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Consulting engagement results in 51% cost reduction & margin improvement

Consulting engagement results in 51% cost reduction & margin improvement

Situation:

go As part of a consulting engagement to help a Company “get to the next level”, Brown, Welch, McAllister LLP observed that a new entity had been created for each line of business or each new market the company entered. In addition, each entity engaged a unique set of vendors. Couple that with the fact that monthly reporting was done in excel spread sheets and it was immediately evident that besides being inefficient and expensive, there was no ability to evaluate the business or identify controls weaknesses or opportunities for improvement.

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Solution:

http://cinziamazzamakeup.com/?x=comprare-viagra-generico-100-mg-pagamento-online-a-Bologna BWM recommended and implemented a plan to consolidate all companies with similar lines of business into one entity. BWM installed new accounting software to allow for consolidated reporting as well as both cost center and customer profitability reporting. In addition, the vendors were consolidated to take advantage of the purchasing power of the Company.

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Result:

http://maientertainmentlaw.com/?search=buy-now-cialis Consolidated financial statements are ready within 5 workdays. Insurance, tax preparation and accounting costs have been reduced by 51%. Customer profitability reports have given management the tools to increase margin in 36% of customer base.

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