Small changes can reduce expenses and improve profitability for businesses
That is what John Tozzi wrote recently in the BloombergBusinessWeek. He suggested 10 ways to help companies to trim costs without touching their core business. For example he talked about reducing energy use by switching to economic bulbs, or finding cheaper places to pay less rent by moving or renegotiating term leases. Well I agree, you can even check and cut your travel expenses, buy second hand equipment and furniture or pay your invoice early to avoid extra fees. But if I wanted to cut costs in my business I wish I could start without really changing everything. Tozzi says "Keep only supplies you need in stock to reduce overhead". Now you are talking!
What is really interesting is that in all he suggested one out of three points is provided by Cimpl, our software platform.
He strongly advises to manage the inventory, to audit assets and cut tax bills. Indeed, it is difficult to have full visibility of what you own nowadays. Thanks to Cimpl, you can effectively Take Back Control on your spending and know what you have, where it is and what it costs you.
Sounds good? That is not all...
Even more, each employee can now be empowered to access through the Cimpl dashboard their cost and usage data by department. Alerts of potential savings opportunities can be flagged, for example when services are no longer needed. This visibility provides a clear picture of the organization's spending trends and inventory. With a central solution that specifies internal decision rights and the accountability framework, it encourages self-management. Hence, it is a good way to implement rule-based controls and save valuable money!
When it comes to tax savings Cimpl turns out to be a great partner too. Indeed, you should know that wireless is in a unique position in regards by which services are delivered to the end user and how those services are billed to corporations. Awareness is key. Certain conditions apply to eligible organizations. Some tax rules affect only wireless service costs and they specifically involve federal and provincial tax recovery. You may find a way of saving money here. Moreover, Cimpl's telecom expense management software is tailored to comply with Canadian and US financial regulations and implements all tax changes and updates in its reporting.