LOUISVILLE, Ky., Jan. 23, 2020 /PRNewswire-PRWeb/ -- Alliance
Cost Containment (ACC), an award winning expense reduction
consultancy, announced the launch of a custom dashboard created to
provide clients with an overview of indirect expenses across an
entire private equity portfolio, throughout a corporation's
individual departments, or over multiple locations.
Clients log in to a custom portal to access a full view of their
non-core procurement spending managed by ACC. The dashboard
improves purchasing efficiencies by providing a breakdown of
spending and available savings opportunities. It also increases
profitability for clients by utilizing business intelligence and
detailed reporting to help companies make better informed buying
decisions.
ACC developed the reporting tool to aid client leadership teams
at private equity firms and large corporations. The dashboard helps
them better understand where savings were achieved and where
opportunities might have been overlooked. It also provides
real-time information about vendor contracts, expiration dates and
highlights the categories where the biggest dollar savings can be
found.
ACC partnered with a leading New
York based technology firm to create the final dashboard
which is hosted in the cloud by Amazon Web Services. Content is
securely managed by ACC's in-house team of data analysts.
Clients who license the portal during an ACC engagement gain
useful benefits including its capability to display missed savings
opportunities. That information brings accountability to those
responsible for purchasing, as well as oversight from company
management, the C-suite or the private equity group overseeing the
cost savings initiative.
Dashboard benefits include:
- C-Suite or PE sponsor view across portfolios / locations /
departments
- Ability to identify issues across participating investments /
locations
- Real-time data analysis
- Visibility into missed savings opportunities
- Breakdown of spend by category and vendor
- Contract expiration tracking
- Identification of rogue spending and unverified vendors
- Timely category intelligence provided by industry experts
"Watching our team conceptualize and develop the Dashboard has
been exciting. When we started this journey a year ago, no one
expected the end product to have so many capabilities so early on",
said Dee Dee McLeod, ACC's CFO/COO.
"We are enthusiastic about the possibilities this initiative holds
for our business, but particularly about how it will transform and
improve the purchasing habits of our clients."
"Inherently, indirect expenses have a tendency to get lost among
primary business goals. Leaders realize the impact well-managed
procurement expenses can have — especially across a PE portfolio or
business — and the ACC Dashboard shows at a glance exactly which
savings categories have meaningful impact and how those areas can
be optimized," said Miles Lee, CEO
of ACC.
Contact: Kelly Gold
502-208-4546
Alliance Cost Containment, LLC
info@alliancecost.com
ABOUT ALLIANCE COST CONTAINMENT
Louisville-based Alliance Cost
Containment(ACC) assists clients with profit improvement by
reducing procurement costs. The company primarily works with
corporations, private equity backed companies and industry groups.
ACC's approach instills institutional behavior change, adherence to
best practices, and helps improve forecasting. The company also
creates and manages marketplace environments for private equity
portfolios and franchise organizations requiring a group savings or
GPO structure. ACC is the recipient of numerous awards, including
Business of the Year from Louisville Business First, the GLI
Inc.Credible Award, the Best Places to Work award 3 years running,
the Inc.5000 Fastest Growing Business award and more. Headquartered
in Louisville, Kentucky, ACC has
satellite offices across the USA.
The company experienced significant growth and garnered a
reputation for extraordinary client results and top business
integrity.
ACC's Private Equity division focuses on reducing procurement
costs across PE portfolios. Whether they are seeking a synergistic
buy or planning their exit strategy, ACC helps PE clients make
informed decisions. ACC is now an expert in the private equity
industry, helping PE firms realize higher multiples for their
portfolio company valuations. The Dashboard is a valuable addition
to the PE expense reduction toolbox.
Website: alliancecost.com
Facebook: facebook.com/alliancecost/
LinkedIn: linkedin.com/company/alliance-cost-containment/
Twitter: @alliancecost
SOURCE Alliance Cost Containment, LLC