We are currently examining several areas of expense reduction to add to our revenue opportunities for our Franchisees, including:
1. Supplies – As a compliment to our Facilities Supplies cost category, we are finding opportunities in several related areas including Medical Supplies.
2. Document and Image Management – Any organization that has multiple printers and copiers has a difficult time staying on top of the ongoing costs of each image and the expenses associated with the supplies and equipment that produce these images.
3. Software Integration – Many businesses have software that integrates with their Merchant Services system for several purposes including inventory management, sales reporting, participant enrollment, accounting, and more. Costs of those software solutions can vary significantly and often the client does not realize they have options to obtain the same results, and there are less expensive choices.
4. Pest Control – The cost of traps, chemicals, and other pest control items can vary significantly, and clients do not understand their options in many cases.
5. Alarm Systems – The cost of alarm systems, both products and services, can vary significantly from vendor to vendor. We will help our clients make the best choices for their business.
While the costs in all of these categories might appear insignificant in terms of any one transaction, they can add up to a “death from a thousand cuts” for businesses. Our goal is to stop the bleeding for our clients.
As we examine future expense categories to add to our suite of offerings, we always have three overarching guidelines that we follow:
1) We will do it as masters or not at all
2) We will develop tools to analyze the category efficiently
3) We will not denigrate our brand
We think that these new cost categories will fit the bill and provide exciting opportunities for our clients and Franchisees!