EXPENSE REDUCTION ANALYSTS AUSTRALIA

Telstra Stadium, the site of the 2000 Olympics in Sydney, Australia, has asked ERA to reduce a wide range of its general overhead costs. Clients Steve Heytman and Mark Pitman of Telstra Stadium initially asked ERA to assess the costeffectiveness of their merchant card arrangements. ERA Associate Jeremy Gimson took the business to market and quickly generated savings of around 40 per cent with no change of bank and reduced merchant card fees.

"We were delighted with the result that ERA achieved," says Steve Heytman, Telstra Stadium General Manager Finance. "The work was carried out at the busiest time of the year for us and we were not able to provide any resource. ERA operated very effectively and achieved an outstanding result for us."

"We were very keen to see how ERA operated and we used the merchant card fees as a test," says Mark Pitman, Financial Controller, Telstra Stadium. "We were pleasantly surprised at the results and we have asked ERA to look at several other categories."

ERA is now investigating savings in areas such as office products, couriers, printing, postage and cleaning materials.

"ERA is an expert in this area," adds Steve Heytman. "We are looking to them to get some big savings for us quickly. Given their performance so far we have every confidence in them."
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