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About
CRS |
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| Our track record includes over 20
years of experience developing and implementing cost-recovery,
cost-containment, and profit-improvement solutions for a variety
of companies. Founded
in 1992, Cost Recovery Solutions (CRS) entered the marketplace
specializing in procurement and travel management.
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| As a result
of our proven track record, we have evolved into a more comprehensive
contingency-based firm with services spanning 8 key
areas: |
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“We
are a new breed of consulting firm with the expertise
and vision
to deliver bottom-line results—
we
know how to help you
translate costs
directly into
profits,
bringing quantifiable value to your company.”
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—Gerard Smith |
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Gerard Smith is the founder and president
of CRS. Mr. Smith’s success in obtaining a $30 million
annual cost-reduction during a 3-year period at Northrop
Corporation, a Fortune 100 aerospace company, led to his entrepreneurial
journey. His business philosophy is rooted in developing a contingency-based
consulting practice driven by trust, intellectual capital, and state-of-the-art
technology to provide a solution that is on the cutting edge of
excellence and client savings.
Mr. Smith is considered one of the leading authorities in
the area of preferred vendor negotiations and is a featured speaker
at conferences and seminars throughout the world. He is a USC graduate
with a B.S. in Public Administration. He is frequently interviewed
and quoted by such periodicals and news media as Fortune Magazine,
USA Today, and Cable News Network (CNN). He was recently profiled
by Millionaire Magazine as an accomplished entrepreneur. He is
the author of Celebrating Success, Mastering Preferred Hotel Rate
Negotiations, and Generation to Generation.
Mr. Smith leads our team of professional consultants.
With its network of employees and subcontractors, the CRS team offers extensive
cost-recovery and profit-improvement expertise. Our
team collaborates with companies by augmenting their intellectual
and technical resources—at no cost to them—to reduce
expenses. Using CRS’ extensive benchmarking databases and proprietary
software, our industry-expert professionals, who are well versed
in unique pricing matrices and best practices, are able to provide
our clients with superior service in all aspects
of the cost-recovery and cost-containment process. CRS’ accomplishments
are frequently highlighted in such publications and news media
as Fortune Magazine, The Wall Street Journal, The Washington Post,
USA Today, Cable News Network (CNN), and the Associated Press.
Our expertise has benefited such diverse and recognizable
companies as Champion International, Chemical Bank, Jacobs Engineering
Group, Mattel, Mobil Oil, The RAND Corporation, and World Vision.
We are confident that we can provide your company with beneficial
cost-recovery and profit-improvement consulting services. |
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Vision and Values |
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Cost Recovery Solutions has an exciting vision for your future: to translate
costs directly into profits, bringing quantifiable value to your company.
As one of the nation's leading cost-management consulting firms,
the CRS team offers a unique approach to managing costs from a single
source. With state-of-the-art technology as the cornerstone of our services,
we provide a total solution that is on the cutting edge of excellence. |
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Partnership Opportunities |
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CRS is always interested in partnering with non-competitive firms
interested in introducing CRS' Suite
of Services to their clients.
Our partners benefit by providing additional value to their clients
in the form of dramatic cost reductions while earning lucrative
compensation for all contracted referrals. Contact
us to learn
more about these opportunities! |
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Frequently Asked Questions |
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| What exactly do you do, and how will it help
our company? |
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CRS assists corporate executives
and managers in finding ways to save money, cut costs, recover
lost profits, and improve ongoing profit performance. Our team
has the industry expertise to identify cost center areas that
are certain to produce cash results. We review and analyze
policies, procedures, and contractual obligations, and we initiate and manage
the recovery process. Your company could well benefit from
thousands of dollars recovered by having us identify and correct
overpricing, double-billings, rate/tariff errors, etc. |
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| How much will this cost us? |
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All compensation to CRS is strictly performance-based
and calculated exclusively on a percentage share of any recoveries
or new savings our services generate. The value of our services
is quantifiable in specific dollars and cents—there
is no opportunity for “fee misinterpretation” and
no “gray area” to worry about. If we cannot generate
cash refunds, rebates, price reductions, etc., in the chosen
areas of concern, you owe us nothing. It’s that simple. |
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| Will this interrupt day-to-day operations? Does
this require a lot of time? |
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The beauty of our technology-driven service
is that the collection and evaluation of data requires very
little time or effort, if any, from the company’s in-house
workforce. Information is gathered by our experts directly
from your company’s existing information-reporting systems,
internal documents, and third-party sources, with the analysis
performed off site. Your staff can go about its daily routine
with minimal disruption. |
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| How long before we see real results? |
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Once our required data is received, results
in cash recovery can be realized in as little as 60 days—sometimes
sooner. Certain contracts may be renegotiated and implemented
as soon as they are available from the service providers; others
may require a waiting period until expiration depending upon
current terms. Typically, the recovery of overpayments, rebates,
and cash refunds translates into immediate income. |
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| Who is your competition? |
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There are a number of large and small consulting
firms competing for your business. Most large consulting firms
tend to focus on a multitude of areas of cost control without
specializing in specific areas and are compensated on a fee
basis. Smaller consulting firms often limit their services
to only one area. CRS has taken great care to identify and
service only those areas that have proven track records of
quick and significant recovery results. |
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| We do not want to do it all
right now. Can we pick only the areas we want? |
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Your company can choose one or all of the
service areas. However, at no risk or cost to your company,
a simple, simultaneous review of multiple areas of operation is the
best way to impact your profit performance quickly and achieve
maximum results overall. Time is of the essence when it comes
to recovering lost profits and improving your company's bottom
line. |
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| Start realizing your savings today!
Click here to see CRS' Suite of Services. |
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