by Gene Waltz, Executive Vice President, Edge Insights The benefits of a professional audit can include helping a business expose errors, minimizing costs, improving the bottom line with long-term savings, and saving time traditionally taken up combing through bills. But, even with these benefits, businesses often don't see the immediate value of an audit, and they fail to implement one. This bypass of a crucial component in a business's long-term savings plan can have a negative ripple … [Read more...]
How a Sustainability Strategy Can Pay Big Dividends
For years, a “sustainability strategy” seemed like pie-in-the-sky daydreaming, the province of idealists that don't understand business. However, as sustainability strategies have grown and developed, their economic benefits began to clarify, and soon, this tool formerly regarded as eco-granola-nonsense became a significant contributor to the bottom line. Such a transformation might amaze, but a closer look at how it pulled off such a move will make it look simpler than many may have … [Read more...]
Going Green: Save Money With Recycling at Your Business
Ever since Eliyahu M. Goldratt and Jeff Cox got together back in 1984 to release the book “The Goal”, it became almost universally clear that the ultimate goal of any business is to make money. While that was likely always the case, it kind of got buried over the years under shifting management fads and ancillary things we do to reach that real ultimate goal. Since the goal is to make money, we have two choices of how to do that: we can increase revenue or decrease expenses. Those looking to … [Read more...]
The Benefits of Going Green: Save the Planet and Your Bottom Line
It's hard to look at the whole environmentalist concept and not agree that it’s the right thing to do. However, in the area of waste disposal and recycling, it can seem like extra work and extra cost for a business. Especially when the only return is to feel good about doing the right thing. At Edge Insights, our experience has clearly defined that there is real bottom line financial benefit to businesses that do “the right thing” environmentally. The benefits of going green extend far beyond … [Read more...]
Telecom Expense Management: Stop Leaking Money
For most businesses, telecommunications are one of, if not the most, business-critical services and expenses on the books. Imagine how difficult it would be to get anything done if there was no internet access for an entire month, or no ability to make or receive telephone calls. That would leave most businesses in a desperate position. At the same time, however, it's also a service where expenses can quickly get out of control. Balancing these two terrible fates becomes crucial, and it's not as … [Read more...]
Why Should You Audit Your Operations? (Hint: You Can Manage Business Costs Better)
Did you know you could be overspending in areas you’re not aware of? Audits of your business can shed light on unnecessary expenses and reduce costs, improving your bottom line. Businesses that don’t have the resources or the time to carefully analyze their expenses could benefit from an audit, which would pave the way towards significant savings by helping to manage business costs more effectively overall. Unbeknownst to many, audits can also reveal leaks in a business’s waste, energy, and … [Read more...]
The Hidden Benefits of Waste Cost Consulting
Waste cost management isn't something that business executives often think of as a practice to save money. Even CFOs and CEOs who suspect that investing in waste management is the right thing to do get waylaid by many higher priority tasks. These tasks often leave an executive with little time left over. As a result, waste cost management concerns fall to the bottom of the list because they seem to have relatively little impact on your ability to run a profitable business. You might be … [Read more...]
What Are Cost Consulting Services?
Managing your business’s expenses can be tedious and time consuming. What's more, even after you spend the time to organize and pay the invoices, you might be overspending in areas you don’t realize. The most obvious role for cost consulting services is when an organization needs help managing its expenses but doesn’t have the time or resources to do so. The less obvious role is helping that organization discover surprising areas to cut costs. Cost consulting services are offered by consultants … [Read more...]
On-premise vs. cloud-based voice
Choosing the right voice path for your business: On-premise vs. cloud-based voice On-Premise PBX • Cost – higher upfront costs and set-up fee. Above certain threshold it might be cheaper to own equipment than pay a monthly fee, but servicing and maintenance can get expensive. When using only basic call features with >25 phones per store, total cost of ownership is less over 5-year period • Scalability – purchase phones to expand (in addition to any licensing … [Read more...]
Reading Eagle Business Weekly Profile
Read our business profile on page 31 in Reading Eagle's Business Weekly and be sure to check out our advertisement on the following page! Reading Eagle Business Profile 3_21_17 … [Read more...]