise during the period of supply. They present us with a summary of their findings together with a recommendation for our acceptance on how to proceed.

“Since working with Auditel we have opened three new stores. They have been there to arrange new meter connections, supply agreements and contracts and merchant card terminals. They are on hand to sort out any difficulties.”

Latest Annual Savings:
Over £13,500 on Electricity (19.4%)
£9,500 on Gas (29%)
£12,000 on Merchant Card services (26.2%)
£2,600 on Waste Services (40.5%)

Chris Allison explains: “With an Auditel valued adviser in place, as Steve Dunlop confirmed, it’s like having an additional dedicated management team working for you. We quietly take care of all your complex cost and purchase management issues, leaving you to focus on your core business.

“So, if you would like to make a New Year’s Resolution for your business this year, why not contact us today to book your Strategic Cost Review?"

About Auditel.
For over 21 years, Auditel has been reducing financial waste and improving bottom-line profits for thousands of organisations throughout the UK and Ireland with their strategic cost management. Their clients range from small businesses to global brands such as Pizza Express, YMCA and Oxford University. Auditel's flexible fee structure gives clients' the choice and the ability to manage cost and strategy for the long term.

For more information about Auditel, please contact Norman Grossman on 07966 436717 or by emailing norman.grossman@auditel.co.uk