Odelic's Cost Savings
2025-07-14 22:38:38

Odelic Corporation Achieves 5.3% Reduction in Electricity Costs with Invox Cost Analysis

Odelic Corporation's Journey to Cost Efficiency with Invox



Odelic Corporation, a specialized manufacturer of lighting fixtures, has made significant strides in managing its operational expenses through innovative strategies. Recently, the company implemented the Invox Cost Analysis, developed by Invox Co., Ltd., which has enabled a remarkable 5.3% annual reduction in electricity costs. This initiative not only streamlines data management but also reinforces Odelic's commitment to sustainable operational practices.

The Need for Effective Cost Management



With ongoing economic challenges, Odelic has been proactive in its efforts to reduce costs, frequently engaging external consulting services to guide its strategies. The company's administrative department has led these initiatives, while the accounting team has focused on providing necessary billing data. Although this approach yielded some positive results, gathering and organizing invoices proved labor-intensive. The burden of scanning and processing paper invoices became overwhelming, often leading to a scenario where results were achieved, but sustainable efforts were challenging to maintain. This backdrop necessitated a cautious approach towards new initiatives.

Transitioning to Digital Cost Management



Recognizing the limitations of their prior methods, Odelic began utilizing the Invox Received Invoice Service, which allowed for the digital management of invoicing data. Upon learning about Invox's new service, the Invox Cost Analysis, Odelic executives were impressed by its promise to leverage existing purchasing data without requiring additional data collection efforts. The model operates on a success fee basis, meaning that if no cost reductions are achieved, there are no expenses incurred, making it a low-risk option worth exploring. After this evaluation, the finance department took a bold step to lead the cost-saving initiatives.

Initial Success: Focusing on Electricity Charges



The initial phase of the Invox Cost Analysis involved an external examination that identified areas with high potential for savings. The team first targeted electricity expenses, which had been projected to yield the highest savings. This strategy bore fruit, resulting in a 5.3% reduction in costs, a significant achievement for the company.

Satisfaction Beyond Savings: Gaining Insight and Control



While reviewing the proposals gathered by Invox consultants, it was noted that while some electricity providers were cheaper, the key deciding factors were reliability and customer support. Unlike other consulting services that often prioritize cost alone, Invox's methodology offered Odelic the autonomy to make the final decision, leaving a positive impression.

An unexpected benefit of this initiative was the newfound insights gained by the finance department. Previously focused solely on total invoice amounts, the team now gained a clearer understanding of the structure behind expenses. This transparency provided a powerful tool for future contract renewals and price negotiations.

Future Steps: Expanding Cost Analysis Efforts



Building on the successes realized in electricity costs, Odelic has since expanded its analysis to include elevator maintenance fees and rental costs, aiming for even further reductions. Moving forward, the objective is to share and consolidate the knowledge gleaned from these analyses across the entire organization. A sustainable cost management framework is now the goal, ensuring not just one-off improvements but fostering ongoing cost awareness among all employees in a rapidly changing environment.

About Odelic Corporation



Founded in 1946, Odelic Corporation has established itself as a trusted name in the lighting industry, offering innovative solutions that integrate the latest technologies. With 33 sales offices and two manufacturing sites across the country, Odelic employs around 1,000 staff dedicated to delivering reliable products and services to commercial and public facilities.

The Invox Cost Analysis Service



Invox Cost Analysis is a consulting service designed to analyze indirect costs based on accounting and invoicing data accumulated through the Invox Received Invoice service. It operates on a success fee basis, ensuring that the client only pays a portion of the savings achieved, which makes it a compelling choice for businesses aiming to optimize their expenses.


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Topics Business Technology)

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