New Year's Resolution: "…Really Must Talk to Auditel About My Overheads This Year"

New Year's Resolution: "…Really MustNew Year's Resolution: "…Really Must Talk to Auditel About My Overheads This Year" PR Newswire LONDON, January 7, 2014 Chris Allison, Managing Director of Auditel, the UK's leading cost management consultancy, comments: "You'd be in very good company. According to Deloitte's third biennial cost survey 2013, 76% of respondents expect their company to reduce costs over the next 24 months. However, the survey also found that in 2012, the failure rate for cost initiatives climbed to 48%, meaning that nearly half of all initiatives fail to achieve their goals. "Our own recent survey with Management Today, suggests that the majority of organisations are focussed on simple cost cutting or cost reduction exercises. Effective cost management, on the other hand, requires software tools to monitor what is done effectively. Then there must be a process that gives management information to the decision-makers, both at the start and through the ongoing activity, when improvements have been put in place. Many companies lack this facility and an increasing number have decided to outsource for specialist knowledge." Over the past 20 years, Auditel has worked with more than 5,000 firms and has delivered greater returns than their in-house resources could achieve. Although energy and communications are usually top of the agenda, Allison says that more than 80 different business expenses are covered.