1. Expense Reduction Analysts Success Stories
Royal Academy of Dance finds
over £527,636 in savings
Table of Savings
Category Saving (%) Saving (£)
Office Supplies 56% £43,812
Ground Transport 30% £8,940
Postage 42% £137,237
Couriers 72% £100,989
Bulk Mailing 16% £31,518
Marketing Print 39% £155,655
Exam Print 54% £49,485
Printed Security Cetificates
Electricity
Vending
Cleaning
Travel & Hotels
Total £527,636
Richard Slatford Financial Controller, Sue Bacchus Head of Trading, Neill Summerfield ERA sustainable extra profits for the RAD is
Client Relationship Manager reported to both teams on a monthly basis.
The Royal Academy of Dance (RAD) was the coming year and contacted Neill “We have to date engaged Expense
founded in 1920 to re-invigorate dance Summerfield of Expense Reduction Analysts Reduction Analysts on ten categories
teaching within the UK and is now one to help the RAD to obtain best market value of expenditure with travel and hotels
of the world’s most influential dance to reduce the impact on the organisation of our next target for review as this forms
education and training organisations. rising costs and falling incomes expected a large part of our spend. Our experience
Today the RAD counts more than 13,000 from the global recession. to date of working with Expense Reduction
members and the RAD examination Analysts has been excellent. Each consultant
Importantly the decision to engage
syllabus is taught to more than 225,000 has been professional and very thorough in
Neill Summerfield and his team of cost
students in 79 countries. their reporting and recommendations” said
management consultants was supported
Richard Slatford, Financial Controller.
In August 2009 the RAD initiated a spending by the Executive Management Board and
review to validate budgeted expenditure for the Board of Trustees. Progress in finding “Apart from the financial rewards of
reducing expenditure, our work with Neill
“We would recommend to other Summerfield and his team in securing
service level agreements and key
performance indicators from suppliers
charitable organisations that they has encouraged people within the Academy
to be more focused on working pro-actively
meet with Expense Reduction Analysts 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
Expense Reduction Analysts to explore
significant and sustainable savings.” the opportunity to find extra significant
and sustainable savings.”
find extra profit
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