Iasta 2008 Revenues Spike 77% as Businesses Combat Economic Downturn with Smarter Spending

Share Article

Poor economic conditions drive more businesses to choose Iasta and SmartSource SRM® to improve enterprise performance.

A tough economy is forcing businesses to focus on some centuries-old business problems: get more for every dollar you spend and find new ways to increase profits by compressing costs. An age of global supply chains, just-in-time purchasing, and roller coaster commodity costs has increased the complexity of the problem. Fortunately, the 21st century has also brought a new generation of solutions to help businesses manage increasingly complex sourcing challenges.

According to Iasta CEO, David Bush, "Complex cost structures and supply risk create a more challenging sourcing environment, but it also means increasing competition, and more opportunities to negotiate savings. SmartSource is one instrument that Iasta delivers to help companies manage sourcing data and adopt strategies that use increased competition amongst suppliers to their advantage. Additionally, the Iasta Consulting Group delivers sourcing transformation strategies so that companies make sure modern sourcing processes are integrated with their organization"

According to Iasta CFO Todd Epple, Iasta revenues dramatically increased 77% over the 2007 results, and 294% over the past three years. Additionally, Iasta application platforms saw a significant growth of 31% over the previous year, in both revenue and client acquisition. The increase in sales indicates that Iasta is not only working with more customers, but also delivering more products and services to those customers. Iasta also reported strong gross and net profits for the 8th consecutive year.

Iasta attributes a large portion of growth to the development of its Cloud Sourcing Program. By efficiently combining people, process and technology, Iasta has been able to deliver cost savings solutions for organizations with highly diverse structures and challenges. These sourcing advisory services span multiple organizational areas including procurement transformations, category management and strategic management initiatives, and solutions for tactical sourcing challenges.

The worsening economy may be a driving factor for the rapidly growing adoption of SmartSource SRM technology and sourcing advisory services. However, improving sourcing processes and adopting supply management best practices are critical in both strong and weak economic climates.

About Iasta
Iasta® is a proven leader of Enterprise Performance Management through SRM Best Practices. Founded in 2000, Iasta helps organizations solve traditional business problems in new ways by providing its customers with cutting-edge tools for making strategic decisions on how to save and spend their valuable resources. Iasta's flagship product, SmartSource SRM®, is the cornerstone to any effective supplier relationship management strategy as it enables companies to analyze, source and optimize business decisions. Our approach to procurement, Cloud Sourcing™, ensures ongoing success by bringing together people, proven processes, and technology into a scalable, turn-key solution that addresses not only traditional purchasing needs, but any kind of complex spend anywhere in the enterprise. The Iasta Consulting Group combines deep sourcing experience with technical knowledge and high levels of customer service to help companies maximize every dollar it spends on goods and services. For more information, please visit http://www.iasta.com or call +1.317.594.8600.

Iasta is a trademark of Iasta.com, Inc. All other products and brand names are trademarks or registered trademarks of their respective owners.

###

Share article on social media or email:

View article via:

Pdf Print

Contact Author

DAVID BUSH
IASTA
3175948600
Email >
Visit website