How to Avoid Payment Gateway Charges: Best Practices
How To Avoid Payment Gateway Charges: Best Practices by ERA Generally, businesses accept credit and debit card payments through a payment gateway hosted by a third party. A payment gateway connects two points in the payment process. Paying through a payment gateway is convenient when a direct connection to the credit card processor becomes impossible. […]
Cost Optimization Targets
Cost Optimization Targets by ERA Regardless of a business’ long-term ambition, the vast majority of companies will need to turn towards cost optimization. A substantial cost reduction strategy can provide stable foundations on which offensive and defensive strategies can be effectively actioned. Therefore, it’s no surprise that cost reduction is not only becoming more popular […]
Defensive Strategy Options by ERA
Defensive Strategy Options by ERA While continuing expansion may be the go-to solution for many established businesses, the importance of a solid foundation on which to build is more important than ever before. According to Deloitte European CFO Survey, overall business strategies are becoming more of a defensive strategy, with cost reduction being the top priority in almost half the […]
Expansion Strategy Options by ERA
Expansion Strategy Options by ERA For some businesses during this uncertain time, the best defense is a good offence. The Deloitte European CFO Survey for Autumn 2019 states that despite reduced overall confidence, “the mindset remains slightly tilted towards growth-oriented strategies, with more expansionary rather than defensive strategies among the top three priorities of businesses […]
CFO Job Confidence
CFO Job Confidence by ERA The saying goes that ‘familiarity breeds contempt’. Through a period of seemingly reliable stability occurred during the mid-2010s, a sea of uncertainty has been the underlying tone since the financial crisis of 2008. Pressures from all sides, including political and macro-economic factors, make these truly testing times for the CFO […]
Profit | Optimizing Procurement and Supply Chain Processes
Profit | Optimizing Procurement and Supply Chain Processes As one of the world’s leading specialists for cost management, Expense Reduction Analysts optimizes your procurement and supply chain processes while finding innovative suppliers and providers to best meet your company’s needs. We provide specialized expertise, real-time industry benchmark data, and practical industry insider knowledge for dozens of supplier industries. Our […]
A Look at ERA’s b2b Market Research
A Look at ERA‘s b2b Market Research Our business comes from all types of industries including manufacturing, professional services, retail, healthcare, education, automotive, not for profit, b2b market research and many others, the majority of which come from the SME sector. Why is there space for us to occupy? If you think about it, the typical B2B […]
Establish Methods to Monitor and Maintain Savings
Establish Methods to Monitor and Maintain Savings KPI benchmarking is the practice of comparing your organization’s performance metrics against a peer group or industry average. This allows you to track your progress and identify areas for improvement. ERA and it’s experiences provides the software and resources to help you monitor and maintain savings. Our solution offers: -A […]
Develop Systems to Maximize Savings and Prevent Price Increases
Develop Systems to Maximize Savings and Prevent Price Increases Once your organization has secured savings by implementing a contract with favorable terms, the next step is to maximize savings over time. No matter how great your agreement, price creep will eventually occur. However, you can mitigate this by developing protocols that streamline invoice monitoring and […]
Negotiation Tactics to Utilize With Suppliers
Negotiation Tactics to Utilize With Suppliers These are proven Negotiation Tactics to Utilize when dealing with your suppliers. ERA has done case studies on their effectiveness and look forward to helping you utilize them best. 1. Separate negotiator and relationship owner One effective technique that ERA uses to manage a fair negotiation process is to […]
