This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

How Auditel Balances The Books For Schools And Colleges

LONDON, April 29, 2013 /PRNewswire/ --

The Guardian headlined recently, ' Balancing the books. In coming years state school finances will be affected by funding changes, the end of a staff pay freeze and a rise in the pupil premium.  With the economy continuing to flatline and the government struggling to control a growing national deficit, these are tough times for schools.'

The same is true for the independent sector. The Telegraph reported: 'Everywhere, efforts are being made to keep costs down to make schools as attractive as possible. Some have gone so far as to advertise discounted fees.'

Chris Allison is Managing Director of Auditel, the UK and Ireland's leading independent cost management consultancy. He explains: 'For schools and colleges, managing costs is an uphill task without dedicated, professional help. These can be as diverse as utilities, catering and stationery, let alone finding the time to keep on top of contract renewals and seek out innovative cost management solutions.'

Since 1994, Auditel has built a reputation for delivering ethical and sustainable solutions for the educational sector through their Total Cost of Purchase®. This approach is now widely regarded as the most effective approach to cost management and Auditel regularly delivers results that not only meet, but exceed clients' expectations.

Allison says that all educational establishments can be helped. He provides examples of savings for a pre-school day care provider, a secondary school and a college.

Pre-school day care:

Established in 1983, Busy Bees are the UK's largest provider of pre-school daycare, offering more than 11,500 children's nursery places in 129 unique locations nationwide. Their FD, although sceptical about the Auditel proposition, agreed a trial project to review water charges across all the sites. Over a six-month period, Auditel were able to recoup over £45,000 worth of rebates and identified ongoing annual savings in excess of £14,000.

As a result of this exercise, Auditel were invited to investigate the existing contracts with their telephone supplier and a shorter 2-year agreement was negotiated to deliver a common end date. The annual additional saving is estimated at £18,000.

1 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Try it NOW
Only $9.95
Try it NOW
14-Days Free
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG

Markets

DOW 17,712.66 +34.43 0.19%
S&P 500 2,061.02 +4.87 0.24%
NASDAQ 4,891.2190 +27.8570 0.57%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs