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Mail Savings Opportunities Adam Lewenberg President

Mail Savings Opportunities · 2013. 10. 28. · How Postal Advocate Inc. can help reduce mailing costs at ABC Inc. Mail Savings • Equipment - Up to 70% savings (W ithout changing

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  • Name (18pt)Title (14pt)

    Mail Savings OpportunitiesAdam LewenbergPresident

  • How Postal Advocate Inc. can help reducemailing costs at ABC Inc.

    Mail Savings• Equipment - Up to 70% savings (Without changing suppliers)• Avoidable Fees – Streamline billing and eliminate thousands in fees.• Vendor Overcharges – To make sure you are getting the discounts you deserve.• Postage Recovery - From orphaned postage accounts and closed locations.

    Visibility and Oversight - By the Most Experienced Firm in the Industry.• Over 140 Years of Mail Experience - With the largest vendors and customers.• Hand Selected Team - The best account managers, procurement directors, billing analysts

    and systems creators working on your behalf.• The Only Web Based Tools Available - To make managing spend easy.

    Process Simplification – Minimal change or involvement requiredRisk Free – Only share in a small percentage of any documented savings.

    October 28, 2013 2

  • Why is it so difficult to manage mailthroughout the enterprise?

    • Limited Visibility– Confusing Invoices– Too Many Account Numbers (Up to 4 per location)– Multiple Items to Pay For (Postage, Lease, Meter, Maintenance, Rate Changes, Supplies etc.)– Minimal Reporting Available LEADS TO: Late Charges and Fees

    • Disorganized Sales Process– Multiple Vendors, Sales People and Channels– No Online Procurement Options LEADS TO: Different Rates Paid By Office and Being Oversold

    • Postage Leakage– Limited Expertise/Resources Outside The Production Centers– Postage Accountability– Postage Increases and Confusing Rules LEADS TO: Missed Savings Opportunities and Lost Funds

    October 28, 2013 3

  • Enterprise Wide Equipment Savings

    October 28, 2013 4

    Assist in implementing equipment renewals/terminations.Assist in implementing equipment renewals/terminations.

    Analyze current contracts and prices.

    Assist in negotiating improved rates and terms.

    Document all savings, notes, contacts while managing inventory.

    Reach out to sites to define requirements and future needs.

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    We have helped our clients reduce mailing equipment costs by 63% in 2013

    Success Stories• $648,000 (89%)for Pharmacy Service Provider• $174,000 (64%) for Uniform Provider

  • Eliminate Mailing Vendor Avoidable Fees

    October 28, 2013 5

    Monitor future invoices to validate they do not return.Monitor future invoices to validate they do not return.

    Create online accounts on the vendors websites.

    Link every location, account, meter and postage refill.

    Document all savings and notes.

    Identify avoidable fees and develop plans for their removal.

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    While simplifying the billing and payable process

    Success Stories• $18,000 for a Cable Service Provider• $17,000 for Food Manufacturer

    PostageRefil l Fees - Rentals $0-20 each

    Postage Advance Fees Included or up to 1% of the Advance

    Postage Advance Late Fees 0-15% of the Advance

    Postage Advance Finance Charges 15% or higher APR

    Overlimit Credit Charge Varies by Vendor

    Annual Fee Rewards Program Varies by Vendor

    LeaseLate Fees Varies by Vendor and Lease Value

    Insurance - Leases Only

    Varies by Vendor and Lease Value -Automatic enrollment unless proof

    insurance is provided.

    Mailing System FeesPostageRefil l Fees - Rentals $0-20 each

    Postage Advance Fees Included or up to 1% of the Advance

    Postage Advance Late Fees 0-15% of the Advance

    Postage Advance Finance Charges 15% or higher APR

    Overlimit Credit Charge Varies by Vendor

    Annual Fee Rewards Program Varies by Vendor

    LeaseLate Fees Varies by Vendor and Lease Value

    Insurance - Leases Only

    Varies by Vendor and Lease Value -Automatic enrollment unless proof

    insurance is provided.

    Mailing System Fees

  • Eliminate Mailing Vendor Overcharges

    October 28, 2013 6

    Continue to monitor future bills looking for overcharges.Continue to monitor future bills looking for overcharges.

    Document all savings and notes.Document all savings and notes.

    Identify transactions being overcharged.

    Format requests for refunds/credits.

    Validate refunds have been received.

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    We look at every invoice to make sure you are paying the correct rates.

    Success Stories• $182,000 for Pharmacy Service Provider• $70,000 for Title Company

    Typical Vendor OverchargesInvoices not giving national account discounts.Meter, maintenance and rate change charges when included on a lease.Bil ls for equipment from closed sites.Reset and advance postage fees that should be included.Loyalty points that go undredeemed or cashed in for personal use.

    Typical Vendor OverchargesInvoices not giving national account discounts.Meter, maintenance and rate change charges when included on a lease.Bil ls for equipment from closed sites.Reset and advance postage fees that should be included.Loyalty points that go undredeemed or cashed in for personal use.

  • Recover Lost Postage from Dormant Accounts

    October 28, 2013 7

    Validate that funds have been received back.Validate that funds have been received back.

    Document all savings and notes.Document all savings and notes.

    Create online visibility to every postage account and refill.

    Format vendor requests to validate funds.

    Fill in refund request forms.

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    We track down postage from terminated or forgotten meter accounts.

    Success Stories• $115,000 for a Bank• $92,000 for a Cable Service Provider

    Typical Reasons for Lost PostageClosed/merged/aquired sites.Terminated equipment or vendor changes.Inactive equipment with large balances.Sites using advance vs. prepaid accounts with forgotten idle funds.Lost/Stolen and non inventoried equipment.

  • Recover Unclaimed Funds from the States

    October 28, 2013 8

    Assist with backup/additional documentation requests.Assist with backup/additional documentation requests.

    Document all recoveries and notes.Document all recoveries and notes.

    Document all lost funds sitting with the state treasuries.

    Create the forms that need to be signed and notorized.

    Submit completed packets to the states.

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    We track down mail and non mail escheated funds and simplify their recovery.

    Success Stories• $500,000 for a Small Parcel Shipper• $110,000 for a Uniform Provider

  • Enterprise Advocate – Multi Location System - Dashboard

    October 28, 2013 9

    Highlights• Simple access to all mail spends.• Visibility to fees and savings.• All account numbers are stored in one place.• Simple to drill down to an individual location or invoice.

    Spend RatioWhat are we

    spending on theequipment

    compared to thepostage used.

    The data above is for demonstrative purposes only. Data does not represent true spends and costs.

  • Enterprise Advocate – Multi Location System - Dashboard

    October 28, 2013 10

    The data above is for demonstrative purposes only. Data does not represent true spends and costs.

  • Enterprise Advocate – Multi Location System - Dashboard

    October 28, 2013 11

    Highlights• Complete visibility to all

    mailing spends bylocation.

    • Can see detail formultiple vendors.

    • All account numbers arestored in one simple toaccess place.

    The data above is for demonstrative purposes only. Data does not represent true spends and costs.

  • Postal Advocate No Risk Savings Model

    • We will do a detailed no cost or obligationanalysis outlining savings potential.

    • Fees – 30% of any documented savings(10% for State Unclaimed Funds)– Only when the savings has been

    implemented or funds recovered.– Detailed savings statements and

    invoices documenting eachtransaction.

    – Online visibility to all savings andfees.

    – No cost web based inventorymanagement system.

    October 28, 2013 12

  • Summary

    Visibility: We will provide you a web dashboard to all mail spends, applications andpricing.

    Savings: We will be monitoring your account looking for savings in equipment and fees.

    Recovery: We will find and recover any lost funds or overpayments fromdormant/orphaned accounts.

    Simplicity: We will make mail related spends easy to manage.

    Support: We represent the best in the industry and will act as your advocate on all mailrelated questions.

    Risk Free: You only pay us when we can document specific savings.

    October 28, 2013 13

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