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Expense Reduction Analysts Success Stories

Royal Academy of Dance
finds over £1 million in savings
                                                                                            Table of Savings
                                                                                            Category            Saving (%)   Saving (£)
                                                                                            Office Supplies           67%      £51,603
                                                                                            Ground Transport          30%       £8,940
                                                                                            Postage                   42%     £115,752
                                                                                            Couriers                  72%     £400,441
                                                                                            Bulk Mailing              16%      £31,518
                                                                                            Marketing Print           52%     £206,697
                                                                                            Exam Print                54%      £49,485
                                                                                            Secure Certificates       34%      £28,135
                                                                                            Electricity               17%      £10,578
                                                                                            Annual Conference         29%     £105,300
                                                                                            Vending
                                                                                            Travel & Hotels
                                                                                            Contract Cleaning
                                                                                            Outsourced HR
                                                                                            Expenses Management
                                                                                            Dance School Management
                                                                                            Total                       £    1,008,449

                                                                                            Importantly the decision to engage
                                                                                            Neill Summerfield and his team of cost
                                                                                            management consultants was supported
                                                                                            by the Executive Management Board and
                                                                                            the Board of Trustees. Progress in finding
Richard Slatford Financial Controller, Sue Bacchus Head of Trading, Neill Summerfield
                                                                                            sustainable extra profits for the RAD is
Expense Reduction Analysts Client Relationship Manager
                                                                                            reported to both teams on a monthly basis.
The Royal Academy of Dance (RAD) was           In August 2009 the RAD initiated a           “We have to date engaged Expense
founded in 1920 to re-invigorate dance         spending review to validate budgeted         Reduction Analysts on ten categories
teaching within the UK and is now one          expenditure for the coming year and          of expenditure with travel and hotels
of the world’s most influential dance          contacted Neill Summerfield of Expense       our next target for review as this forms
education and training organisations.          Reduction Analysts to help the RAD to        a large part of our spend. Our experience
Today the RAD counts more than 13,000          obtain best market value to reduce the       to date of working with Expense Reduction
members and the RAD examination                impact on the organisation of rising costs   Analysts has been excellent. Each consultant
syllabus is taught to more than 225,000        and falling incomes expected from the        has been professional and very thorough
students in 79 countries.                      global recession.                            in their reporting and recommendations”
                                                                                            said Richard Slatford, Financial Controller.
                                                                                            “Apart from the financial rewards of reducing
“We would recommend to other                                                                expenditure, our work with Neill Summerfield
                                                                                            and his team in securing service level

charitable organisations that they                                                          agreements and key performance indicators
                                                                                            from suppliers has encouraged people within
                                                                                            the Academy to be more focused on working
meet with Expense Reduction Analysts                                                        pro-actively to ensure that we receive the
                                                                                            best possible service from our supplier base”
to explore the opportunity to find extra                                                    “We would recommend to other charitable
                                                                                            organisations that they meet with
significant and sustainable savings.”                                                       Expense Reduction Analysts to explore the
                                                                                            opportunity to find extra significant and
                                                                                            sustainable savings.”




find extra profit
www.erauk.net

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£1 million savings for RAD

  • 1. Expense Reduction Analysts Success Stories Royal Academy of Dance finds over £1 million in savings Table of Savings Category Saving (%) Saving (£) Office Supplies 67% £51,603 Ground Transport 30% £8,940 Postage 42% £115,752 Couriers 72% £400,441 Bulk Mailing 16% £31,518 Marketing Print 52% £206,697 Exam Print 54% £49,485 Secure Certificates 34% £28,135 Electricity 17% £10,578 Annual Conference 29% £105,300 Vending Travel & Hotels Contract Cleaning Outsourced HR Expenses Management Dance School Management Total £ 1,008,449 Importantly the decision to engage Neill Summerfield and his team of cost management consultants was supported by the Executive Management Board and the Board of Trustees. Progress in finding Richard Slatford Financial Controller, Sue Bacchus Head of Trading, Neill Summerfield sustainable extra profits for the RAD is Expense Reduction Analysts Client Relationship Manager reported to both teams on a monthly basis. The Royal Academy of Dance (RAD) was In August 2009 the RAD initiated a “We have to date engaged Expense founded in 1920 to re-invigorate dance spending review to validate budgeted Reduction Analysts on ten categories teaching within the UK and is now one expenditure for the coming year and of expenditure with travel and hotels of the world’s most influential dance contacted Neill Summerfield of Expense our next target for review as this forms education and training organisations. Reduction Analysts to help the RAD to a large part of our spend. Our experience Today the RAD counts more than 13,000 obtain best market value to reduce the to date of working with Expense Reduction members and the RAD examination impact on the organisation of rising costs Analysts has been excellent. Each consultant syllabus is taught to more than 225,000 and falling incomes expected from the has been professional and very thorough students in 79 countries. global recession. in their reporting and recommendations” said Richard Slatford, Financial Controller. “Apart from the financial rewards of reducing “We would recommend to other expenditure, our work with Neill Summerfield and his team in securing service level charitable organisations that they agreements and key performance indicators from suppliers has encouraged people within the Academy to be more focused on working meet with Expense Reduction Analysts pro-actively to ensure that we receive the best possible service from our supplier base” to explore the opportunity to find extra “We would recommend to other charitable organisations that they meet with significant and sustainable savings.” Expense Reduction Analysts to explore the opportunity to find extra significant and sustainable savings.” find extra profit www.erauk.net