Significant Growth Expected for Profit Recovery Partners as Demand Increases for Innovative Expense Reduction Solutions

Aug 09, 2011, 07:00 ET from Profit Recovery Partners, LLC

COSTA MESA, Calif., Aug. 9, 2011 /PRNewswire/ -- Profit Recovery Partners, LLC (PRP), today announced that it expects to see significant growth in 2011 as companies across the country continue to look for more strategic approaches to the way they manage costs for commodities such as office supplies and equipment, telecommunication services, shipping and other back-office functions.

Recently recognized by the Orange County Business Journal as the fourth largest employer among management consulting firms in Orange County, PRP is one of the few companies that are growing in this down market. The uncertain economic recovery has increased demand for PRP's services significantly and, according to PRP President Don Steiner, the company now projects that revenues will increase by 19% in 2011.

PRP's unique approach provides insight into their clients' entire procurement process. Beginning with a review of vendor contracts, labor resources and competitive benchmarking to assess the savings opportunity, skilled analysts then perform a thorough review of invoices and provide detailed reporting on spending in each expense area. Analysts can also negotiate better pricing on their clients' behalf, if necessary. Ongoing services include quarterly reviews to manage vendor compliance and ensure that savings are maintained.

"Our thorough review typically uncovers 14% to 37% in potential savings for our clients, which is especially significant in the current economic environment," Steiner added.

To date, PRP has performed more than 1000 of these audits, resulting in more than $1.2 billion dollars in savings for its clients. The company's areas of expertise include document management, personnel services, logistics services, information technology, office products, building services and legal resources.

About Profit Recovery Partners, LLC

Profit Recovery Partners, LLC (PRP) is a national consulting organization headquartered in Costa Mesa, Calif., specializing in the development, implementation and support of administrative expense reduction solutions for Fortune 1000 companies. Since its inception, PRP has served its clients by applying proprietary procurement management methodologies, and by leveraging unique vendor knowledge and purchasing power. For more information, please visit or call (877) 484-7776.

SOURCE Profit Recovery Partners, LLC