Profit Recovery Partners Continues 2014 Expansion Into 2015
Cost-Reduction Firm Expects Even Better Results in 2015
COSTA MESA, Calif., April 13, 2015 /PRNewswire/ -- Profit Recovery Partners (PRP) LLC announced today that it expanded its scope of services by 25% in 2014. With demand for the company's cost-reduction and supplier management services expected to continue to increase, the company is targeting to grow another 27% in 2015, and has leased an additional 12,500 sq. ft. of space to accommodate its expanding team of finance and industry-specific professionals.
The three factors driving demand for PRP's services are the increased security risks posed by employee-and technology-based security threats, sharp reductions in energy pricing, and sharper scrutiny on outsourcing. In the post-Sony and -Anthem world, every firm needs to be certain that their policies and contracts with vendors provide adequate protection against loss of critical data. The change in energy markets and the movement back to in-sourcing require up-to-date contract terms and negotiation savvy.
"This is an area where PRP can help alleviate some of the pressures our clients are facing," said Don Steiner, PRP's president. "Beyond just negotiating more favorable contracts with their vendors, our growing team can also ensure that those contracts are properly documented and executed, that the vendor is complying with all the terms, and that their company has best possible assurances of security, risk avoidance, and clear vendor accountability."
After reviewing a client's spend history, vendor contracts, and invoices, PRP delivers a four-part analysis: potential savings, clients' spend vs. industry benchmarks, service and contract terms review for suitability, and staff resourcing requirements. PRP then actively negotiates with vendors for its clients, and provides ongoing support to ensure that savings achieved, are fully maintained.
To date, PRP has completed more than 1,100 client engagements, resulting in cumulative savings of more than $2.7 billion.
About Profit Recovery Partners, LLC
Profit Recovery Partners, LLC (PRP) develops, implements and manages cost-reduction solutions for Fortune 1000 companies, law firms, private equity firms, and private companies throughout North America. Its industry experience and more than $2 billion in annual managed spend, as well as its program for ongoing support and verification, drive PRP's continued commitment to award-winning service. PRP's spend management, supplier management and procurement strategies have resulted in more than $2.7 billion in client savings. To learn more, visit www.prpllc.com or call 877-484-7776.
SOURCE Profit Recovery Partners, LLC
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