1. Expense Reduction Analysts Success Stories
Royal Academy of Dance
finds over £1 million in savings
Table of Savings
Category Saving (%) Saving (£)
Office Supplies 67% £51,603
Ground Transport 30% £8,940
Postage 42% £115,752
Couriers 72% £400,441
Bulk Mailing 16% £31,518
Marketing Print 52% £206,697
Exam Print 54% £49,485
Secure Certificates 34% £28,135
Electricity 17% £10,578
Annual Conference 29% £105,300
Vending
Travel & Hotels
Contract Cleaning
Outsourced HR
Expenses Management
Dance School Management
Total £ 1,008,449
Importantly the decision to engage
Neill Summerfield and his team of cost
management consultants was supported
by the Executive Management Board and
the Board of Trustees. Progress in finding
Richard Slatford Financial Controller, Sue Bacchus Head of Trading, Neill Summerfield
sustainable extra profits for the RAD is
Expense Reduction Analysts Client Relationship Manager
reported to both teams on a monthly basis.
The Royal Academy of Dance (RAD) was In August 2009 the RAD initiated a “We have to date engaged Expense
founded in 1920 to re-invigorate dance spending review to validate budgeted Reduction Analysts on ten categories
teaching within the UK and is now one expenditure for the coming year and of expenditure with travel and hotels
of the world’s most influential dance contacted Neill Summerfield of Expense our next target for review as this forms
education and training organisations. Reduction Analysts to help the RAD to a large part of our spend. Our experience
Today the RAD counts more than 13,000 obtain best market value to reduce the to date of working with Expense Reduction
members and the RAD examination impact on the organisation of rising costs Analysts has been excellent. Each consultant
syllabus is taught to more than 225,000 and falling incomes expected from the has been professional and very thorough
students in 79 countries. global recession. in their reporting and recommendations”
said Richard Slatford, Financial Controller.
“Apart from the financial rewards of reducing
“We would recommend to other expenditure, our work with Neill Summerfield
and his team in securing service level
charitable organisations that they agreements and key performance indicators
from suppliers has encouraged people within
the Academy to be more focused on working
meet with Expense Reduction Analysts pro-actively to ensure that we receive the
best possible service from our supplier base”
to explore the opportunity to find extra “We would recommend to other charitable
organisations that they meet with
significant and sustainable savings.” Expense Reduction Analysts to explore the
opportunity to find extra significant and
sustainable savings.”
find extra profit
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