Banking services can be reduced by over half without necessitating a change of banks.
Co-owner Jolanta Burkotová states that her decision to collaborate with ERA was also influenced by their equitable business model, whereby the company only remunerates for services rendered, coupled with the consultants' paramount motivation to realise substantial savings. The outcome was a 56% reduction in banking service costs, an additional investment loan to fund a new paint shop, and considerable savings across several support cost categories.
Industry: Manufacturing
Cost categories and cost reductions realised:
Foreign Exchange Transactions 83%
Transaction Fees 52%
Interest on Operating Loans 40%
Interest on Investment Loans 38%
Gas 10%
Electricity 8%
Transport 5%
Printing Supplies 38%
Office Supplies 37%
Protective Work Equipment 9%
"The ERA business model ensured an effective methodology. The analysts operated with significant autonomy, and ERA kept us apprised of their progress continually. We were considerably surprised by the quantum of savings, which substantially surpassed our expectations." [Jolanta Burkotová, co-owner and Chairwoman of the Board of Directors – Trestles]
