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No time like the present
Russell Seabrook, Director of ADR Audit, ADR International's audit recovery division, addresses the challenges that 2009 will bring.
What started off as the collapse of the American sub-prime mortgage market has escalated into full blown global financial turmoil. In 2008 the world watched as financial meltdown resulted in the collapse of Lehman Brothers and 22 other US Banks. The UK also fell victim to the crisis, Northern Rock, Bradford and Bingley and various other institutions having to be rescued by the Government. All sectors in the UK are now being affected including 11 airlines and 15 retail chains going into administration. The crash is gaining momentum leaving businesses with no alternative than to look at immediate cost cutting. The outlook for 2009 isn't any better with undoubtedly more big name casualties to come.
Early 2008 - ADR Audit met with Woolworths who were aware they should be looking at ways to recover cash and put in place sustainable savings, however their traditional values drove them forward on the same path they had taken for the past 100 years. Finally the writing was on the wall, it will be surely missed on the high street. Woolworths was a brand that represented honesty, tradition and value to all its customers. Innovate or die is a term often used by those who are selling the latest techno gadgets to companies to get them to understand the importance of changing habits...and to sell their products of course.
In the current situation we are seeing companies taking decisive action in order to survive the economic downturn. The survival instinct quite often brings out the best in us and so far we have seen consolidation, cost cutting and reduction in headcount, as a knee jerk reaction to the current climate.
Now to the best offer you will get in 2009 without any financial outlay... in times of economic uncertainty, a large sum of cash on a no recovery... no fee basis could be just the remedy you are looking for.
ADR Audit cannot solve the global financial crisis, but can reduce the impact it could have on your business. Through a quick, efficient yet full review of your companies last 5 years transactions to identify duplicate or over-payments. We use the best technology and audit personnel in the sector and ensure that overpaid funds are credited directly to your bank account. If your company has spent £1 billion over the last 5 years, we could recover in excess of £1million, which is 0.1% of your spend.
The saying 'no time like the present' has arguably never held so much relevance as it does in today's climate. By handing money back which is rightfully yours and working on a contingent-fee basis, quick cash can be found without the extra pressure of paying for services which could potentially put unwelcome strain on resources.
"The saying 'no time like the present' has arguably never held so much relevance as it does in today's climate. By handing money back which is rightfully yours and working on a contingent-fee basis, quick cash can be found without the extra pressure of paying for services which could potentially put unwelcome strain on resources."
