The Kreller Group Data Expense Reduction
- 1. THE KRELLER GROUP Credit Data Expense Reduction
- 2. The Kreller Group—Data Expense Reduction THE KRELLER GROUP is in the business of assisting clients in reducing the cost associated with consumer credit information systems. Our objective is to work in cooperation with you to reduce your credit information costs while maintaining the high level of credit information needed for decision-making without impacting risk or your relationship with your information provider (s). Our consultation process is tailored to suit the individual requirements of the client, and our fee is earned on a contingency basis only. THE KRELLER GROUP is so confident in our ability to reduce your expenditures that we assume all risk. Because we work on a contingency fee basis, there is no cost to allow us to take the necessary steps to provide cost savings recommendations. On average, clients can anticipate a 20% to 40% reduction in their consumer credit reporting expenditures after implementation of recommendations. In fact, our clients are never obligated to pay us unless savings are actually realized as a result of our involvement. These savings will be clearly delineated as realized. To go one step further, our clients are never under any obligation to implement any of our recommendations. To that affect, you, as the client, have total control over the consultation. Realize, in engaging the services of THE KRELLER GROUP, your company: 1. Is under no obligation to utilize the recommendations presented. 2. Dictates the scope of THE KRELLER GROUP’S cost savings efforts. 3. Pays only a percentage of savings after realizing those savings. 4. Keeps 100% of all savings after the 1st year. 5. Reduces expenditures on services that, on average, increase annually. Why The Kreller Group We bring to the table over 100 years of combined industry knowledge and the experience of working with thousands of companies both domestically and internationally. We have provided our clients over $250 million in realized savings. The Kreller Group is a unique company in that no other company has the knowledge and experience in this specific field.
- 3. The Kreller Group—Data Expense Reduction Our Process The following are the steps as well as a basic timeline involved in a consultation. 1. Analysis of Current Expenditures – This requires us to do analysis on your current bills from the relevant credit information providers. This also creates a benchmark by which we can calculate future savings. TIME: Analysis is done on or off site, and is generally completed within a week of receiving the data. 2. Presentation of Initial Findings – Based on our initial analysis we can provide an anticipated percentage of savings that THE KRELLER GROUP can impact on a yearly basis. TIME: This is done after completion of Analysis of Current Expenditures, in person or by conference call. 3. Fact Finding Interviews – These are conducted with the contract administrators and primary users of the services, and insure that the recommendations fit the specific needs of the end users. TIME: The time needed per person interviewed is typically 10 to 15 minutes maximum. The interviews are an integral part of the consultation and begin based on your employees’ availability. They can be done on site or off site via conference call. 4. Benchmark Agreement – Prior to presentation of recommendations, THE KRELLER GROUP and client agree upon the current per-inquiry, or per product, cost of products utilized. This is to ensure accurate measurement of monthly savings once recommendations are implemented. TIME: The Benchmark Agreement is a statement of current findings and requires minimal time to present. 5. Presentation of Recommendations – Presentation of the necessary steps toward overall cost reduction. TIME: Presentation typically occurs the day after the final interview and lasts approximately 1 to 1 ½ hours. The participants consist of the employees you feel can bring value in evaluation of the recommendations. 6. Written Recommendations – Detailed steps toward achieving cost reductions presented as a written proposal. TIME: You will receive the Written Recommendations within two days of the Presentation of Recommendations.
- 4. The Kreller Group—Data Expense Reduction 7. Implementation of Recommendations – After approval of all, or a select number, of the recommendations by the client, the client chooses how the recommendations are implemented (by THE KRELLER GROUP, by client or together). TIME: Time for implementation is based on time of acceptance, and varies per recommendation. Some recommendations can be implemented immediately, while others may take more time. 8. Seminars/Training – When necessary, educational seminars are conducted with end users after recommendation approval. TIME: These, when necessary, are conducted based on employee availability. 9. Monthly Tracking Reports – Reports are prepared and delivered to those involved, in order to measure the performance of recommendations on a monthly basis. TIME: Tracking is done on a monthly basis. All report generation work being done by THE KRELLER GROUP off site. 10. Invoice Generation – Tracking reports are also utilized to generate THE KRELLER GROUP invoices by measuring the difference between the Benchmark Agreement cost and the reduced per inquiry, or per product, cost. TIME: THE KRELLER GROUP invoices are generated utilizing the summarized invoices from the various credit vendors. Therefore, all Kreller Group invoices are based on savings already realized.
- 5. The Kreller Group—Data Expense Reduction Compensation The Kreller Group is compensated only off of a portion of your realized savings. WE DON’T EARN A FEE IF YOU DON’T SAVE. Because of our contingency based fee structure we can never negatively affect your bottom line. The Kreller Group earns a portion of your realized savings for one year only. This means that you start saving money before The Kreller Group sends its first invoice. Savings is based off the agreed upon benchmark that will be determined midway through the consultation process. What we do: Save our clients on average 30% Provide recommendations above and beyond what you are doing. Only earn a portion of savings for one year. Bring industry expertise, therefore significantly improving internal efforts. Work closely with procurement to insure save maximization. What we don’t do: Negatively impact your bottom line Jeopardize your relationship with your current vendor Get paid for ideas which aren’t ours Add risk Force solutions
- 6. The Kreller Group—Data Expense Reduction SAMPLING OF CLIENTS Royal Bank of Canada Sallie Mae Alcoa Alltel Boeing Comerica Bank Jones Day Manulife Marlin Leasing National City Bank OneBeacon Sonoco Products Thermo Fisher Scientific Toyota Financial Services US Bank US Postal Service This is just a sampling of over 5,000 satisfied customers!
- 7. The Kreller Group—Data Expense Reduction VENDORS WE CAN POTENTIALLY IMPACT DUN & BRADSTREET EQUIFAX EXPERIAN TRANSUNION CHOICEPOINT LEXISNEXIS CBC INNOVIS CSC CREDIT SERVICES CREDIT PLUS KROLL FACTUAL DATA FIRST AMERICAN CREDCO ACCURINT AXCIOM eFUNDS TELECHECK INSIGHT AMERICA REAL EDA TALX Please inquire about any data vendor not mentioned on this list. We’ve been successful in helping clients achieve spend reductions with multiple vendors associated with credit, collections and background screening.