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Profit Recovery Partners saves clients $1 billion

And the Costa Mesa-based organization plans to reach $2 billion by 2013.

By Kristen SchottPublished: January 26, 2011 09:38 AM

Costa Mesa-based Profit Recovery Partners (PRP) is poised for success; the national consulting firm's total client savings in key areas hit $1 billion through Dec. 31, and the company aims to reach $2 billion by 2013. But that's not all from PRP. The 14-year-old company's employee count grew 23 percent in the last 18 to 24 months to 78 – and the company expects to see an additional 20 percent uptick this year alone.

“This is a major accomplishment," said Don Steiner, president and CEO of PRP. "When PRP was founded 14 years ago, we established a goal to generate client savings of $1 billion. With new areas such as dependent care audit, we will reach $2 billion in savings by 2013. We are committed to producing measurable and sustainable solutions for our clients, and our performance-driven culture enables us to produce these types of results.”

PRP specializes in the development, usage and support of administrative expense reduction programs through seven different practice areas: document management, office products, information technology, and financial, legal, building and personnel services.

“Our savings solutions encompass many different industries and expense categories, which provides PRP with a clear and distinct advantage when compared to any alternative," said Bill Carpou, executive vice president of PRP.

The company's clients operate throughout the U.S. and Canada in areas such as Atlanta, Boston, Chicago, Dallas, L.A. and New York City. Clients include Fidelity National Financial, Lockton, Pacific Life and The First American Corp.

"We can positively impact our clients’ SG&A (selling, general and administrative) expenses immediately in a variety of different areas," said Carpou, "and (we) have the process to measure and expand those results."

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