Expense Reduction & Business Efficiency Audits for Businesses
Cummings Commercial Group has partnered with the national leader in expensive reduction audits to assist businesses in maximizing the cost efficiency of their operations. They provide audits in the following areas: Specialized Tax Savings (to include Cost Segregation), Expense Reduction, Workman’s Comp (an Expense Reduction Audit), Uniform & Linen. Cost savings can act as an income stream for businesses in this inflationary environment.
Expense Reduction
Our Expense Reduction service specializes in helping companies reduce operating expenses by saving companies money and time at no cost to the company. This service identifies and reduces operating expenses by auditing several different categories; Workers' Compensation premiums, cellular/wireless, credit card merchant processing fees, and utilities, such as, electricity, water/sewer, natural gas, trash removal and telecom, creates additional profits through the recovery of overcharges identified during the expense reduction audit process, protects and maintains existing vendor relationships.
Examples:
Franchise group
Combined savings of $2M
Savings identified in worker’s comp, wireless, utilities, and credit card
merchant processing
Quick Service Restaurant
Savings identified in credit card merchant processing and utilities
$300K in total savings
Workman’s Comp Audit
The benefits: high probability of recovering overcharges that have unknowingly been overpaid over the last several years; ensure that the client is not overpaying and that the insurance carriers have and are applying every possible method to reduce the client's costs; no cost! either the client receives a refund or the peace of mind in knowing that they have not overpaid; and receive an education! Allow us to share our expert knowledge of the workers' compensation system.
Case Studies:
Hospital - Industry: Healthcare; Reason: Experience Rating
Recovery: $126,000
Factory - Industry: Manufacturing; Reason: Class Code Reallocation
Recovery: $40,000
Messenger Service - Industry: Transportation; Reason: Auditing Error
Recovery: $54,000
Religious Charity - Industry: Nonprofit; Reason: Incorrect Class Code
Recovery: $73,000
Uniform & Linen Audit
Our Uniform & Linen Audit specializes in auditing laundry services programs such as uniforms, linens, and towels. With our proprietary technology and over 25 years in the industry, we are a niche player within a $19B industry. This program reduces laundry bills by 30-50% without changing provider, provides clients with a refund, rate savings, and ongoing rate protection.
Examples:
Medical Group utilizing our Uniform & Linen Audits
Combined Savings $400K
Large regional chain of auto dealerships utilizing our Uniform & Linen
Audits
Combined Savings $4M
Commercial Payments
Our Commercial Payments service automates companies’ Account Payables (AP), reduces AP operating expense and fraud, and generates revenue when paying suppliers.
Examples:
Healthcare Organization
Employees: 1500
Accounts Payable converted to Virtual Cards Payments: $264,000,000
Annual Rebate: $3,168,000
Real Estate Developer
Employees: 300
Accounts Payable converted to Virtual Cards Payments: $62,000,000
Annual Rebate: $744,000
Specialized Tax Savings
We have partnered with GMG, LLC, the national leader in Specialized Tax Incentives. Over 23 years, GMG has provided $37B in benefits to companies, with ZERO IRS disallowances. Our Specialized Tax Savings Tax Management System software and program sources hundreds of tax credits for companies. We also provide cost segregation to owners of commercial property.
Examples:
A Software IT company with 278 employees used our tax management system (TMS) for the Employee Retention Credit (ERC) and the Research & Development (R&D) tax incentives
ERC benefit to company $3,650,250
R&D benefit to company $600,000
Apartment complex owner utilizing the tax management system (TMS) implemented a Cost Segregation study for buildings and Employee Retention Credit (ERC) for their 30 employees
Cost Segregation benefit to company $6,765,589
ERC benefit to company $730,050
Employers, do your due diligence and check your ERC today↓
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