ExMa  ExMA Report

Volume 1 Issue 1

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 Welcome to THE ExMA REPORT

The ExMA Report and ExpenseManagement.ca is all about providing information to companies to assist them to reduce business costs, control costs and lower their business risk. Whether you're a large company or an entrepreneur, we can provide you with some new ideas for your internal follow through or introduce you to a category expert.

Over the years, it has become abundantly clear that most companies are not aware of the vast majority of products, services and strategies that can positively impact their bottom line.

Our mandate is to create awareness and educate business across Canada through articles, information and events provided by industry and category experts. We provide a single source for information representing many industries, category spends and experts from all over Canada.

All areas of responsibility in a company spend money, so whether you are in finance, procurement, operations, sales, marketing, I.T., H.R., or an entrepreneur, ExMA can provide information or introduce you to an Expert that can help you to reduce, control or avoid certain costs all together.

Expense management comes in many forms such as process improvement, cost reduction, cost avoidance, negotiation, internal initiatives, negotiation, consulting, outsourcing, products, devices or applications that reduce time and money, etc. In a nutshell, expense management is anything that your company spends money on that you would like to reduce, control or avoid. Enjoy!

Only 15% of eligible companies take advantage of SR&ED programs!

Canada's Scientific Research and Experimental Development (or "SR&ED") tax credit program provides generous incentives for companies which conduct scientific research and development. OVER 40% OF YOUR MONEY CAN BE REFUNDED!

SR&ED is, without question, the best government program available to support research and development in Canada. Interestingly, very few companies know of its existence, or know how to go about the claim process. Read the full article here.

Managing Cellular Costs:

Woman on cell phone

 Minimizing Roaming Charges

rHow To Keep your Roaming Fees Less Than Your Airfare!  When traveling in the US, cellular phones make it easy to  keep in touch. But without some planning, your roaming bill  can be a nasty surprise on your return. Read the full article.

How to cost effectively double your Client Base

Imagine having access to a marketing strategy so powerful, it could add tens of thousands of dollars to your bottom line overnight ...but few people ever do it because it seems too simple! In my experience, logic and simplicity are disarmingly powerful simply for that reason. Few people recognize their power. Read the full article.

Cut Costs and Improve Customer Service via "Self-Serve" applications

Picture the following common scenario: a customer needs to make an inquiry about her account, or wants to make a small change to her service she is receiving. She calls the company's Customer Service number, spends several minutes going through various voice-prompts entering (and re-entering) account information, then finally speaks to the right person to get the information desired of make the change.

In the above scenario, why not empower the customer to do the inquiry or make the account changes herself? Read the full article.

Be a Business?

Woman at whiteboard

Become a business. A business is an activity having a reasonable expectation of making a profit. If you are engaged in activities designed to earn money, then you are abusiness. You do not have to be registered to be a  business; you just have to be doing the things that  businesses do. Read the full article.

 

Employee Turnover Cost Calculator

How would reducing the turnover positively impact your bottom line? Use this calculator to easily determine turnover costs.