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Reducing Overhead & Expenses

Expense Reduction Profit Recovery (Mindwise Solutions, Inc )

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Page 1: Expense Reduction Profit Recovery (Mindwise Solutions, Inc )

Reducing Overhead & Expenses

Page 2: Expense Reduction Profit Recovery (Mindwise Solutions, Inc )

How Businesses are Managing

Source: Aberdeen Group, April 20091

According to a recent survey of 220 Chief Procurement Officers, 91% view identifying cost reduction opportunities as a top priority.

2009 Survey of Chief Procurement Officers:

Page 3: Expense Reduction Profit Recovery (Mindwise Solutions, Inc )

2

Mindwise and Cost Savings

Mindwise has the experience to identify areas of overspending and enable you to reduce your operating costs and save money.Our focus is on understanding your business dynamics around total spending, vendor structure, purchasing structure and pricing.We will work with you to identify cost saving opportunities and create a strategy for reducing operating expenses year over year.We are vendor neutral and are committed to getting you the best deal.

Our fees are based on your savings – No savings, no fee!

Page 4: Expense Reduction Profit Recovery (Mindwise Solutions, Inc )

Mindwise Solutions has helped it’s clients realize significant cost savings by reducing key operating expenses as much as

42% per year.

Our Results

Page 5: Expense Reduction Profit Recovery (Mindwise Solutions, Inc )

Telecommunication Expenses

Local, long distance, data lines, internet access, calling cards, video conferencing, conference calling, wireless / mobile (phones,and PDAs), and phone systems

Areas of Focus

Office Equipment & Copy Services

Copiers, scanners, printers, facsimile, mailing equipment, supplies, maintenance and service agreements, outsourced printing and copying services.

Office Supplies & Services

General office supplies, toner, paper, packaging, equipment rentals (coffee, water, vending), coffee, water, kitchen supplies, snacks.

Offsite Document & Media Storage

Cost per square foot, retrieval, removal, pick-ups, long term archive, shredding and any other service fees.

Temporary Employment

Temporary, temporary to permanent, contract, contract to hire, and other contingent staffing services.

Computer Hardware & Software

Computer software agreements, hardware, peripherals, maintenance, service, leasing and licensing agreements

Shipping & Postage

Air delivery, ground delivery, overnight, courier services and freight.

Banking & Merchant Fees

Merchant fee structures, credit card discount rates, check processing and approval fees.

4

Page 6: Expense Reduction Profit Recovery (Mindwise Solutions, Inc )

Preliminary Engagement Process

• Introductory Meeting

• Discuss Spending Patterns

• Agree on Areas of Focus

ExecuteAnalysisDiscovery

• Preliminary Review• Invoices• Contracts

• Opportunity Assessment

• Review Initial Findings

• Discuss Opportunities

• Agree on path forward

• Signed SOW Agreement

• Letters of Authorization

• Begin Engagement

Review

5

Page 7: Expense Reduction Profit Recovery (Mindwise Solutions, Inc )

6

Typical Engagement ActivitiesPrepare a categorized spend analysis, with identification of key areas of opportunity.Audit paid invoice files to identify overcharging, errors, and areas of potential savings based on our extensive knowledge and expertise.Review purchasing history to identify opportunities for volume discounts, rebates, and/or cash discounts.Contact current vendors to obtain any refunds due to overcharging, as well as, professionally negotiate future savings.Identify and negotiate with alternative providers for like or better services and products.Document, monitor and report status of cost reduction initiatives.

Page 8: Expense Reduction Profit Recovery (Mindwise Solutions, Inc )

7

Summary

Mindwise can help you develop an overall cost management strategy that is right for your company.

We will work with you to identifyopportunities and negotiate new agreements that save you money.

We are vendor neutral and are committed to getting you the best deal.

No risk engagement. We get paid only if we can save you money.

Page 9: Expense Reduction Profit Recovery (Mindwise Solutions, Inc )

Every Penny Counts

Let us help you reduce expenses and start saving money today.

8

Page 10: Expense Reduction Profit Recovery (Mindwise Solutions, Inc )

Contact Us

Tel: 484.558.0744Fax: 484.991.2045

[email protected]


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