Find Millions.Net » Uncategorized http://findmillions.net Sat, 01 Jan 2011 22:19:18 +0000 en hourly 1 http://wordpress.org/?v=3.0.4 The types of cost recovery http://findmillions.net/2009/the-types-of-cost-recovery/ http://findmillions.net/2009/the-types-of-cost-recovery/#comments Fri, 30 Jan 2009 19:17:31 +0000 Richard Lanza http://findmillions.net/post-id/postname/ I was asked the other day regarding how cost recovery comes about in the first place.  I see it falling into the following categories:

  • Internal error and fraud (focus on employees)
  • External error and fraud (focus on vendors and customers)
  • Industry benchmarking (focus on competitors)
  • Tax advantages (focus on government)

The cost recovery you are working on will drive the type of recovery as listed above.  Hope this helps people classify this exploding area in thir mind.

Let me know,

Rich Lanza

 

]]> http://findmillions.net/2009/the-types-of-cost-recovery/feed/ 0 2009 – The year of cost recovery and containment http://findmillions.net/2009/2009-the-year-of-cost-recovery-and-containment/ http://findmillions.net/2009/2009-the-year-of-cost-recovery-and-containment/#comments Sun, 11 Jan 2009 03:11:41 +0000 Richard Lanza http://findmillions.net/post-id/postname/ In the U.S., with Sarbanes-Oxley efforts starting to slow down as it becomes more routine, companies are spending more time focusing on process improvements and more specifically, finding cash. This is especially true as the U.S. economy is slowing with other hanging issues over the economy (i.e., sub prime mortgages).

I have been spending a lot of time over the last six months focused on cash recovery (see my website http://www.findmillions.net/) and have seen more interest starting in late 2008 than ever before in this area. I urge you to consider more cost recovery efforts in your company as they are a great way to pay for your department's costs. I run a monthly free webinar on the topic if anyone is interetsed. 

Let me know what you think…

Rich Lanza

rich@richlanza.com

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