Business Development & Consulting Services
Expense Reductions
Worker's Compensation Audit
Many times the employee classification relative to workers compensation insurance is incomplete or simply wrong. Many employees, based on their various daily functions may or should carry different or multiple classifications, but don’t. These errors cost American employers millions of dollars annually. Through our study we evaluate issued workers compensation insurance policies and the work product of those involved in creating and issuing such policies. By comparing the policy content to the source documentation used to determine the policy premium, the premium audit review process determines the correct amount of premium that each policy holder is, or should have been, required to pay. Contingent upon our findings, the business owner may be entitled to refunds of over expenditures for up to the last 7 years of premiums. An additional realized benefit, will be annual savings going forward as a result of the corrections being made. In excess of 70% of all businesses are being over charged.
HR, Compliance and OSHA Training
As you may know, in recent years, workplace injuries, violations and fines under OSHA and the Department of Labor have increased. This has cost employers controllable dollars in addition to liability issues.
As a result of recent training regulatory changes for 2019, and also annual OSHA and HR courses that must be completed under the law, our agency has prioritized adding 200 training videos to our Learning Library. Our Learning Library features both HR and P&C courses for employers to meet their HR, compliance and OSHA training needs. It is a recordkeeping system and stores certifications.
We want to ensure our clients are keeping controllable costs in their pockets and being proactive, not reactive to the changes in the industry.
Can we help you fill a gap within your compliance program?
Equipment Lease Audit
There exist incredible opportunity for even minute errors in billing to develop into massive over expenditures with the volume of usage relative to leased equipment. We will not only identify those errors and recapture those expenses for you, but will also, as a result of our findings, provide savings on future use of the leased equipment. All lease are auditable, the larger the expense and the longer the equipment has been leased the more you will want us to review it.
Cell Phone Audit
Through this audit we reduce the client’s wireless bills for 24 months via a third party review. The review will look at errors, overages, and other fees to optimize the client’s account. The focus is to save money within the same carrier and not to change to a different carrier. We are successful 90% of the time in saving our clients 25% of their gross communication costs.
Freight & Parcel Audit
With the vastness and volume of today’s shipping enterprise, there exists enormous opportunity for billing errors to occur. With this system, we review and audit a company’s overall freight/parcel costs via primary carriers; FedEx and UPS. Through the audit we have a 90% success rate in identifying client savings that are based on those over charges from the shipping carriers. In addition, client reports are provided detailing the errors.
Property Lease Audit
With this audit, we help commercial tenants recover rent expense overpayments and prevent ongoing operating expense overcharges that are based on inaccurate billing methodologies or impermissible lease charges. All leases are auditable, we are highly effective in identifying issues and recapturing those monies.
Merchant Credit Card Audit
Our Credit Card Audit focuses solely on expense reduction within the payments industry. Our expertise and experience coupled with our thorough expense reduction process ensure a competitive advantage over other firms advertising similar services.
Service Overview
Our Credit Card two-phase approach to expense reduction is unparalleled in the payments industry. We correct the processing plan to reflect the most competitive plan type and rate, using formulated, specific asks of the existing provider. Our team then works with the client to further reduce the nonnegotiable fees through processing optimization, where we can help qualify payment transactions at lower interchange rates by passing through additional processing data.
Targeted Industries
We have seen the highest success rate for merchants that process credit card transactions where the card is not physically present. This is referred to as a Card Not Present (CNP) environment and includes B2B and eCommerce companies. Companies processing card payments between $1M and $20M on an annual basis typically have the largest potential savings opportunity. For card present locations, where the credit card is physically swiped at a terminal device, there may still be significant savings. As such, those types of merchants shouldn’t be overlooked or immediately disqualified. B2B • Law firms focusing on corporate litigation and transactions • Corporate accounting firms • Manufacturers • Distributors eCommerce • Online retailers • Phone / Internet / Catalog Orders
Minimum Requirements
Potential clients must annually process in excess of $300,000 in card payment volume. Along with an executed Audit Services Agreement, Agent shall provide via the Client 1-2 recent monthly merchant processing statements in order to calculate the Baseline Processing Rate, used to measure future savings.
Protocol & Process
We need 1-2 recent merchant processing statements along with our Audit Services Agreement in order for us to perform an analysis. • Credit Card department will present findings to the Client upon completion of the initial analysis. • After receipt of all / any additional required documentation, we will begin securing lower fees directly with the merchant services provider. On average this process takes 30-60 days from receipt of all client documentation needed to process the lowering of fees.
CONTACT
US
Tel. 209.572.5100
Toll Free. 1.888.705.5557, Ext 6182
1111 J ST, STE G-112
Modesto, CA 95354
VISIT
US
Monday - Friday 8:30 - 5:00
Saturday - By Appointment
Sunday - Closed