In today’s sluggish economy, many businesses fight to maintain positive cash flow. Oftentimes, business, small and large, overlook the fact that lowering costs can be an equal or greater opportunity to strengthen cash flow than increasing sales. We find, almost without fail, that businesses are not aware that they are overpaying for goods and services and are unable to detect profit leaks.
Frequently profitability can be doubled with a solid approach to cost reduction. This is where Ultegra comes in.
Our procurement specialists will take a look at your spending in certain categories, let you know where you can save, and negotiate on your behalf with existing vendors and/or new vendors. First we target “indirect and consumable” expense categories and address the most common profit leaks; then we show you how to plug up the holes. One common way is that we consolidate the number of suppliers that you are using, which allows us to negotiate better terms and pricing with those that we decide to continue using. At times, we recommend alternative suppliers where the quality of goods and services are not compromised. Ultegra goes the extra mile by partnering with expense category specialists to ensure that we are bringing in the best subject matter experts across categories – and this is how we can be sure that we will detect the leaks that might go un-detected by internal audits or our competitors.
A single area of savings may seem insignificant, but when combined together saving can quickly add up. In today’s competitive environment and sluggish economy, cost containment and reducing overhead may be an even more important area of focus than increasing sales; you have more control over your cost then consumer buying decisions.
Insurance (Liability, Property and Casualty, Health)