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Cost Assurance
Using advanced analytics capability to identify and fix cost leakage to improve profit
Reducing cost leakage
With multiple suppliers, channels, processes and systems, cost leakage can occur in almost any business, but by identifying leakage in operational processes, supplier handoffs and contracted agreements, we ensure your costs are as they should be. We use investigation techniques and extensive analytics expertise to assure operational expenditure accurately, consistently and reliably, delivering 5 to 10 times return on investment.
A control assessment to identify control weaknesses for investigation
An in-depth review to quantify and
analyse the control issues
Controls and improvement to initiate
leakage recovery actions
Analysis is conducted on known
leakage generators
Analysis is conducted on identified
control weaknesses
Business cases are created based on
the leakage issues identified
How it works
Our cost assurance solutions start with a short proof of concept where we assess your existing assurance capabilities and leakage improvement opportunities to see where we can help. Leading on from the proof of concept, we provide a managed service which continues to deliver business benefits and can be used to compliment any ‘business as usual’ assurance activities already in operation.
Reduce margin leakage
Operational process control improvements
Improve product and service customer compliance
Improve discount and promotion compliance
Identification
Proactive process control assessment, data reconciliation and analysis activities leading to the identification of process control issues that cause revenue leakage.
Compliance
Maintenance of various business rules, customer and regulatory compliances that enable the a ‘best in class’ framework for process controls.
Controls
Creation of control frameworks for each end-to-end operational process to identify and assess their adequacy in minimising revenue and cost leakage.
Delivery
Process control issues quantification and root cause investigations leading to leakage recoveries and the implementation of enduring process fixes.
Delivery
All process controls for every product and service in the various end-to-end processes are monitored to ensure revenue and cost leakages are minimised on an ongoing basis.
Governance
Provide regular updates to senior stakeholders in SteerCo forum, which provides direction, approvals, funding and barrier removal.
£4.05m
increased revenue
£860k
total annual leakage saved
