Boca Raton, FL, September 25, 2014 — Michael Nicholas, the CEO of Expense Reduction Analysts (ERA), is the guest on the latest program presented by 21st Century Television. During the interview, Nicholas explains, “How ERA’s risk-free strategies help companies recover significant cash flow across many expense categories, above and beyond what good internal procurement organizations can.” With over 700 consultants who have successfully completed more than 17,000 projects, ERA has developed specialized knowledge in over 40 cost categories. Watch Expense Reduction Analysts interview on Bloomberg Television (as pd. prog) on September 28, 2014. Check your local listings for airtimes.
Responding to questions concerning how ERA extends the effectiveness of in-house staffs, Nicholas states, “Our clients have ‘insider’ knowledge of their own industry sectors, and our specialists bring that same kind of insider information in each of the supplier’s industries. That combined insight leads to creative, more effective, and lower cost supplier arrangements that all parties appreciate.”
Nicholas further explains, “Most executives have more ideas and initiatives to improve their businesses than they can fund, and if they had more cash flow, they know exactly what they would do with it. What they don’t realize is that they’ve hit the practical limit to what their procurement group can do, and that there is still another 10%—30% they’re leaving on the table across significant expense categories.”
ERA generally works with companies ranging from $50 million to $1 billion in annual revenues, and these percentage savings can translate into significant contributions to working cash flow. Nicholas offers, “If executives are wondering if they’re leaving money on the table, and if so, how much, where it is, and how to get it, we can help. A quick scan with our knowledge base can quickly reveal the answer.”
JL Haber, the Vice President of Programming for 21st Century Television, notes that ERA is already the largest and most experienced consultancy in the area of cost reduction. However, it is now launching an ambitious program of growth. These cutting edge solutions of ERA represent the type of companies that 21st takes pride in bringing to its viewers’ attention.
About 21st Century Television
21st Century Television is an award winning business and health program that is independently produced by MMP (USA), Inc. The show provides its viewers an in depth opportunity to find solutions to the industry problems from some of the top business leaders from across the world. With more than 5,000 companies participating on over 500 shows, 21st Century Television continues to be the premier and targeted outlet for the latest business and health stories. 21st Century Television airs on cable networks to over 100 million potential television households.
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