The world’s leading franchise in cost and supply management and winner of the Global Franchise Awards' “Best White Collar Franchise” of 2018 & 2019
Business & Professional Services, Business, Communications
About Expense Reduction Analysts
Expense Reduction Analysts (ERA) is a supply chain and cost management business consultancy providing strategic and practical advice for organisations. Joining the ERA network as a franchisee offers individuals the opportunity to run their own home-based, business-to-business consultancy.
The company has 650-plus franchisees in more than 35 countries and has been training franchisees for 25 years. Collectively, ERA franchisees enable businesses and other organisations to save money and boost their performance, using effective procurement and improved supplier management to promote smarter spending habits.
ERA currently has a network of 120 franchise partners in the UK; all are professional consultants with executive skills and experience gained during long careers at senior level.
They use their expertise combined with ERA’s business model to provide advice to businesses on how to manage their suppliers, increase profitability and boost market visibility.
To put it simply, Expense Reduction Analysts save its clients money, sometimes hundreds of thousands of pounds, while adding value through its own insight. Franchise Partners often become trusted advisers to organisations, giving strategic advice, helping maximise savings and keeping prices low. The company also works closely with client stakeholders delivering additional value to internal teams and often streamlining business processes.
Expense Reduction Analysts consultants:
• Offer professional and strategic business advice.
• Minimise costs without compromising standards.
• Improve internal processes.
• Manage supplier relationships.
• Benchmark prices.
• Conduct tendering exercises.
• Identify and integrate new suppliers.
How does the ERA franchise model work?
Expense Reduction Analysts seeks ambitious, determined individuals to join its business consultancy network in the role of franchise partners.
Committed individuals go on after training to win new business, manage existing business and deliver project work and reports, often forming relationships with clients that last for a number of years.
Client managers, in the main, tend to spend their time with sales and marketing activities such as managing telemarketers and marketing campaigns, attending client and prospect meetings, and trying to win new business and develop existing accounts.
Project specialists meanwhile spend a lot of their time analysing data, writing reports and meeting client stakeholders.
The Expense Reduction Analysts franchise business model attracts people from many walks of life - from teaching to the armed forces, from salespeople to managing directors, and from the sectors of finance, retail and manufacturing.
New franchise partners are initially trained to be all-rounders, or ‘generalists’, so they can build a sustainable business by winning and managing their own clients and doing their own simple projects.
For enthusiastic individuals the job is interesting, challenging and offers the opportunity to meet a wide variety of interesting people from all over the world.
What locations or territories is Expense Reduction Analysts looking to operate in?
Expense Reduction Analysts is not a territory-based franchise. Franchisees have the opportunity to prospect anywhere in the UK, while also working with the European and worldwide network, too.
This gives a flexibility not found in the majority of franchise networks, with someone living in Scotland equally able to work with businesses down south as someone living in London, making it fair for business-minded individuals wherever they are based.
Why is Expense Reduction Analysts a good investment?
• Business consultants are unsurprisingly in demand to generate sustainable savings for businesses, schools and charities.
• Expense Reduction Analysts has won or been a finalist in well over 20 awards in the past five years including winner of ‘Best Business Franchise’ at the Global Franchise Awards 2018 and 2019.
• The Expense Reduction Analysts UK franchise opportunity attracts high calibre professionals, often from senior management positions, across a range of industries, and is regarded as a franchise business with true integrity.
The goal of the company is to help organisations find value through the insight of their franchisees, save money and find extra profit by reducing everyday business expenditures without affecting quality or service.
A network of business sector specialists build long-term relationships with medium to large enterprises, delivering objective analysis, informed market expertise and continued financial benefits.
The franchise offers a professional, ethical and profitable route to becoming your own boss, with the support of a global brand. As an entrepreneurial franchise owner, you have the opportunity to build your own practice within the ERA network and become a fully trained cost management consultant with the ability to win new accounts, increase potential earnings, and deliver valuable savings to a diverse client base.
What sets Expense Reduction Analysts apart is its franchisees success record.
Where in the UK is the franchise based?
Expense Reduction Analysts headquarters are in West Malling, Kent.
What support and training do franchisees receive?
ERA franchisees can expect ongoing and extensive support from day one, provided by an international team of over 60 full-time staff members based in our European, American and Australian support centers, and speaking over 18 different languages. In addition, almost 50 Area Directors provide local support to franchisees and help to develop the business in their respective territories.
Marketing: ERA’s international marketing team has developed global strategies and initiatives designed to help franchisees grow their businesses with improved levels of profitability. ERA wants to ensure a solid and well-matched strategy is implemented, giving the brand the credibility of a global leader in cost and supply management while also providing the franchisees with a reactive, ‘agency’ style support where they can call on ERA for urgent help, training or simply advice.
Information Technology: A Global IT Support Centre assists the network of franchisees by providing round-the-clock support in areas crucial to the everyday running of their businesses. ERA’s ‘Infoflow’ IT strategy is designed specifically to help provide added value to clients and additional efficiency for franchisees. ERA’s integrated IT ecosystem includes prospecting databases, integrated marketing system, business development system, Microsoft Dynamics and access to all Microsoft 365 programs.
ERA’s 18-Month Start-Up Program: ERA’s unique 18-month Start-Up Program is designed to equip our franchisees with all the knowledge and confidence they need to successfully launch and run their own business. Upon the completion of the initial Basic Training, new franchisees are ready to begin their journey with ERA and will work closely with the ERA Academy, their local regional representatives, their ERA Coordinator and their Business Guides to achieve the quickest possible start in their businesses.
What are the franchise terms of agreement and renewal?
Expense Reduction Analysts offers a 10-year franchise agreement with the right to renew for a further term; there is no renewal fee.
Some of the most successful franchise partners focus on becoming either project specialists or business development managers, so a background in sales is an advantage.
How in demand are business consultancy services right now?
According to research from consultancy.org, the UK business and management consulting market is worth more than £80bn. The statistics suggest that the market can expect to expand to a size of £87bn in 2019.
How can I get started on setting up my own business?
Following an initial call, discovery days are a great way to make considered comparisons before you commit.
As with any franchise, it’s always a good idea to do your own research before making any big decisions. If you would like to take your enquiry further, Expense Reduction Analysts will help you with a full due diligence programme, along with bank support for those who need funding.
Expense Reduction Analysts will then open up its network of franchisees for you to speak with for validation before you sign a franchise agreement.
To find out more or to request further information on franchising with Expense Reduction Analysts, click the ‘Send Enquiry’ button now.
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