How to reduce your general expenses?

Some € 110,000: the amount saved by BSB on general expenses following the intervention of the consulting firm Bridgewater. A result more than respectable for this growing SMEs that had never really taken the time to explore the potential in this area, but which is perfectly applicable to larger accounts...

Founded in July 2009, Bridgewater consulting advises companies how to make savings on their general expenses - an accounting perspective, everything that goes into the "61 Account" for all companies over fifty employees. " As we work on a ’no cure, no pay’ basis, we need a certain volume, " explains Florent Hainaut, co-founder of this young company. The customers are very diversified and the company even counts some large accounts. " We would expect that they have purchasing departments able to manage the expenses. But this is not always the case: we can still achieve results that can be very important "

With the crisis, cost reduction has been on the agenda of almost every business. Good for Bridgewater? Not necessarily. " Many companies have embarked on steps to reduce costs and now believe to have reached the maximum on their own, he says. But if you look closer, you must still have a lot of potential for additional economies. In most cases, we can still save 15 to 20% more. "

At BSB, a publisher of financial software and IT service provider based in Louvain-la-Neuve, the willingness to work on costs was also marked with the crisis, but without making it an obsession. " We decided to do this for prudence, rather than by any need , says Miguel Danckers, CFO of BSB. The year 2009 was difficult for the entire sector. At that time, it was difficult to identify signals for 2010. Without being a problematic situation - sales finally increased by 29% last year - we thought it was interesting to look at our costs, what we did not pay enough attention until now. "

Read the full article:

CFO Magazine - Juin 2011

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