A Focused Program Developed to Lower the Cost of Back-Office Retail and Credit Card Operations
MOORESVILLE, NC–(Marketwired – July 25, 2013) – PROFIT TECHNOLOGIES®, an international earnings enhancement firm, announces the launch of CostDown(SM) a cost cutting solution for retail and credit card issuers. CostDown(SM) focuses on crucial components of card programs usually overlooked by typical operations reviews. The service focuses on five key areas — card production and processing, scheme billing audit, authorization, statement processing and direct mail expenses.
“When card issuing companies conduct operational reviews in search of expense reduction, they typically find only a fraction of the opportunities,” states Russell Simmonds, President of PROFIT TECHNOLOGIES. “CostDown(SM) digs deep into areas where many companies lack the expertise or resources and delivers hidden cost cutting strategies.” The savings generated from these strategies allows card issuers to focus new efforts on current, new and expanded customer relationships.
But CostDown(SM) does more than just reduce operating expenses. The program will produce process efficiencies that allow staff members to manage a wide range of activities quickly and effectively. These efficiencies also improve the speed, convenience and consistency that today’s card user’s demand.
“When you combine CostDown(SM) with a success-based pricing model, the retail and credit card customer has a low risk formula for success,” states George White, Director of European Operations for PROFIT TECHNOLOGIES. “After a short period of discovery and analysis, our small non-intrusive engagement team will provide many cost savings strategies that improve revenues and differentiate the customer in the market.” CostDown(SM) is one of over 900 revenue enhancing and cost savings strategies developed by PROFIT TECHNOLOGIES for financial institutions around the world.
To learn more about the CostDown(SM) suite of cost reducing programs, visit www.profit-tech.com or call +1 (704) 896-5230.
About PROFIT TECHNOLOGIES®
PROFIT TECHNOLOGIES® is an international earnings enhancement firm providing specialized profitability and performance improvement solutions to financial enterprises worldwide. For more than forty years, PROFIT TECHNOLOGIES® has helped financial customers on six continents realize over $40 billion in incremental revenue and cost reduction benefits. For more information, visit www.profit-tech.com.
+1 (704) 896-5230