Profit improvement impacts a variety of factors within an organization. Cost control is one aspect of this process. Here are some of the areas in which Brown Smith Wallace has the expertise to help you negotiate fees and control your costs:
Retirement Plan Fee Analysis
Have you reviewed the total cost of your retirement benefit plan? If you have utilized the same vendor for more than four years, you are probably paying too much. A retirement plan fee analysis involves a comprehensive assessment where we look for cost savings and alternative payment methods.
Budgeting, Planning and Forecasting
Too often businesses view budgeting as a once-a-year financial process. We can help you make budgeting, planning and forecasting part of an ongoing, dynamic performance management process.
We evaluate your current resources and create an accounting structure and budget. This information will help you maximize the utilization of your assets and create a scorecard by which you can measure performance against your business plan.
Business Health CheckupTM
To help companies with profit improvement, Brown Smith Wallace has developed the Business Health CheckupTM. Our tool provides companies with an assessment that identifies opportunities for cost control and reduction, process improvement, tax and estate planning, along with financial analysis and structuring. From this assessment, we can help you develop a step-by-step action plan that can be the foundation of your company’s long-term success and enable the business to effectively move forward, even in a challenging economic environment.
Companies need a clear understanding of their most significant vendor relationships and any leases. It is not uncommon for companies to receive charges inconsistent with the terms of their agreements. In addition, management is often unaware of incentives and other contract terms beneficial to the company.
An audit of your company’s most significant contracts is appropriate when you suspect there are opportunities to improve pricing or key terms. It will help you identify areas where you are making inappropriate payments that are not in compliance with the contract.