Profit Recovery Partners Announces Cumulative Client Savings of More Than $2.7 Billion
COSTA MESA, Calif., April 7, 2015 /PRNewswire/ -- Profit Recovery Partners (PRP) LLC announced today that it has surpassed $2.7 billion in cumulative client savings since its inception in 1997.
As companies continue to look for more strategic ways to manage costs, they have come to embrace PRP's unique approach, which provides insight into clients' entire procurement process.
"Companies are under increasing economic pressure as they struggle to meet the ever-changing requirements of the Affordable Care Act, adhere to strict new compliance and accounting principles, manage risk, and invest in technology to maintain an advantage over new disruptive competitors," said Don Steiner, president of PRP. "The thorough review and detailed reporting that PRP provides can help our clients reduce exposure to vendor-side risk management issues and unlock significant savings to offset these added expenses."
PRP begins with a no-risk Comprehensive Review™ of its clients' vendor contracts and labor resources, comparing clients' spending with industry benchmarks to provide unparalleled insight into their expenses. The company's analysts then assess potential savings by performing a thorough review of invoices and contracts, and providing detailed reporting on spending in each expense area in which impactful savings are achievable. If necessary, PRP negotiates better pricing and terms on their clients' behalf and conducts quarterly reviews to ensure that savings are maintained.
Having completed more than 1,100 client engagements, PRP has acquired in-depth knowledge and resources to help companies maximize savings in a number of expense areas, including office supplies and office equipment, printing, telecommunications services, shipping, personnel services, and many other back-office functions.
About Profit Recovery Partners, LLC
Profit Recovery Partners, LLC (PRP) develops, implements, and manages cost-reduction solutions for Fortune 1000 companies, law firms, private equity firms, and private companies throughout North America. Its industry experience and more than $2 billion in annual managed spend, as well as its program for ongoing support and verification, drive PRP's continued commitment to award-winning service. PRP's spend management, supplier management, and procurement strategies have resulted in more than $2.7 billion in client savings. To learn more, visit www.prpllc.com or call 877-484-7776.
SOURCE Profit Recovery Partners, LLC
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