Cost Optimization in Banking & Financial Services, Insurance with ERA Group
From banking and investment services to insurance and corporate tax advice, commercial financial services are necessities for businesses of all sizes, across all industries.
However, the financial services that help your business run smoothly can be unique to the type of industry you are in and it can be a challenge to determine if you are getting the most out of the options available to your organization.
ERA helps clients keep expenses in check through a business banking comparison, reviewing various providers’ services and fees to evaluate savings opportunities.
Any project we undertake considers those three aspects as a matter of course. The various providers do not really publish meaningful prices and most services are effectively subject to bespoke negotiation.
Our team members are from financial management backgrounds – and have negotiated in executive and managerial roles for those very suppliers. So they know the opportunities, understand the options and have a detailed overview of the various markets.
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Cost Categories
Banking & Financial Services
Every business relies on business banking services for both day-to-day operations and development projects and with a wide selection of banks of all sizes, choosing the best bank for business accounts can be tricky.
Does your bank offer the dependable, supportive business bank account services you need?
Are bank fees competitively priced?
ERA Group helps clients keep expenses in check through business banking benchmark and the review of various providers’ services and fees to evaluate savings opportunities.
Insurance
Business insurance comes in all shapes and sizes to provide protection coverage to property, equipment, operations, and staff.
As a financial arrangement to reduce risks, insurance costs can vary widely, depending on the provider and the type of coverage.
ERA Group consultants evaluate clients’ business insurance expenses, examining services and insurance premium costs leading to cost-savings recommendations.
Merchant Card Fees
Businesses that accept credit or debit card transactions pay merchant credit card processing fees to credit card processing companies.
The charges differ depending on the merchant services company providing the service.
ERA Group shows organizations how to reduce these costs, completing merchant services reviews and analyzing clients’ credit card merchant services expenses to discover cost-savings solutions.
