reduction des couts,voyage,low cost,cheap airfare,cheap flight,transport,energie,telecom,IT low cost,outsourcing,supply chain,voip,sourcing,e-sourcing,eprocurement,security costs,reduce energy costs,labors cost,office cost saving tips
cost centers general expenses

Office Supplies

Courier Expenses - Overnight deliveries

Printing Costs

Fax Communications

Photocopiers

Cleaning Services

Energy Saving

Office
Fleet Management

Travel expenses

Waste Management

Building Costs Management

Spend Management - Purchasing

finance costs

Finance Costs

Capital and Operating Expenditure

Tax costs

Accounting & Cash Management

Start-up costs

Outsourcing activities

Labor costs
IT capex opex

Internet spending

Operation - Maintenance costs

Software Development cost

IT asset management

IT Capex and Opex

Document automation

IT Governance spending

IT Offshore operations

Open Source expenses

ERP Development expenses
CRM Development expenses

Outsourcing operations

PABX

Security

Storage - San costs

Telecom spending

VoiP

VPN costs

Mobile Wifi 2G 3G communications

Operational Capex / Opex

Management costs

Operational Costs

E-procurement

E-sourcing

CRM

Call-center expenses

Logistics & Supply Chain expenses

Maketing spending

Production operations expenditures

Packaging expenses
Freight costs
.

Coronation Fund Managers: Expenses in financial services

Industry: Financial Services
Financial software: Access Accounts

Overview
London-based Coronation Fund Managers is an independent, specialist fund manager founded in 1996 providing sophisticated investment solutions to institutional clients.

A paper-based process under strain
Most Coronation employees are frequent travellers and as the business has expanded, the amount of travel has increased proportionally.

Clinton Martin, Chief Financial Officer, explained some of the complexity that the organisation faced:

“Once a month, the finance department would update a spreadsheet with the latest foreign exchange rates, and we’d email this to each employee. Each staff member would input their expenses, print out the claim and send this for approval to their line manager. This often caused delay, as line managers were themselves frequent travellers.”

“Accounts staff would then input the data line item by line item to the company’s core financial software, Access Accounts. This was a frustrating and time consuming task.”

The process was creaking under the strain until WebExpenses was introduced.

Immediate improvements
Martin explained that the benefits of a web-based solution were immediate, in the first instance in the front office:

“The feedback that we received from front office staff was extremely positive. Where previously they input expenses only once they returned to the office, they now enter their expenses wherever they are in the world.”

“The exchange rate functionality is particularly useful, and they have been keen adopters on the feature that lets you send expenses by SMS.”

The benefits in the back office are also substantial:

“The process was immediately transformed. The time savings in the accounts department are significant and we are able to post the consolidated data to Access quickly and easily.”

“Where we previously input only summary data, we now include all data, including the description, which includes client details. Our auditors are particularly impressed by that feature.”

“We also make use of the feature that allows us to flag expense items that exceed predefined category limits. This allows us to pay extra attention to certain items.”

Source : Webexpenses

WebExpenses is the leading provider of expenses solutions for small, mid-sized and multi-entity organisations.

Implementations can range from companies with a single user to those with several thousand users across the world, in industries as diverse as consultancy, consumer goods, financial services, healthcare/pharmaceuticals, IT, recruitment and telecommunications.

A unique approach to expenses software
A key factor differentiating our products from those of competitors is that they can be configured and implemented immediately, thus delivering a high and rapid return on investment.

We believe that the cost reduction benefits of lower travel and entertainment spend and reduced processing costs are considerable. However, in contrast to other expense claim automation providers, we believe that achieving these cost savings should not require a lengthy and costly system implementation.

WebExpenses minimises implementation costs as follows:

• Our applications allow for immediate implementation with a flexible configuration handled remotely by an experienced team. There is no requirement for our implementation staff to visit a customer's location.

• Our user interface allows employees to create and submit expenses with a minimum of formal training. In fact, the WebExpenses user manual has been condensed to a single postcard-sized document.

As a result, our customers achieve a rapid implementation, immediate cost savings and a very high return on investment.

.

 

 


Cost Cutting Actions - Cost Savings Measures

● Office supplies cost saving measures
● Courier expenses & Overnight deliveries Costs saving measures
● Printing Cost Saving solutions & tips
● How to cut the costs of your fax system
● Printers & Photocopiers cost saving Solutions
● Cleaning cost savings suggestions
● How to cut energy costs - Energy Cost Savings Initiatives
● How to cut office Costs
● Fleet Management cost saving opportunities
● Environmental Management - Waste Reduction Measures
● Building management and control systems costs saving examples
● Purchasing & Spend management Cost cutting & cost savings solutions
● How to track costs and optimize accounting costs
● Defending budgets with Activity-based Costing and Management ABC/ABM
● Capital and Operating Expenditure (Capex / Opex)
● How to optimize the Return on Investment ?
● Finance and Cash Management cost savings Measures
● Operational Costs Cost cutting Initiatives
● How to reduce the labour costs ?
● How to Dramatically increase employee productivity?
● Internet cost savings solutions
● IT operation and maintenance cost savings measures
● IT Software Developement Cost cutting measures
● IT Asset Management - Upgrades and Migration, Data Sharing and Integration Cost Cutting measures
● IT ROI - Return On Investment on Information Technology Opex / Capex
● Document Automation cost cutting solutions
● IT Outsourcing & IT Offshore initiatives
● Open Source cost Saving solutions
● ERP - Database - Data Warehouse - Cost Cutting
● Cost Saving Solutions
● CRM (Customer Relationship Management) Cost savings measures
● IT Outsourcing & IT offshore initiatives
● Security cost saving techniques
● STORAGE - SAN - NAS cost saving suggestions


● Bringing the costs and pricing of telecommunication down
● VoIP - Voice over IP Cost Cutting solutions
● VPN - Virtual Private Network cost savings measures
● Mobile - GSM - UMTS - WiFi - RFID - Satellite cost cutting solutions
● Enterprise Management cost cutting applications
● E-procurement cost saving solutions
● How to cut the Sourcing costs costs - Sourcing cost saving measures
● Call Center & Contact Center cost saving solutions
● Supply Chain Management cost cutting opportunities
Marketing cost saving measures
● Production Cost Savings measures
● How to reduce the Packaging Costs
● How to reduce the Freight costs
● How to reduce travel costs ?
● Cost cutting techniques for manufacturing companies
● Fleet Cost Reduction
● Office cost cutting tips
● How to reduce the labour costs
● How to Cut HR Costs
● Cutting cost hospital initiatives
● Cutting The Logistic Costs
● Cheap airfare Cheap ticket low cost flight
Cost saving purchasing to management
● Truck fleet money saving ideas
● Cost saving suggestions for safety
● Cutting ink costs
● Call Centers Cost Cutting suggestions
● Airline ticket saving ideas
● how to cut telecom costs with VoIP

● Cheap flights, low cost airline and low air fares tips

Costkiller.net - B2B cost cutting leader Portal © 2003,2004,2005,2006, 2007, 2008 Coskiller.net - all rights reserved