Compliance Cost Reduction

The direct cost of compliance under all the Producer Responsibility Regulations generally relates to three key areas:

• The size of the obligation for which evidence must be purchased
• The amount charged for the required evidence
• The membership fee charged by your compliance scheme

360 can help businesses to identify potential cost reductions that can often lead to tens of thousands of pounds.

• We can look at the raw data around on which the obligation is based to ensure that producers are not reporting items that should not be included and to advise where potential savings may be achieved through a review of business activity.
• There is now significant variation in cost between schemes, both for membership and for the price they charge for PRNs. We have seen examples of some schemes charging double the cost of others.
• Producers often find it very difficult to compare scheme costs to ensure they are getting value.
• 360 can provide businesses with comparative costs and help them identify cost effective options to consider.
• Schemes also charge variable membership fees and producers are often unaware of the opportunities for savings.

These are the direct costs associated with compliance.

The indirect costs can be even more.

• Gathering and checking data
• Chasing different parts of the business for information
• Keep up with regulatory changes
• Applying data to the tables
• Keeping abreast of the market

These all take up extensive and costly internal resource and management time.

360 can provide a range of support.

• Analysis of your costs in comparison to others.
• Analysis of your data to consider savings opportunities.
• Management of data for submission to your scheme.
• Management of the whole compliance process.
• Direct registration as a transparent cost-effective alternative to scheme membership.