You Can Cut Your Oil Heating Costs

Are there any real guarantees in this world? Well, I’ll let you decide on that one. But, I do know that if you’re spending €10,000 or more annually on oil heating – we should talk.

Businesses across Ireland are switching from oil to biomass for one very good reason. Typically, you will save upwards of two thirds of your current cost of oil. And, with the Auditel cost management approach, we can help you work through an ESCO (Energy Services Company) to give 100% certainty over your heating costs for the next three years. During this period, the ESCO will install and maintain all required physical plant, provide total energy cost stability and do this with no capital outlay on your part.

After an initial no cost meeting we can present to you a simple, one page business case outlining current costs, projected costs, savings and project payback time.

Given the ever increasing costs of oil heat, is there any reason not to explore this impressive and sustainable cost saving measure? Contact us to book your free Business Health Check

Energy and Communications Savings Opportunities

When we look at our energy and communications invoices, do we actually understand the make up of the account or do we just look at the invoice total and move on. We say to ourselves “I must reduce the spend on that soon”. Does that soon ever come around? Or does a supplier fall in through your door some day with this fantastic offering that you just can not refuse to take? You sign up for a twelve month contract again! And after three or four months you are looking at the invoice total again and wondering where is this “fantastic offering”? Where are those savings?

Can you ask yourself these 4 questions?

  • Do I completely understand packages and bundles on my mobile account?
  • Do I completely understand my landline charges and how to secure a package most suited to my call pattern to reduce cost?
  • Have I ever had an energy audit completed to ascertain how I would reduce my energy usage and reduce cost on my energy?
  • Do I have my energy supply tendered to suppliers to achieve the best rates available?

If you have answered no to two or more of the questions above then it is more likely that your competitors might have the edge on you in controlling their costs ! Do you really want a situation like that?

We can call to your office free of charge and we can go through what you could be missing out on and how Auditel can help you reduce your costs. This meeting is free and our fee’s are structured on shared savings so our clients are on a gain from day one.

There is no excuse to not have the best available tariffs.

 

Earn More and Work Less

Earn More and Work Less – Can this be a reality?

This headline would ordinarily have people clicking the Spam button straight away, but Auditel’s mission is to achieve this goal for clients and we are currently helping nearly 4,000 organisations, across Ireland and the UK, to achieve this target. This is not some recently discovered secret but is a genuine business strategy which contributes directly to the profitability of companies. Consider the possibility that if you are not availing of this, then your competitors might be.

Outsourcing

Of course everyone has heard of outsourcing and many companies may have already introduced some element of this. Auditel offers the opportunity to outsource management of non-core cost areas. This allows organisations to focus more on primary revenue generating opportunities without having to devote time on non-productive cost management. Consider the following example of how you can earn more and work less.

Outsourcing example

A company spends €50,000 on a mobile phone fleet p.a. When Auditel reviews a spend in this area, we usually achieve savings of about 30%. This is achieved through competitive tendering, usage analysis, bundle management etc. This can be a time-consuming process for many companies and does not usually receive the required focus on a regular basis. By allowing Auditel to manage the process in this example, the annual spend would decrease to €35,000, a saving of €15,000 and more importantly a reduction in staff time previously spent managing this cost. Using our contingency fee model, the savings are shared equally and €7,500 goes straight to the company’s profit. Hey Presto….Work less and earn more.

Cost Areas

Auditel have proven success with many non-core costs. Energy and communications are specialist subjects for us but we also analyse many other areas as can be seen on our website. If a company has a non-core cost spend of €100,000 p.a., then we would target an annual saving of at least €20,000. Over a three year period, this would yield an increase in profit of €30,000 and allow staff time to be focused on more productive areas.

Now the really Good News

As mentioned, we can work on a contingency basis. This allows clients to use our service on a “no risk” basis. If we don’t achieve savings, then out service will not cost a cent.

Next Step

Companies will be receiving energy bills this month (October) with significant increases in charges. Contact us today and we can work with you to reduce this ever-increasing cost.

Concerned about Energy Costs? You Should Be

Escalating energy costs have become a major headache for Irish companies of all sizes. Over 60% of electricity is generated by natural gas sourced from the U.K. and the weakening Euro has elevating the cost of electricity production in Ireland over the recent years. The rising cost of capital has also forced increased transmission and distribution costs on the market (expect another 7% increase in October). In a market place where inflation is running at an all time low, such a rise in a non-core cost eats directly in to bottom line profitability.

How can Finance teams combat this rising cost?
By actively managing both energy unit cost and consumption, organisations place themselves in the best possible position to minimise this cost factor.

Sounds easy? Maybe not.
Within Irish organisations today, in-house resources for managing non-core costs have become increasingly stretched. To become familiar with the market players and the industry terminology used is time-consuming and ultimately distracts from essential core activities. Deciphering “DUOS” charges, “TUOS” charges, “SEMO” charges, Capacity charges, Multi-tariff rates, etc. etc. is a minefield and requires expertise not normally found in finance departments. Comparing rates from competing suppliers has become increasingly complicated and selecting the “best deal” requires in-depth analysis.

So what is the solution?
By outsourcing the management of energy cost, the following benefits will arise.

  • Ensures lowest possible cost for energy purchase
  • Ensures strategic management of energy consumption
  • Releases in-house resources to concentrate on core activities
  • Allows peace of mind, in the knowledge that this cost is being actively managed by experts

Sounds great, but what is the cost?
Auditel can provide this service on a contingency basis with no direct cost to the client. Payment is made through shared savings with no upfront fees. We can take over management of your energy costs today and your organisations bottom line can improve immediately. If there are no savings, then there is no cost. So the question instead of being “Why?” becomes “Why not?”

Creating Sustainable Cost Management Through Outsourcing

In September 2010, Financial Director magazine stated: “Waxing lyrical on building an economic recovery is all very well, but there is a growing belief that 2013 will be the year a second recession kicks in. Which is why cost cutting is not about to go away, a well-worn topic though it is.”

Now this situation is even more pressing.

The recent study of 750 small businesses by the Centre for Economic and Business Research (CEBR) reveals that 78% of small business owners identify rising costs as the most significant threat to their company this year. More than two thirds of firms have seen their profit margins hit by increasing costs over the past three years.

However, KPMG, in their authoritative global survey conducted by the Economic Intelligence Unit, report: “Businesses are under constant pressure to reduce costs, yet many find it hard to do so in a sustainable fashion”. The survey included interviews with senior executives in a cross-section of industries and large, midsize and smaller organizations and experts in the field of cost management. It revealed that 9 out of 10 companies are potentially missing out on major opportunities to boost profits.

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Businesses can save up to 80% on their energy bills

Auditel, the UK and Ireland’s premier cost management consultancy, generate savings for organisations over an enormous range of business expenditure. Last month, they added yet another opportunity to reduce both cost and energy – LED lamps.

The quality and performance of LED replacement lamps has come a long way in the last few years. Their hugely improved light quality and low energy consumption means that businesses can save up to 80% on their energy bills by installing LED lamps in place of their existing halogen or incandescent bulbs.

ENERGY SAVING
In the face of ever-increasing energy costs, companies are searching for ways to save energy. Increasing insulation, upgrading boilers and self-generating power can be expensive and disruptive to the business, often with a slow return on investment. Simply replacing existing lamps with LED is fast, easy and highly effective. For example, a typical halogen spotlight that uses 35W of energy can be replaced by a 6W LED, leading to energy and cost savings of an impressive 80%.

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Could you use a little help to make even more savings?

In conversation with one of our consultants today, he casually mentioned that he’s just realised savings of 56% on stationery and office consumables expenditure for a PLC client. As with many of our larger clients, this was a business cost area they were pretty confident they had under control but agreed to let our chap have a look at anyway. After all, his detailed audit, analysis, tendering of the market and recommendations report wouldn’t cost them a penny upfront so they had nothing to lose.

Needless to say they’re very impressed and looking forward to more savings in other business cost areas also under review.