New Expense Management Service Recognizes America is built on Small Businesses
July 20, 2004
Cincinnati, OH - July 20, 2004 - Small businesses are considered the backbone of America because they employ more than half of the nation's workforce. Unfortunately, tens of thousands of America's 22.9 million small businesses will fail due to financial constraints. However, a new service offered by expense management firm Cadence will not only provide small businesses the extra leverage needed to survive, but also the competitive advantage for the future.
The new Cadence Small Business Services introduced by Cadence Network, Inc. gives small business owners access to the same expense management resources that multiple site corporations have enjoyed for years. For the first time, smaller organizations can harness the Cadence energy procurement expertise and objectively optimize their energy purchases, an area where significant hard dollars and labor time can be saved.
"The reasons small businesses fail are varied, but one reason is that most are not afforded the same benefits as large companies," says Cadence president and CEO Jeffrey Hart. "Navigating through energy procurement, particularly in regulated and deregulated markets, can be confusing and difficult, but there are opportunities for significant savings if you know what to look for and have the time. Small business leaders can now work with us directly and objectively take control over these expenses.”
Hart added that more businesses are paying attention to the little things that can boost the bottom line, and this new service is one way to realize savings in time and money, as well as finite resources. Cadence has worked with small business owners and franchisees that are in need of expense management services to develop a program that will be effective on a small business scale. The time involved in attempting to internalize a comprehensive expense management program keeps owners away from focusing on their core competencies.
"Most small business owners went into business to focus on something they are passionate about. Proactively managing energy procurement is something most large organizations outsource and most small businesses simply have not been able to do until today," Hart explained. "Using the same resources and working with the same experts as large corporations in this area frees up the small business owner's time, positively impacts the bottom line and strengthens America's economy."
About Cadence:
Cadence Network, Inc., is an expense management firm that delivers comprehensive expense management solutions for chain store and multiple site businesses in the banking, restaurant, retail, and grocery industries. The people and products of Cadence allow successful businesses to monitor and manage the third largest costs of doing business – electric, gas, water, sewer, trash, lease and telecommunications. The solutions designed are customized to address the unique business requirements of companies with many sites and many departments managing many vendors across many geographically dispersed locations. Cadence offers accounts payable outsourcing, web based software applications and professional services.
CONTACTS
Cadence Network Contact: Ben Dolan, Cadence Network, Inc. 866-CADENCE (866.223.3623) bdolan@cadencenetwork.com