Background
Our company has developed a method that focuses on looking at ways to make savings within a company.
In 2015, one of our clients, a non-profit organization, dedicated to the provision of accommodation services, gym facilities, social events, restaurants and sports events, among other things, hired us to evaluate some indicators determining the possible existence of opportunities for a positive impact on their cash flow.
Issue
As a result of the evaluation, weaknesses were detected in the processes of acquisition of goods and services and in the decentralisation of purchases performed without the existence of policies defining the criteria for the acquisition of goods and services. Together with GIA Integral Supply Management, we devised a plan to achieve early success with measures impacting cash flow, and a parallel plan to integrate the methodology into the client’s organizational culture and build the supply management platform that would allow flow with transparency under policies defined by senior management. The negotiation model achieved savings within the region of 11% of the total of purchases made. This percentage was used as the basis for determination of the cost of the consultancy service provided. CurrentlyCurrently, our client is reaping the benefit of savings achieved by applying our methodology and by making improvements to its technological platform.
Author
Rodrigo Moreno Navarrete, Chief Executive Officer, ECOVIS Colombia SAS, Bogotá, Colombia
Ecovis is a leading global consulting firm with its origins in Continental Europe. It has over 5,000 people operating in over 60 countries. Its consulting focus and core competencies lie in the areas of tax consultation, accounting, auditing and legal advice.
The particular strength of Ecovis is the combination of personal advice at a local level with the general expertise of an international and interdisciplinary network of professionals. Every Ecovis office can rely on qualified specialists in the back offices as well as on the specific industrial or national know-how of all the Ecovis experts worldwide. This diversified expertise provides clients with effective support, especially in the fields of international transactions and investments – from preparation in the client’s home country to support in the target country.
In its consulting work Ecovis concentrates mainly on mid-sized firms. Both nationally and internationally, its one-stop-shop concept ensures all-round support in legal, fiscal, managerial and administrative issues.
The name Ecovis, a combination of the terms economy and vision, expresses both its international character and its focus on the future and growth.
www.ecovis.com
ECOVIS AG Steuerberatungsgesellschaft
Ernst-Reuter-Platz 10
10587 Berlin
Telefon: +49 89 5898-266
Telefax: +49 (30) 310008556
http://www.ecovis.com
ECOVIS AG Steuerberatungsgesellschaft*
Telefon: +49 (89) 5898-266
E-Mail: gudrun.bergdolt@ecovis.com
