Cost

O2 Investment Partners Announces: SIB Fixed Cost Reduction Partners with Cost Control Associates

Retrieved on: 
Monday, October 26, 2020
Other Professional Services, Finance, Banking, Small business, Accounting, Professional services, Supply chain management, Retail, Telefónica, O2, Cost accounting, Cost, Telecommunications, SIB Development & Consulting

O2 Investment Partners (O2) ( www.o2investment.com ) is pleased to announce that SIB Fixed Cost Reduction (SIB) ( www.aboutsib.com ) has acquired Cost Control Associates (CCA) ( www.costcontrolassociates.com ).

Key Points: 
  • O2 Investment Partners (O2) ( www.o2investment.com ) is pleased to announce that SIB Fixed Cost Reduction (SIB) ( www.aboutsib.com ) has acquired Cost Control Associates (CCA) ( www.costcontrolassociates.com ).
  • The acquisition is an exciting step for the SIB platform as it seeks to partner with leading spend management and cost reduction firms.
  • I spent almost 30 years making Cost Control Associates what it is today, said Laake.
  • About SIB Fixed Cost Reduction:
    SIB is a leader in fixed cost reduction services providing invoice analysis, vendor negotiation and cost monitoring for customers across a variety of expense categories including telecom, utilities, and waste management.

Silver Cost Basis Raises the Industry Standard ... Again

Retrieved on: 
Tuesday, October 13, 2020
Taxation in the United States, Articles, Cost basis, Traceability, Wash sale, Basis, Cost, Economy, Systems science

NEW YORK, Oct. 13, 2020 /PRNewswire/ --Silver Cost Basis, a division of the Silver Management Group of Companies, today announced numerous enhancements to its best-in-class cost basis platform.The improvements further reduce total cost of ownership and enhance client experience for cost basis processing and tax reporting.

Key Points: 
  • NEW YORK, Oct. 13, 2020 /PRNewswire/ --Silver Cost Basis, a division of the Silver Management Group of Companies, today announced numerous enhancements to its best-in-class cost basis platform.The improvements further reduce total cost of ownership and enhance client experience for cost basis processing and tax reporting.
  • "Over the years, Silver has continually worked to reduce operating costs for our cost basis clients with unique features such as virtual wash sales, zero-break corporate actions, and condensed tax reporting," says Neal Ruskin, Managing Partner in charge of product development.
  • "Under the covers, we've also developed an ultra-scalable processing engine that delivers accurate cost basis calculations on time, every day.Additionally, our fully integrated wash sale traceability and 'show your work' Basis Clarity reports improve call center efficiency."
  • I am particularly proud of our graphical Basis Clarity report that displays the entire life of a lot from acquisition to disposal, and everything in between, on an intuitive 'subway map' view."

Aegion Corporation Reports 2020 Second Quarter Financial Results

Retrieved on: 
Thursday, July 30, 2020
Aegion, Corporate finance, Human resource management, Tax, Restructuring, Cost, Economy, Companies

Energy Services - pre-tax restructuring charges associated with severance and benefit related costs and other restructuring charges.

Key Points: 
  • Energy Services - pre-tax restructuring charges associated with severance and benefit related costs and other restructuring charges.
  • Corporate - (i) pre-tax restructuring charges primarily associated with severance and benefit related costs and legal expenses; and (ii) acquisition and divestiture expenses.
  • Aegion combines innovative technologies with market-leading expertise to maintain, rehabilitate and strengthen infrastructure around the world.
  • and the associated logos are the registered trademarks of Aegion Corporation and its affiliates.

ESMA promotes convergence in the supervision of costs in UCITS and AIFs

Retrieved on: 
Friday, June 5, 2020
European Union directives, Economy, European Union law, Investment, Undertakings for Collective Investment in Transferable Securities Directive, European Union, Alternative Investment Fund Managers Directive, Investment fund, Cost

This briefing comes in response to the need to improve convergence across NCAs in the approach to undue costs.

Key Points: 
  • This briefing comes in response to the need to improve convergence across NCAs in the approach to undue costs.
  • ESMAs first annual statistical report in January 2019 on costs and performance of retail investment products, showed the significant impact of costs on the final returns for investors.
  • Following the publication of this report, ESMA started work with the NCAs to assess the different national approaches to the supervision of the cost-related provisions under UCITS AIFMD.
  • Ensuring greater convergence in the supervision of costs is an integral part of our broader efforts on the cost of retail investment products.

ESMA promotes convergence in the supervision of costs in UCITS and AIFs

Retrieved on: 
Thursday, June 4, 2020
European Union directives, Economy, European Union law, Investment, Undertakings for Collective Investment in Transferable Securities Directive, European Union, Alternative Investment Fund Managers Directive, Investment fund, Cost

This briefing comes in response to the need to improve convergence across NCAs in the approach to undue costs.

Key Points: 
  • This briefing comes in response to the need to improve convergence across NCAs in the approach to undue costs.
  • ESMAs first annual statistical report in January 2019 on costs and performance of retail investment products, showed the significant impact of costs on the final returns for investors.
  • Following the publication of this report, ESMA started work with the NCAs to assess the different national approaches to the supervision of the cost-related provisions under UCITS AIFMD.
  • Ensuring greater convergence in the supervision of costs is an integral part of our broader efforts on the cost of retail investment products.

O2 Invests in SIB Fixed Cost Reduction (www.aboutsib.com)

Retrieved on: 
Tuesday, May 26, 2020
Telefónica, O2, Business, Invoice, Cost, Dan Schneider, Telecommunications in Europe, Telecommunications, SIB Development & Consulting

BLOOMFIELD HILLS, Mich., May 26, 2020 (GLOBE NEWSWIRE) -- O2 Investment Partners ( www.o2investment.com ) has acquired SIBFixed Cost Reduction ( www.aboutsib.com ) to support the companys continued growth.

Key Points: 
  • BLOOMFIELD HILLS, Mich., May 26, 2020 (GLOBE NEWSWIRE) -- O2 Investment Partners ( www.o2investment.com ) has acquired SIBFixed Cost Reduction ( www.aboutsib.com ) to support the companys continued growth.
  • Kevin Flounders, CEO of SIB commented, We are very excited to partner with O2 to help us facilitate our next stage of growth.
  • Founded by Dan Schneider in 2008, SIB is a leader in fixed cost reduction services providing invoice analysis, vendor negotiation and cost monitoring for customers across numerous expense categories including telecom, utilities, and waste management among others.
  • About SIB Fixed Cost Reduction:
    SIB is a leader in fixed cost reduction services providing invoice analysis, vendor negotiation and cost monitoring for customers across a variety of expense categories including telecom, utilities, and waste management.

Aegion Corporation Reports 2020 First Quarter Financial Results

Retrieved on: 
Wednesday, April 29, 2020
Aegion, Corporate finance, Human resource management, Tax, Restructuring, Cost, Economy, Companies

Energy Services - pre-tax restructuring charges associated with severance and benefit related costs and other restructuring charges.

Key Points: 
  • Energy Services - pre-tax restructuring charges associated with severance and benefit related costs and other restructuring charges.
  • Corporate - (i) pre-tax restructuring charges primarily associated with severance and benefit related costs and legal expenses; and (ii) acquisition and divestiture expenses.
  • Aegion combines innovative technologies with market-leading expertise to maintain, rehabilitate and strengthen infrastructure around the world.
  • and the associated logos are the registered trademarks of Aegion Corporation and its affiliates.

Q1 Lays Solid Foundation for Barrick’s Full-Year Production Targets

Retrieved on: 
Thursday, April 16, 2020
Currency, Physical sciences, Chemistry, Copper, Cost, Royalty payment, Pound sterling

The exclusion of such unrealized mark-to-market gains and losses from the presentation of this performance measure enables investors to understand performance based on the realized proceeds of selling copper production.

Key Points: 
  • The exclusion of such unrealized mark-to-market gains and losses from the presentation of this performance measure enables investors to understand performance based on the realized proceeds of selling copper production.
  • The prices of Barricks copper sales are marked-to-market at the balance sheet date based on the forward copper price for the relevant quotational period.
  • C1 cash costs per pound excludes royalties and production taxes and non-routine charges as they are not direct production costs.
  • All-in sustaining costs per pound is similar to the gold all-in sustaining costs metric and management uses this to better evaluate the costs of copper production.

Preston Hollow Capital Bond Financing Facilitates Roosevelt University Acquisition in Dislocated Tax-Exempt Market

Retrieved on: 
Thursday, March 12, 2020
Education, Professional services, University, Finance, Presidents of the United States, Eleanor Roosevelt, Families, Politicians, American Philatelic Society, Anti-imperialism, Delano family, Franklin D. Roosevelt, Freemen of the City of London, Cost, Bond, Roosevelt family

The financing was completed through the Illinois Finance Authority to fund acquisition costs as well as transition costs and capital improvements for the acquisition.

Key Points: 
  • The financing was completed through the Illinois Finance Authority to fund acquisition costs as well as transition costs and capital improvements for the acquisition.
  • Roosevelt University could not have completed this transaction in the capital markets, and it highlights the execution certainty that Preston Hollow Capital can deliver to borrowers.
  • The transaction was completed as a result of Preston Hollow Capital, in its role as Bondholder Representative, approving the issuance of the additional Series 2020 debt for Roosevelt University.
  • Once again Preston Hollow Capital provided a highly flexible, customized financial solution specifically catered to Roosevelts needs for this transaction, said Andrew Harris, CFO of Roosevelt University.

Runzheimer Report Reveals Businesses Spend $111.7 Billion Every Year on Conference Travel

Retrieved on: 
Tuesday, February 25, 2020
Transportation, Data management, Automotive, Technology, Travel, Air, Transport, Software, Logistics, Supply chain management, Mobile, Wireless, Fleet management, Business travel, Cost, Operating expense, Expense

Runzheimer , the premier relocation and living costs intelligence solution powered by Motus , today released a new report, Business Travel Expense Trends: Conference Travel Costs .

Key Points: 
  • Runzheimer , the premier relocation and living costs intelligence solution powered by Motus , today released a new report, Business Travel Expense Trends: Conference Travel Costs .
  • According to the findings, companies spend more than $111.7 billion on business travel every year, with the average cost of a typical business trip amounting to $1,286.
  • Analyzing travel cost data from 60 of the most common destinations for U.S. domestic business travel, the report revealed great insights.
  • This is 69% more expensive than travel to Orlando, the lowest cost area, which averages a total cost of $963.