Expense Reduction Analysts Helps Businesses Get Financially Fit

CARLSBAD, Calif., Feb. 19 /PRNewswire/ -- Expense Reduction Analysts (ERA), a leading worldwide cost-reduction consultancy, is helping the companies that help Americans keep their #1 New Year's resolution -- get in shape.

"We have reduced expenses for clients that include NutriSystem, New York Road Runners and CytoSport, the maker of Muscle Milk," said Ken Hagerstrom, President and Chief Executive Officer of ERA-USA. "Just as their clients are trying to get fit and trim fat, we are helping our clients with financial fitness, trimming 'fat.'"

Other ERA clients in the U.S. include companies that provide specialized fitness and weight-loss programs; make high-end mountain bikes; manufacture popular nutritional supplements; and grow healthy fruits and vegetables. The consultancy's experts have helped them reduce G&A expenses such as merchant card fees, office supplies, packaging, factory consumables, chemicals, telecommunications and small package freight.

These clients report that ERA's recommendations lead to strengthened P&L statements and cash flow, which they can reinvest in their core business. "We help them save money so that even in today's economy, they can continue to offer the tools necessary for a healthy lifestyle," said Hagerstrom.

CytoSport reduced its merchant card fees by 42%, saved 29% on office supplies, cut telecommunications expenses by 19% and brought down costs for temporary labor by 13%. The company saved more than $250,000 last year.

"Our company is growing rapidly," said David Weber, former CFO and now COO of CytoSport. "The savings have provided an additional source of funding for us to continue to strengthen our position in the marketplace."

ERA Expertise

The U.S. practice includes more than 250 Consultants located across the country. ERA Consultants have access to a proprietary suite of sophisticated RFP analytic tools and benchmark pricing data from more than 14,000 successful cost-reduction projects.

Consultants reduce business costs for clients that include manufacturers, distributors, restaurant chains, banks, law firms, and non-profit organizations, to name a few.

Clients can take advantage ERA's extensive knowledge and market intelligence in expense categories common to a wide variety of industries. Few companies would be able to justify hiring this level of expertise internally.

ERA clients save about 20% and clients start to realize those savings quickly, usually in less than 90 days. If ERA finds no savings, there is no fee.

SOURCE Expense Reduction Analysts