Business View Magazine l November 2022

141 BUSINESS VIEW MAGAZINE VOLUME 9, ISSUE 11 being solved. “That was huge,” Gargione says. “Inflation is now a major issue. We actually work with a lot of hospitality groups that have been impacted— who’ve had to consistently raise their menu prices as their operational costs have increased. We’ve been lucky to be able to establish relationships with partners that, in conjunction with what we offer, can help with supply chain and sourcing.” The firm considers itself ‘vendor agnostic’, meaning they offer consultancy open to all viable solutions. “We’ve established relationships with some of the top specialized tax incentives for cost reduction, and one of the top telco firms in the nation,” highlights Covell. “It’s easy for us to make adjustments because that platform is already built, the relationships are already there. Things may change from state to state, like the property tax mitigation, but as long as we’re able to keep track of those changes, we’re able to update our internal continuing education portals and communicate with our strategic partners. It really hasn’t been difficult.” With a portfolio of over 250 service providers, CG Moneta delivers bespoke cost-reduction initiatives that complement specific business situations. “We want it to be unique,” Gargione insists. “That’s one of the reasons we took as long as we did to do the background. You’ve got your Schooley Mitchells out there who provide similar services to a corporate cost reduction, but they aren’t doing these tax incentives. We utilize a buying consortium to reduce the cost right off the bat—about 40%. So we’re not going in with a spreadsheet, trying to reduce current services by five or 10%. We act as an aggregator, combining services from the providers that you want, and we’re also going to get you that price reduction immediately, Gargione elaborates. “Looking at us versus the competition, I think we’ve taken the best parts of any competitor and combined them into what we believe is the ultimate firm that small- and mid-sized businesses can go to for significant near-term cash flow and savings benefits, all at once. That’s really what we set out to do, and we’ve been pretty successful in accomplishing it,” he adds. Keeping in mind the competitive and changing landscape of corporate cost optimization, CG Moneta intends to remain at the forefront of the new technology and tax rate options they predict will be stand-out areas in their industry over the next few years. “The way the economy is, and the deficits this country is running, I CG MONETA CONSULT ING