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How to Help with Cost-Cutting

Retail clients identified cost reduction as today's biggest business challenge and Virtual Premise is trying to help.

By Noreen Seebacher | Updated on February 19, 2009

An Atlanta-based provider of web-based real estate technologies describes its newest suite of products as a response to the economy. Virtual Premise developed its IMPACT Cost Savings Program to help retail tenants identify money-saving and operational efficiency opportunities within their real estate portfolio, says president and COO Andy Thomas.

He says Virtual Premise designed the tools to give companies more visibility into their real estate portfolio, and, ideally, enable better management of this significant cost center. They were launched to satisfy needs identified by clients at a customer conference last November.

“There was an overwhelming call, if you will, for tools or services that can help determine the best ways to reduce costs,” Thomas explains. According to a survey conducted at the conference, cost reduction is the most significant business challenge in today’s economy.

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