What is StrategicSource?
StrategicSource operates as a specialized outsourced purchasing partner, providing a comprehensive suite of services designed to drive bottom-line growth. Since its inception in 2007, the company has focused on delivering an average of 25% savings on indirect expenses through rigorous contract negotiation, ongoing audits, and streamlined procurement workflows. By acting as an extension of a client's internal operations, StrategicSource enables businesses to offload complex expense management tasks, thereby allowing leadership teams to focus on core competencies while the firm ensures maximum cost efficiency across the supply chain.
How much funding has StrategicSource raised?
StrategicSource has raised a total of $928K across 2 funding rounds:
Debt
$350K
Debt
$578K
Debt (2020): $350K with participation from PPP
Debt (2021): $578K led by PPP
Key Investors in StrategicSource
PPP
Public-Private Partnership
What's next for StrategicSource?
With the recent influx of capital, StrategicSource is poised to scale its operational infrastructure to meet the growing demand for enterprise-level cost management solutions. The company intends to utilize this financing to deepen its technological capabilities in audit automation and expand its reach within the competitive landscape of indirect spend management. As organizations continue to prioritize fiscal discipline in a volatile economic climate, StrategicSource is strategically aligned to capture additional market share by demonstrating measurable ROI through its proven methodology of expense reduction and contract optimization.
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