Updated: Thursday, 05 Mar 2009, 10:16 AM EST
Published : Thursday, 05 Mar 2009, 10:16 AM EST
BUFFALO, N.Y. (WIVB) - These days businesses, no matter how big or small, are looking
for ways to cut costs and save money. There is a local company,
that for more than a decade, has been auditing utility bills of
businesses and municipalities and recovering hundreds of thousands
of dollars for them. The best part is, they only make money, if
they get you back money.
Baptist Manor is a 15 story government assisted independent senior housing center. In 1997, Amherst based Troy and Banks approached executive director Peg Brunton and said they may be able to recover thousands of dollars for them, all they had to do was audit the business utility bills.
Since then, yearly audits have uncovered $10,000 more in overcharges. Thomas Ranallo founded Troy and Banks 15 years ago, auditing electric, gas, phone, all utility bills of local companies and recovering thousands of dollars for them.
For example, they recently were hired by Ford Motor in Michigan and within months found the company was being charged for utilities on a company that was demolished back in 1991, the savings on that discovery alone is around three-quarters of a million dollars.
Other local client savings include:
Tim Horton's 15,000, Buffalo Wheelchair 51,000, Hunt Real Estate 172,000, M&T bank 1.1 million, New Era Cap company 305,000, and 2 million for the City of buffalo.
They've also recovered big money for the US Postal Service, even the New York Stock Exchange, meaning, they don't collect unless they recover you money, whether it be a refund or credit, usually 50 percent.