|By PR Newswire||
|February 26, 2014 12:00 AM EST||
COSTA MESA, Calif., Feb. 26, 2014 /PRNewswire/ -- Profit Recovery Partners (PRP) LLC today announced that it has surpassed $2.3 billion in cumulative client savings since the Company's inception in 1997.
As companies continue to look for more strategic ways to manage costs, they have embraced PRP's unique approach, which provides insight into the entire procurement process.
"Companies are under increasing economic pressure as they struggle to meet the requirements of the Affordable Care Act, adhere to strict new compliance and accounting principles, and invest in technology to maintain an advantage over new disruptive competitors," said Don Steiner, president of PRP. "The thorough review and detailed reporting that PRP provides can help our clients unlock significant savings to offset these added expenses."
PRP begins with a no-risk Comprehensive Review™ of its clients' vendor contracts, labor resources and competitive benchmarking. The company's analysts then assess the potential savings by performing a thorough review of invoices and detailed reporting on spending in each expense area. If necessary, PRP negotiates better pricing on their clients' behalf and conducts quarterly reviews to ensure that savings are maintained.
Having completed more than 1,000 client engagements, PRP has acquired knowledge and resources to help companies maximize savings in a number of expense areas, including office supplies and equipment, telecommunication services, shipping, personnel services, and many other back-office functions.
About Profit Recovery Partners, LLC
Profit Recovery Partners, LLC (PRP) is a professional services firm that develops, implements and manages cost-reduction solutions for FORTUNE 1000 companies, law firms, private equity firms and private companies throughout North America. Its years of industry-direct experience and more than $1 billion in annual managed spend, as well as its program for ongoing support and verification, drive PRP's continued commitment to award-winning service. PRP's spend management, supplier management and procurement strategies have resulted in more than $2.3 billion in client savings. For more information, visit www.prpllc.com, call 877-484-7776 or follow on Twitter at www.twitter.com/prpllc.
SOURCE Profit Recovery Partners, LLC