Spend Management

Cost Management Group's Financial Solutions Group support your company core back-office services, helping to increase operating efficiencies, improve services, streamline processes and drive cost reductions. CMG's financial solutions include accounts payable optimization, tax advisory and recovery, insurance optimization, and treasury fee recovery.

Each spend management solution is tailored to your specific business requirements. CMG will collaborate with you to identify significant cost savings and employ a scalable solution that best fits your organization. We have a strong track record of success in implementing cost reduction solutions and ongoing cost controls.

CMG realizes these specific financial areas are not always transparent, so we strive to be your trusted advisor when dealing with the complex issues inherent in these areas. We can assist you in improving operational efficiency and transforming the finance function into a value-adding service, thereby enhancing decision making and analysis that will enable the business to support growth.

Bill Payment

Learn more about Bill Payments with our Brochure »

anyBillpayment is the only accounts payable solution that combines automation with outsourcing, giving you greater cost savings with more visibility and control.

By seamlessly automating the entire accounts payable process—from invoice receipt through payment—anyBillpayment provides organizations of all sizes with significant savings, improved transaction visibility and transparency, and greater financial control. These efficiencies are simply not possible with in house, paper-based procedures or incomplete automated accounts payable services.

Banking and Treasury Fees

Today's competitive banking environment has placed increasing pressure on banks and other financial institutions. Banks have been forced to downsize operations to reduce expenses causing the quality of service to suffer. Fees and other miscellaneous charges have risen dramatically to help banks maintain their expected earnings.

In many cases, corporate and institutional customers go unaware of these new unbridled charges as they slip by unnoticed in various bank statements. These changes have an impact on you the customer and your bottom line. CMG helps companies like yours control, reduce, and manage bank depository, treasury, and other fees. With our certified group members’ proprietary software system and team of former bank operations executives dedicated to your account, CMG can put you on the fast-track to obtaining reasonable fees and savings today.

Continuous Transaction Monitoring

Enterprises constantly seek ways to drive savings to their bottom line and establish process efficiencies across the organization. As a critical multi-faceted cog in the cash management machine, the AP function is ripe with opportunity for a makeover that will deliver value to the organization. Often considered more of a tactical organizational activity, accounts payable should be viewed as a rising opportunity for hard dollar bottom line savings. AP automation is a critical driver for this transformation, and Cost Management Group's AP Optimization will generate operational efficiencies and optimize the value of AP to the enterprise.

Insurance Optimization

Easily missed in the frustration over rising insurance rates is the overall size of your insurance spend. CMG advises that you not accept your current state as a necessary reality. Cost Management Group is prepared to join with you on a mission to drive costs out now, using our proprietary tools and an insider’s expertise, that neither you nor your broker would possess.

On a performance only (gain share) basis, we can help drive out costs from:

• Group Life and Accidental Death & Dismemberment
• Self-Funded Short-Term Disability Administration Fees
• Fully-Insured Short-Term Disability Premium
• Long-Term Disability Premium
• Ineligible Dependents

Property Tax

Each year companies forfeit millions of dollars because they do not take advantage of federal and state tax credits available to them. Many of these credits go unclaimed because the process to uncover them, gather the proper documentation and complete the necessary paperwork is too complex and time-consuming. Cost Management Group will help you navigate the system, weigh your options and take advantage of these savings opportunities.

CMG can take what is most often a process avoided by accounting departments and turn it into hard dollar bottom line savings.

Some of the Available Tax Credits Include:

• Work Opportunity Tax Credit
• Geographic Based Credits
• Disaster Relief Tax Credit
• Indian Employment Credit
• Research and Development Credits
• Various State Tax Credits and Incentive Credits