Cost Reduction and Expense Management

At F2X we deliver genuine, sustainable bottom line savings through the implementation of practical cost reduction programmes tailored to suit your business.

To fund a business improvement initiative or reduce company expenditure, F2X works with you to secure rapid savings through spend analysis, expense rationalisation and supplier contract renegotiation for IT, telecommunications, facilities, utilities and general expenditure, as well as reducing costs through internal process improvement projects.

With challenging targets to meet and customer needs a priority, there is usually insufficient time or expertise to review and extract savings from third party spend. At F2X we offer a service which simplifies what is often a complex and disjointed landscape of multiple suppliers and associated costs incurred in different parts of your company. By systematically analysing and interrogating spend levels against standard benchmarks we are able to provide a rapid assessment of cost reduction opportunities across areas such as:

• Value for money based reviews of IT functions and expenses:
  • Organisational sizing versus industry standards
  • Outsourced services
  • Hardware, software and licenses
  • Hosting and data centres
  • Data networks
  • Telecommunications
  • Printing and Photocopying

• Business functions and processes including:
  • Third party contracted services
  • Logistics
  • Travel and related expenses

At F2X our methodology ensures that we deliver value to our clients in as simple and effective a way as possible.  Our hallmark is transparency, exposing and presenting cost saving opportunities in a clear concise manner allowing for rapid decision making and business case preparation against solid data.
Our experience to date demonstrates that working within a framework which creates mutual incentives between the client and F2X is the most productive way to deliver results. For this reason we will often work with our client on a risk/reward basis which reduces or eliminates upfront costs of analysis and assessment with our fees being paid from secured savings.

Two of the most effective areas where F2X has been delivering significant cost savings using the risk/reward approach is in the reduction of telephony and IT services spend. These areas are typically characterised by large, multi year commercial arrangements, involving hundreds of thousands of pounds spend. Working closely with each client F2X has analysed spend habits and identified trends, benchmarked costs against expected levels and rationalised and renegotiated contracts to secure bottom line savings. F2X also works with clients to ensure those savings are both maximised and sustained.

For a number of our clients, using our expertise of the competitive sourcing market, F2X has worked solely on sourcing strategies to select the most optimal supplier from a cost and service basis and for other clients, we have carried out internal process reviews to achieve cost savings.