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↓

https://gmg.me/663042

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