Our History
Founded in 2009, Expense Consulting is a contingency-based cost-reduction consultancy specializing in reviewing accounts payable and contract negotiation. Through our tried and tested approach, we have saved tens of millions of dollars on behalf of our clients. At Expense Consulting, we are dedicated to maximizing the value that organizations receive from their vendors and business partners.
We understand you seek the ideal partner in cost-reduction for your business. We have specific and relevant strategies and a proven approach that will help you expose billing and pricing errors, and dramatically decrease the costs of products and services your organization purchases today. We are confident that our veteran team of industry experts has the requisite winning formula to deliver results.
Expense Consulting has a 100% client-success rate over more than a decade of experience. Our approach has yielded an average savings of 20.6% in key spending areas. We obtain best-in-class pricing with your existing vendor partners, with only a fraction of our projects resulting in a recommended change to product or provider. We’ve worked with hundreds of suppliers and service-providers across dozens of spend categories, so when we reach out your vendors, they know that we expect the very best on behalf of our clients.
We are independent and objective in our pursuit of transparency and reasonable costs for products and services. At the end of our engagement our clients are empowered, prepared, and confident to hold vendors to a higher standard of quality, accountability and transparency, all at a fair price.
Our Founder
Stephen Carrabba is a Connecticut entrepreneur who founded Expense Consulting, Ltd. in 2009. A graduate of Suffield Academy and Babson College, he established a specialty manufacturing company while investing in real estate upon college graduation. Gaining experience in controlling expenses to maximize profits, he developed protocols and procedures which he believed were translatable to other industries and organizations.
Leveraging his knowledge and negotiating skills, he turned his passion for saving into a business. The success with Expense Consulting was almost instantaneous when Stephen was able to single-handedly save his first client over $115k with only a few weeks of effort.
With Stephen’s guidance, Expense Consulting has become a recognized expert in cost reduction and has helped many organizations realize substantial savings. Industries served have included aerospace, manufacturing, health care, transportation, major nonprofits and hospitality. Stephen prides himself on his attention to detail and perseverance, and ensuring that the result of projects are not merely “book-reports,” but are actionable to deliver solid results.
Stephen and his team have negotiated thousands of agreements and been responsible for saving tens of millions of dollars. He is a master-negotiator who consistently and creatively crafts “out-of-the box,” win-win deals.
Stephen and his wife, Catherine and their children live in Madison, Connecticut. Stephen was recognized by the Hartford Business Journal in 2014 as a 40 Under Forty Award Recipient and is a recent graduate of the Goldman Sachs Small Business program for growth driven entrepreneurs. He is an advisor to A Better World: The Adoption Connection and is a member of MetroHartford Alliance.
Our Advisory Team
Duncan Adamson
Duncan Adamson has 28 years of experience in both The Gillette Company and Procter and Gamble, with assignments in Europe and North America.
Karl Krapek
Mr. Krapek retired as President and Chief Operating Officer of United Technologies Corporation in January 2002. Mr. Krapek had been with UTC for twenty years serving in various management positions.
Anthony Camilliere
Anthony Camilliere is a partner in the government relations firm of Camilliere, Cloud & Kennedy. Mr. Camilliere brings 20 years of diverse professional experience in the public and private sectors.
Coleman Levy
Coleman B. Levy is a graduate of the University of Connecticut and the University of Connecticut School of Law. He is a partner with the law firm of Hinckley Allen.
Mark Cutler
Mark Cutler has been an international business developer and a management consultant to scientists from the Former Soviet Union since 2002.
Susan Link
Susan Link is the Executive Director and Chief Financial Officer of Collins Medical Associates. She also serves as Chairman on the East Haddam Board of Finance.
