BCC Compliance Service Overview[2] - Presentation Transcript
BC COMPLIANCE GROUP, LLC
EXPENSE RECOVERY & REDUCTION SERVICES
BC Compliance Group, LLC’s (BCC) team of professionals specialize in providing independent third-party
expense recovery and reduction services. We work with our clients in controlling some of their largest expense
categories which bring about greater cost control, earnings enhancement and shareholder value. BCC’s
process ensures a higher level of claim accuracy through an extensive in-house due-diligence and client
approval process. Our services are performed on a non-intrusive basis, which allows our clients to remain
deeply involved in our work without interfering with their day-to-day operations and responsibilities. Our
process, along with our benefit share compensation model, gives our clients the ability to receive refunds on
past overcharges and benefit from reductions in future spend –- this all without incurring any fees until they
have realized the financial benefits that our work brings to their bottom line.
IN-HOUSE CORE COMPETENCIES
Contract Compliance
Benchmark cost savings of 3% -10% of expenses reviewed
Comprehensive non-intrusive review and analysis of approved expense categories
Hard dollar recovery of expense overpayments & revenue underpayments
Removal of inaccurate charges from future billings
Effective well-documented cost reduction recommendations
Recommendations for improved contract terms & conditions
Commercial Lease / Real Estate Accounting
Benchmark cost savings of 3% -10% of expenses reviewed
Comprehensive non-intrusive review and analysis of approved leases
Hard dollar refunds or rent/additional rent credits for past errors
Removal of inaccurate charges from future billings
Areas for review to include but not limited to: rent, gross-up & escalation calculations,
base year reviews, benchmarking, CAPEX v. OPEX, real estate tax issues, etc.
Recommendations for improved lease term & conditions
Sales & Use Tax
Benchmark cost savings of 5% - 8% of expenses reviewed
Hard dollar recovery of state & local tax overpayments
Identification of exemptions and removal of extraneous taxes from future billing
Identification of improvements to processes and controls
Unclaimed Property (i.e., Escheat, Abandoned Property)
Identify and categorize areas of exposure
Establish proper dormancy periods and quantify unclaimed property exposure
Assist in establishing and implementing internal compliance & reporting procedures
If available, assist with or handle voluntary disclosure
Research & recover unclaimed property owed to clients
Accounts Payable
Benchmark cost savings of 0.1%-1% of total disbursements
Non-intrusive engagement identifies and recovers past erroneous payments
Reduction of future erroneous payments & operating expenses
Escheatment reduction, vendor management, and process improvement services
BC Compliance Group, LLC
1070 Highway 34, Suite Q, Matawan, New Jersey 07747
www.bccompgroup.com
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BC COMPLIANCE GROUP, LLC
EXPENSE RECOVERY & REDUCTION SERVICES
Throughout the years our clients have regularly turned to BCC for advice and guidance in finding professionals
to perform services outside of our in-house core competencies. The following services are offered to our clients
through the strategic partner relationships we have secured over the years. Each of our Strategic Partners
brings to our clients the same level of service and expertise they receive and demand from BCC.
STRATEGIC PARTNER SERVICES
NSF Check Recovery / RCK
Reduce NSF check costs (i.e., NO: additional redeposit or NSF fees; transaction costs or
check guarantee fees; equipment or training requirements; additional staffing
requirements – in fact staff time availability increased)
Reduce bad debt by increasing collection rates (both time to collect and percentage
collected (i.e., additional electronic collection opportunity)
No collection cost to client. Client is paid the full face value of NSF item. By Law, our
state mandated fee is charged to the writer of the NSF item after successfully collecting
the NSF item.
Detailed online reporting system. Available in real-time 24/7
Seamless implementation with little cost (i.e., customer notification requirements)
Telecommunications
Benchmark cost savings of 3% -12% of expenses reviewed
Invoice audits, network optimization and assessment, and inventory management
Manage all telecom services including voice, data, private lines, wireless, market data,
and equipment leases
Correction of billing errors generates hard dollar cash refunds and future savings
In-depth review results in recommendations to include but not limited to the
disconnection of unused, duplicate and non-working services
Intangible benefits include accurate inventory reports, improved quality control and
increased efficiency of telecom spend
Freight
2%-30% savings on domestic freight expenditures (audit & contract optimization)
5%-30% savings on international freight expenditures (audit & contract optimization)
Comprehensive review of freight rates, tariffs, and other carrier charges
Recovery of past erroneous payments and reduced rates going forward
Comprehensive web-based transportation spend reporting application
Logistics consulting
Research & Development and Other Tax Credit Studies
Maximize research credits for both Federal and state tax purposes
Provide detailed documentation for IRS/state tax audit purposes to support credits
calculated
Assist client in recording research credit provision amounts
Develop client specific processes and procedures to ensure maximization of future credit
opportunities.
BC Compliance Group, LLC
1070 Highway 34, Suite Q, Matawan, New Jersey 07747
www.bccompgroup.com
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BC COMPLIANCE GROUP, LLC
EXPENSE RECOVERY & REDUCTION SERVICES
STRATEGIC PARTNER SERVICES (Cont.)
Property Tax
Benchmark cost savings of 10%-20% of expenses reviewed
Comprehensive review of assessments, asset schedules and tax returns
Reduction in assessed property values
Improved accuracy of tax rates & remittance amounts
Procurement
Benchmark cost savings of 5%-30% of expenses reviewed
Non-intrusive strategic sourcing services in over 35 high-impact categories
Reduced acquisition cost of materials, supplies and services while maintaining vendor
quality standards
Utilities
Benchmark cost savings of 3%-7% of expenses reviewed
Comprehensive review of utilities expenditures
Recovery of past erroneous payments and reduced rates going forward
Identification/confirmation of most cost-effective utility services for the organization
BC Compliance Group, LLC
1070 Highway 34, Suite Q, Matawan, New Jersey 07747
www.bccompgroup.com
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This document provides an overview of the unique an more
This document provides an overview of the unique and effective services the BCC Group provides in the area of compliance verification and revenue recuperation. less
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