Last Updated on July 22, 2012 by DeanR
Alliance Cost Containment Franchise
Alliance Cost Containment is a franchise for a company that helps businesses and organizations save on their costs. It was founded in 1992 to answer the needs of businesses to lessen their indirect operating expenses and heighten their profitability without having to sacrifice the quality of their products and customer services.
They have formulated a proven process in lessening expenditures in indirect expense. They have Subject Matter Experts in every aspect and they are not available to the mid-market. They pride themselves of proven systems that they don’t ask a business to pay them unless they have already shown the savings that they have produced for them. Their headquarters is in Louisville, Kentucky and they currently have more than 30 offices nationwide and in Mexico. They have operated on businesses in over 25 different industries.
How do they do that and what process do they go through?
First step is the Preliminary Savings Estimate. They will conduct a free and confidential review of your expenses. Alliance Cost Containment will then ategorize your indirect operating expenses then give you proximity on how much you’d be able to save. Second step is the Scope of Work. Once they have identified the scope of suppliers and expenses, you will be asked to sign a “Letter of Engagement” and they will be starting the cost reduction process. Third step is the Expense History Review. They will be getting the detailed historical expense data from the suppliers in the scope. They will be doing a manual review of old invoices and will need to know from you the specifications you asked from them. Fourth step is the Supplier Negotiations. They have a team of Subject Matter Experts and cost containment professionals who will go through a negotiation process with each supplier in the scope. They are experts on maximizing your savings from each supplier. Fifth step is Implementation. When they are done negotiating, they will present you a detailed list of recommendations. They would only proceed with implementations that you have approved. If in case there will be new suppliers, they will help in the transition to make sure that things are done smoothly. Sixth step is the Audit. They will monitor and track the suppliers to ensure that that they are complying with the negotiations that they have set. They will be giving you a monthly or quarterly report on the savings that you’ll be making.
Costs and Requirements Associated with Running an Alliance Cost Containment Franchise
You need to have a total liquid asset of at least $50,000. Expect to be investing about $48,000 to $65,500. Franchise fee is $34,500 with an on-going royalty fee of 9%. This is for a renewable 5 year term agreement. This company can be run from home and it is preferred that you have executive presentation skills.
What’s included in the franchise package?
There will be 3-4 days training at the Alliance Cost Containment headquarters and 3 days annually at a conference. Parts of the on-going support are the newsletters, meetings, toll free phone numbers, internet, and access to purchasing cooperatives. For marketing, there would be ad slicks.
Contact Details
You May Reach Them At:
Address: 222 S. First St., #301 Louisville, Kentucky 40202
Phone: (502)635-3208