Consulting Firm Joins Elite Group That Have Made the Inc. 5000 List for 9 Consecutive Years
ATLANTA, Georgia – August 25, 2016 – Inc. magazine today ranked Insight Sourcing Group for the ninth straight year on its annual Inc. 5000, the prestigious ranking of the nation’s fastest-growing private companies. The Inc. 5000 list represents a unique look at the most successful companies within the American economy’s most dynamic segment: its independent small businesses.
Insight Sourcing Group, the leading management consulting firm focused on helping its clients achieve total cost optimization through procurement-related services and best practices, appears on the list for the ninth year in a row having posted a three-year sales growth of 77%.
“2016 marks our ninth straight appearance on the Inc. 5000 list starting with our ranking as the 227th fastest growing company in 2008. As the company founder, this is truly an honor and point of pride for me personally,” said Tom Beaty, CEO of Insight Sourcing Group. “Sustaining growth at this level for a firm of our type requires strong long term client relationships and a great team that delivers consistent results. We are fortunate to have both in abundance.”
The 2016 Inc. 5000, unveiled online at Inc.com and with the top 500 companies featured in the September issue of Inc. (available on newsstands August 23) is the most competitive crop in the list’s history. The average company on the list achieved a mind-boggling three-year growth of 433 percent.
“The Inc. 5000 list stands out where it really counts,” says Editor-in-Chief and Inc. President Eric Schurenberg. “It honors real achievement by a founder or a team of them. No one makes the Inc. 5000 without building something great — usually from scratch. That’s one of the hardest things to do in business, as every company founder knows.”
For the full 2016 Inc. 5000 List of Fastest-Growing Private Companies, click here.
About Insight Sourcing Group
Insight Sourcing Group is considered one of the premier management consulting firms focused exclusively on Strategic Sourcing and procurement-related services in North America.
Founded in 2002, the firm works with senior executives and procurement leaders to accelerate Strategic Sourcing savings, increase Spend Visibility, provide category intelligence, and implement procurement best practices. Insight Sourcing Group has worked with hundreds of corporate clients and over 50 private equity firms. The firm has developed a reputation for the collegiality and high caliber of its team, its tremendous focus on client-results, and for its ability to consistently deliver strong outcomes.
Typical client results include 20% average savings per indirect spend category, 5-15% for direct spend categories, 842% first-year return on investment, and project payback periods of less than 90 days.
Insight Sourcing Group has also developed a market-leading Spend Visibility technology called SpendHQ®, which provides on-demand Spend Visibility to drive Strategic Sourcing results and ongoing analytics to measure performance and compliance.