GREENVILLE, S.C. - Sourcing for Services Inc. is a new firm that helps companies find and engage quality professional service firms at guaranteed savings. The company also has a consulting arm that helps larger companies develop services procurement functions and capabilities internally. The core business of Sourcing For Services, though, is a managed service offering known as The Sourcing Center @ SFS. This business delivers high quality sourcing outcomes directly to small- to mid-size companies with at least $50,000 in projected services spend. The Sourcing Center @ SFS helps companies identify, select and negotiate with vendors for their professional service needs. Professional services are those services that companies seek from external vendors such as audit and accounting functions from CPA firms, legal support, management and IT consulting, benefits administration, corporate travel, engineering services, janitorial, etc. The Sourcing Center is an on-demand service provider and can be engaged for even a single transaction or service need.
Michael Matherly, SFS founder and president, says that his service provides a strategic advantage for companies seeking to remain competitive in today's tighter economy and position themselves for long-term viability. With direct costs of goods and service delivery already pressured to the limit, businesses are seeking out new ways to reduce operational costs. With a services procurement mindset garnered from his time at Capital One Financial, a Fortune 200 company, Matherly built The Sourcing Center to be performance-based - "just like I would have wanted to see if I were still in corporate procurement managing the professional services category," he said. SFS guarantees a 500 percent ROSI (return on sourcing investment) for each sourcing transaction. He added, "Our pricing policies reinforce to our clients that we succeed only when they succeed. That's how business owners want their vendors to partner with them today."
"Reducing indirect costs - such as professional services, corporate services, finance and accounting functions - is a great way to preserve margins," said Matherly. He added, "However, most companies have not considered this option or at least have not figured out how to do so effectively and efficiently. That's where The Sourcing Center comes in: We help clients make an immediate, positive impact on the overall cost of external service providers."
The company also partners with staffing managed service providers (MSPs) to serve the high spend, high volume needs of larger clientele.
Speaking directly about the MSP channel, Mr. Matherly said "This service allows managed service providers to expand their services footprint, augment existing tool functionality, and deepen the value-add of their client relationships. The Sourcing Center works in tandem with their existing tools and processes to provide human-driven sourcing advisory services to drive better vendor selections and deeper savings for the client. Partnering with staffing MSP's and back office solution providers is another way for us to take part of an already positive outsourcing trend in today's business environment. We are excited about the prospects of this new channel."
ABOUT SOURCING FOR SERVICES: Sourcing for Services was founded in 2009 by Michael Matherly, based on his more than 16 years in the corporate and consulting arena - including 12 years with Capital One Financial Corp. In addition to The Sourcing Center, SFS provides consulting services to help mid- to large-sized companies analyze and assess services spend and to develop internal services procurement, sourcing and supplier diversity functions.
Contact: Michael Matherly at TheSourcingCenter@SourcingForServices.com or call (888) 730-7374.
Sourcing For Services, Inc, 209 N Main St. #433, Greenville, SC 29601
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