Insight Sourcing Group adds Brandon Owens to its executive team, who will build out the firm’s sustainability business.
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Insight Sourcing Group’s business unit Insight Energy, LLC, expands energy procurement consulting and brokerage business through a transaction with Trane
ATLANTA, Georgia — January 19, 2022 — Insight Energy, LLC, a subsidiary of Insight Sourcing Group Holdings, Inc. today announced expansion of its energy procurement consulting and brokerage business through a transaction with Trane that builds Insight Energy’s presence in Louisville, Kentucky and Pittsburgh, Pennsylvania, adding to its robust team in Atlanta, Georgia. In addition to these expanded energy procurement and risk management services (formerly Fellon McCord), Insight Energy brings market leading energy efficiency, renewable advisory, and sustainability services to meet customers’ decarbonization objectives.
According to Tom Beaty, CEO of Insight Sourcing Group Holdings, Inc., “We are excited to grow our business for energy procurement customers in new markets. Our objective is to be the market leader in integrated energy supply, demand, and sustainability and this expansion advances us towards that goal.”
According to Tommy Greer, SVP of Insight Energy, “We are excited to add new energy procurement consulting and brokerage employees to our team through a transaction with Trane. Their unique capabilities to develop wholesale purchasing and risk management strategies for energy intensive clients complement our existing capabilities and will drive great value for our current and future clients. Our exclusive focus on integrated energy solutions and consistent recognition as one of the top companies to work for in the southeast will create an exciting future for all of us.”
For Frequently Asked Questions (FAQs) about the recent acquisition, please click here.
About Insight Sourcing Group Holding, Inc.
Insight Sourcing Group is the largest and fastest-growing consulting firm in North America focused exclusively on strategic sourcing and procurement-related services. Founded in 2002, the firm works with senior executives and procurement leaders to accelerate savings through strategic sourcing and procurement transformation consulting services, energy cost management, and on-going category analytics. Insight Sourcing Group has worked with hundreds of corporate clients of all sizes and over 65 Private Equity firms. To learn more, visitinsightsourcing.com.
About Insight Energy, LLC
Insight Energy delivers customized energy and sustainability solutions that reduce costs, manage risk and improve competitive position. They partner with private equity and C&I clients to establish and achieve decarbonization targets, while maintaining a unique focus on driving spend visibility and cost savings to build program momentum that meet their financial targets. For more information, please visit insightsourcing.com/energy.
ISG Energy and LevelTen Energy Join Forces to Help Organizations Meet Renewable Energy Goals
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New partnership enables ISG Energy to efficiently source power purchase agreements (PPAs) for its clients through the LevelTen Platform
ATLANTA, Georgia — March 22, 2021 — Insight Energy, a global leader in sustainability and energy procurement, and LevelTen Energy, the leading provider of renewable transaction infrastructure, are partnering to scale up and accelerate renewable energy adoption for the firm’s clients. The partnership provides Insight Energy with direct access to the LevelTen Platform, which enables the firm to more efficiently source renewable power purchase agreements on behalf of its clients.
Through this new partnership, Insight will gain access to the LevelTen Marketplace, the world’s largest collection of PPA offers, enabling clients to search and compare more than 4,000 offers spanning 21 countries in North America and Europe to find the best projects available to meet their goals. The firm and its clients will also gain access to more than 400 developers in LevelTen’s network to receive competitive PPA proposals using LevelTen’s RFP Automation Tool. In addition, the partnership provides direct access to LevelTen’s automated PPA analytics, which will assist Insight Energy and its clients in evaluating and selecting PPAs that are projected to provide the highest value and least risk. With these powerful efficiency tools, ISG Energy can further scale its consulting practice.
“With access to LevelTen’s innovative renewable energy platform and streamlined PPA sourcing and analytics, our team can more efficiently help clients achieve sustainability goals while reducing costs and managing risk.” Tommy Greer, Senior Vice President
“We help organizations execute on cost-optimal pathways to decarbonization – therefore it’s crucial that we maintain and grow a network of best-in-class partners to meet our clients’ evolving needs,” said Tommy Greer, Senior Vice President at Insight Energy. “With access to LevelTen’s innovative renewable energy platform and streamlined PPA sourcing and analytics, our team can more efficiently help clients achieve sustainability goals while reducing costs and managing risk.”
“LevelTen’s mission is to accelerate the clean energy transition. With our renewable transaction infrastructure platform, we’re able to connect premiere consulting firms like Insight Energy with the supply, analytics, and tools needed to source the best PPAs for their clients,” said Ryan Warren, Vice President of Marketing, LevelTen Energy. “We’re excited to support Insight in accomplishing our shared goal: a more sustainable world powered by renewable energy.”
About LevelTen Energy
LevelTen Energy is the leading provider of transaction infrastructure for the renewable energy economy. The platform delivers buyers, sellers, advisors, and financiers the automation software, data management, and standardized contracts needed to facilitate faster, safer renewable energy transactions. LevelTen’s marketplace of renewable energy power purchase agreements is the world’s largest, with more than 4,000 pricing offers spanning 21 countries in North America and Europe. LevelTen’s CFO-Ready Analytics™ automatically calculate more than a billion data points every day, providing buyers and advisors with leading-edge, real-time risk and value insights at modern market scale. Together, LevelTen and its partners share #OneGoal to accelerate the clean energy transition. Visit us at LevelTenEnergy.com to learn more.
About Insight Energy
Insight Energy delivers customized energy and sustainability solutions that reduce costs, manage risk and improve competitive position. We partner with private equity and C&I clients to establish and achieve decarbonization targets, while maintaining a unique focus on driving spend visibility and cost savings to build program momentum. Understanding our clients’ cost drivers, consumption profiles, and environmental goals, we help to identify, analyze, and execute on sustainability solutions that meet their financial targets.
Insight Energy is the energy and sustainability division of Insight Sourcing Group, the premiere management consulting firm focused exclusively on strategic sourcing and procurement. In combination with our energy expertise, Insight Sourcing Group’s Supplier Diversity practice empowers clients to pursue more sustainable and inclusive operations, helping to enhance ESG performance while improving their bottom line. Learn more at insightsourcing.com/energy
Corporate interest and participation in Community Solar has exploded in recent years, as a growing number of states enact legislation creating new market opportunities. Fueled by ambitious state policies tackling power…
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Corporate interest and participation in Community Solar has exploded in recent years, as a growing number of states enact legislation creating new market opportunities. Fueled by ambitious state policies tackling power sector emissions, such as New York’s 100% carbon-free by 2040 mandate, Community Solar has become an important policy tool for promoting local solar development across the country.
Community Solar offers guaranteed savings and low-risk access to renewable energy through customer-friendly contract terms. Participation requires no on-site installations or out-of-pocket expenses – and subscriptions generally have no impact on existing power supply agreements.
Figure 1. Community Solar Growth, Installed Capacity (MW)
Once a customer enrolls in the program, they begin receiving credits on their electric utility bill. Customers are required to pay a portion (e.g., 80%-90%) of the realized savings to the solar vendor for providing this service, however there are no other payments or fees for participation. Often, the contract product or deliverable is the savings itself.
For all these reasons, participation is simple, and the value proposition is compelling. While the program structure, requirements and commercial terms vary by market, the general model is consistent across the country. To better understand the program mechanics, it is helpful to consider the upstream activities and incentives that govern solar project development.
For project developers and owners, which may or may not be the same entity, their core business is to build, operate and monetize renewable energy assets (i.e., solar farms). While this happens across the country, it occurs most predominantly in markets with more favorable policies and mechanisms for selling the power that is produced. Community Solar programs are designed to improve the attractiveness of projects by enhancing the value and stability of the revenues generated from the solar farms – thus incentivizing increased solar development.
To secure financing and monetize their projects through these programs, project developers need a specific composition of subscribers (i.e., solar tenants) to their projects. Therefore, Community Solar subscriptions from eligible customers, including most corporations, are required to maximize the economics of these projects – making subscribers highly valuable and sought-after. For developers, these subscriptions improve project revenues and reduce merchant risk. Customers are rewarded with guaranteed cash-flow improvements in exchange for their commitment as a subscriber.
Once a customer enters into a Community Solar agreement, the solar provider registers their participation with the local utility company. The subscription is generally sized based on the annual power usage and spend invoiced by the local utility. As the solar project begins to produce and sell electricity into the grid, the utility distributes a portion of the revenues to individual subscribers in the form of utility bill credits. Solar providers charge the subscribers for a portion of the realized savings, typically leaving the customer with 10% savings on their electric utility costs.
Figure 2. Community Solar Process Diagram
Although most customers are eligible to subscribe, contract terms and risk exposure varies by market, customer and meter type. The primary risk of participation lies in the potential for termination penalties upon cancellation of the contract, which has more relevance for customers that lack certainty and visibility into the future operations of their portfolio. However, even for corporations with short-term leases across most facilities, there are techniques for structuring agreements to mitigate this risk, greatly reducing the potential for cancellation fees.
When structured effectively, Community Solar is a no-brainer and can be profitably incorporated into a business’s renewable energy strategy. However Community Solar markets can also be highly fragmented and complex – involving many different project developers and operators, each with unique contract terms and documents. The administrative resources required to navigate these markets can be burdensome.
We believe that finding the right partner can help alleviate these burdens. By seeking out an advisor with industry expertise, companies can dramatically reduce the time and resources required to capture the benefits of the programs. An independent advisor can help customers efficiently confirm eligibility, quantify the opportunity, evaluate vendors and negotiate contracts to secure favorable terms.
ISG is one such advisor that benefits from the scale and experience across a diverse client base, giving us a unique perspective and insight into the industry. ISG maintains an extensive network of project developers and operators, giving us broad visibility into available capacity and development pipelines across the country – allowing clients to quickly capitalize on market opportunities as new legislation is passed.
If you believe Community Solar might be a good fit for your business, we encourage you to review the questions below and reach out to our team if we can be of assistance.
Are we monitoring the industry and taking advantage of new state programs as they are created?
Have we found a provider that can deliver and will support us through the term of the agreement?
Are we receiving competitive terms or are we leaving anything on the table?
Have we updated our energy contracts to ensure maximum savings through Community Solar?
Have we properly negotiated and structured our agreement to manage termination risk?
Do we have a scalable contract infrastructure to support expansion into new markets as they open up?
Does our subscription include Renewable Energy Certificates (RECs), and if not, can we include them?
Are we accurately and truthfully communicating the environmental impacts of our agreement?
Interested to see if Community Solar is a good fit?
Connect with our sustainability experts to verify the opportunity parameters and determine the carbon and financial impact to your portfolio.
Insight Sourcing Group adds Rod Robinson to its executive team, who will build out the firm’s supplier diversity capabilities.
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Rod Robinson joins Insight Sourcing Group to bring clients robust and highly actionable supplier diversity capabilities.
ATLANTA, Georgia — February 9, 2021 — Insight Sourcing Group announces today that Rod Robinson, tech entrepreneur and a leading procurement subject matter expert, has joined the firm as a senior vice president. In this role, Rod will be responsible for enhancing the firm’s capabilities around supplier diversity, which is one of the highest priority topics in the procurement space.
Rod has over 25 years of experience in procurement, strategic sourcing and supplier diversity. He joins Insight Sourcing Group from Coupa Software, where he was vice president of supplier inclusion & sustainability. Prior to Coupa, Rod was the founder and CEO of ConnXus, Inc., a cloud procurement platform that enabled Global 2000 companies to achieve supply chain objectives related to diversity, transparency, sustainability and economic impact. ConnXus was acquired by Coupa in 2020.
Before his time in the software space, Rod was a seasoned procurement executive with deep strategic sourcing expertise. He started his career in management consulting, serving multinational clients on large-scale procurement initiatives, that resulted in billions in annual cost savings. Later, he was the chief procurement officer of Cincinnati Bell.
“We’re excited to have Rod joining our firm, as his background and experience will help completely transform our current capabilities in supplier diversity,” said Brent Eiland, president at Insight Sourcing Group. “We believe supplier diversity should be fully integrated into all facets of procurement. This unique service offering is going to complement everything we do and bring a significant amount of value to both our corporate and private equity clients.”
Insight Sourcing Group’s Supplier Diversity practice and Center of Excellence will help clients build best-in-class programs by focusing on four main pillars: goals and metrics, sourcing practices and policies, supplier development, and communications and training. The foundation of any world class supplier diversity program is data clarity. Insight Sourcing Group is uniquely positioned among consulting firms to deliver clarity due to its sister company, SpendHQ, the market leader in spend visibility. By driving full visibility into current diversity spend and related areas for expansion, the firm is able to apply a powerful methodology for rapid impact and long-term sustainability.
“Insight Sourcing Group has built a sterling reputation as North America’s leading consultancy focused exclusively on strategic sourcing and procurement,” says Rod Robinson. “I am extremely excited to bring my passion, knowledge and expertise to the firm as we look to help our clients achieve world class status in all aspects of supplier diversity.”
To learn more about Insight Sourcing Group’s Supplier Diversity practice, click here.
About Insight Sourcing Group
Insight Sourcing Group is the largest and fastest-growing consulting firm in North America focused exclusively on strategic sourcing and procurement-related services. Founded in 2002, the firm works with senior executives and procurement leaders to accelerate savings through strategic sourcing and procurement transformation consulting services, energy cost management, and on-going category analytics and spend visibility through its SaaS solutions SpendHQ and Insight Analytics. Insight Sourcing Group has worked with hundreds of corporate clients of all sizes and over 50 Private Equity firms. To learn more, visit www.insightsourcing.com.
With the launch of SpendHQ’s Categories Module, Category Managers now have a centralized view of category analytics for savings opportunity identification and realization. ATLANTA, Georgia — December 10, 2020 — With the launch…
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With the launch of SpendHQ’s Categories Module, Category Managers now have a centralized view of category analytics for savings opportunity identification and realization.
ATLANTA, Georgia — December 10, 2020 — With the launch of the new Categories Module, Category Managers now have a centralized view of category analytics for savings opportunity identification and realization. The Categories module is the foundation for an extensive set of future capabilities that will fully leverage the deep expertise of SpendHQ sister company, Insight Sourcing Group, and will be game changing for category leaders. ISG is the largest boutique strategic sourcing consulting firm in North America and has performed over 6,000 strategic sourcing projects.
Key Module Features:
Detailed analytics for specific categories and subcategories, including spend compliance, supplier fragmentation, supplier trending, and comparative analytics
Flexible dashboards, with click-and-drag capabilities, to view the most relevant analyses
Visual reporting on trends
“At SpendHQ, we are very excited to provide procurement leaders with a comprehensive Categories module that will enable category managers to fully track and understand their categories and optimize savings. Sourcing managers can leverage the capability to develop a sourcing strategy in a category,” stated Jason Bray, Chief Technology Officer at SpendHQ.
This launch is part of SpendHQ’s aggressive product roadmap, designed to deliver capability to procurement leaders that does not exist in the market today. According to SpendHQ founder and CEO Tom Beaty, “With the 2020 launch of our new version of SpendHQ, we finally have the platform to realize our full vision for procurement optimization. Our ambition is not just to have the best spend visibility product in the world, but to change the way procurement leaders drive results for their organizations.”
About SpendHQ
SpendHQ is a procurement analysis solution that provides rapid, accurate, and detailed visibility into enterprise spend data. This full-service SaaS spend analytics solution delivers actionable insight for sourcing and procurement professionals. SpendHQ has been acknowledged as a leader by being included in the Spend Matters 50 to Know for the last six years, being a finalist in the SaaS Awards, Procurement Leaders’ World Procurement Awards, and a 2020 SIIA CODiE winner. To learn more about SpendHQ, click here.
Insight Sourcing Group (ISG) and OMNIA Partners are pleased to announce they have entered into a strategic partnership, combining ISG’s industry-leading procurement and strategic sourcing consulting services with OMNIA Partners’…
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Insight Sourcing Group (ISG) and OMNIA Partners are pleased to announce they have entered into a strategic partnership, combining ISG’s industry-leading procurement and strategic sourcing consulting services with OMNIA Partners’ best-in-class portfolio of GPO programs.
ATLANTA, Georgia and NASHVILLE, Tennessee — August 13, 2020 — Following the acquisition of Insight GPO by OMNIA Partners in December of 2019, Insight Sourcing Group and OMNIA Partners have finalized a strategic partnership. This new agreement provides Insight Sourcing Group clients’ access to OMNIA Partners’ extensive portfolio of GPO programs and provides OMNIA Partners and its customers with access to Insight Sourcing Group’s comprehensive strategic sourcing and procurement services and technologies.
“This is a highly strategic partnership for our firm and is the critical consummation of our GPO strategy following the sale of our GPO assets to OMNIA Partners last year,” says Brian Houpt, Executive Vice President at Insight Sourcing Group. “OMNIA Partners brings tremendous scale and volume behind its robust GPO programs that give ISG’s clients access to a larger breadth of offerings with better pricing and service. We are excited to offer to our clients the broad and deep set of OMNIA Partners programs as GPO strategies remain a critical part of our client offering.”
From the beginning, it has been evident that both companies are well-aligned in serving the procurement community. This partnership provides both firms with a breadth of capability that is unmatched in the marketplace today.
OMNIA Partners’ portfolio includes direct materials, facilities, travel, HR and corporate services is a strong competitive advantage for companies and procurement organizations. OMNIA Partners, in turn, will collaborate with ISG to access its industry-leading consulting and analytics offerings for the benefit of its members. ISG will offer strategic sourcing and procurement consulting, market-leading spend analytics, energy cost optimization, and advanced category analytics to drive additional value for the OMNIA Partners membership.
Todd Abner, President and CEO of OMNIA Partners says, “As a result of the successful acquisition and incorporation of Insight GPO into the OMNIA Partners organization, the strategic partnership with Insight Sourcing Group will offer additional value to our members, as well as to the clients of ISG. OMNIA Partners continues to lead the market with innovative solutions and successful partnerships.”
About Insight Sourcing Group
Insight Sourcing Group is the largest and fastest-growing consulting firm in North America focused exclusively on strategic sourcing and procurement-related services. Founded in 2002, the firm works with senior executives and procurement leaders to accelerate savings through strategic sourcing and procurement transformation consulting services, energy cost management, and on-going category analytics and spend visibility through its SaaS solutions SpendHQ and Insight Analytics. Insight Sourcing Group has worked with hundreds of corporate clients of all sizes and over 50 Private Equity firms. To learn more, visit www.insightsourcing.com.
About OMNIA Partners
Shaping the future of procurement through power, access and trust. OMNIA Partners is the largest and most experienced purchasing organization for public and private sector procurement. Our immense purchasing power and industry-leading suppliers have produced an extensive portfolio of procurement solutions and partnerships, making OMNIA Partners the most valued and trusted resource for organizations nationwide. To learn more about OMNIA Partners, visit www.omniapartners.com.
Insight Sourcing Group has made the 2019 Inc 5000 list, ranking #3130 and posting a three year growth rate of 177% and making the list for the 12th time.
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Atlanta-based procurement consulting firm makes the list for the 13th consecutive year, one of only 19 companies in the list’s history to do so.
ATLANTA, Georgia — August 12, 2020 — Inc. magazine today unveiled it’s 2020 Inc. 5000 list of America’s fastest-growing private companies, and Insight Sourcing Group’s continued sustained growth has earned the procurement consulting firm its 13th consecutive recognition on the prestigious list at #3,518. Only 19 other companies (0.04%) in the history of the Inc. 5000 have made the list 13 times.
“It’s a tremendous honor for us to be named to the Inc. 5000 for the 13th year in a row, and we’re thrilled to be among such a revered group of less than 20 companies that have been recognized as many times in the history of the Inc. 5000 list,” says Jake Wojcik, Executive Vice President at Insight Sourcing Group. “It’s a testament to our team’s focus on exceptional client results and our unique company culture that has helped us hire and retain the top talent in our field of procurement.”
Inc. ranks companies according to percentage revenue growth when comparing 2016 and 2019. The 2020 Inc. 5000 achieved an incredible three-year average growth of over 500 percent, and a median rate of 165 percent. The Inc. 5000’s aggregate revenue was $209 billion in 2019, accounting for over 1 million jobs over the past three years.
“I will never forget the day I learned that we made the 2008 Inc. 500 list at #226 with over 1100% growth. It was one of the more exciting professional moments of my career and I still have the magazine in my desk drawer. It is incredible 13 years later to remain on the list and more importantly, to continue to be a growth company,” says Tom Beaty, Founder and CEO of Insight Sourcing Group. “The concept of Intelligent Growth that we developed in the founding days of the business has served us well. We desire to be a growth company but only as long as growth does not negatively impact our culture, our financial performance, or our ability to drive outstanding client results. Although we have grown dramatically since our founding in 2002 in the basement of my home, we have leveraged discipline and innovation to grow while building the necessary processes and infrastructure to sustain outcomes in these other critical areas. Our team has done an extraordinary job.”
For the full 2020 Inc. 5000 list of fastest-growing private companies, click here.
About Insight Sourcing Group Insight Sourcing Group is North America’s largest and fastest-growing consulting firm focused exclusively on strategic sourcing and procurement-related services. Founded in 2002, the firm works with senior executives and procurement leaders to accelerate strategic sourcing savings, increase spend visibility, provide ongoing category analytics for savings tracking, and implement procurement best practices. Insight Sourcing Group has worked with hundreds of corporate clients of all sizes and over 50 private equity firms. To learn more, visit www.insightsourcing.com.
About Inc. Media The world’s most trusted business-media brand, Inc. offers entrepreneurs the knowledge, tools, connections, and community to build great companies. Its award-winning multi-platform content reaches more than 50 million people each month across a variety of channels including websites, newsletters, social media, podcasts, and print. Its prestigious Inc. 5000 list, produced every year since 1982, analyzes company data to recognize the fastest-growing privately held businesses in the United States. The global recognition that comes with inclusion in the 5000 gives the founders of the best businesses an opportunity to engage with an exclusive community of their peers, and the credibility that helps them drive sales and recruit talent. The associated Inc. 5000 Conference is part of a highly acclaimed portfolio of bespoke events produced by Inc. For more information, visit www.inc.com.
ISG Energy Joins the Renewable Energy Buyers Alliance Atlanta, GA – June 25th, 2020 – ISG Enterprise Energy Solutions has joined the Renewable Energy Buyers Alliance (REBA) to support its sustainability advisory services and…
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ISG Energy Joins the Renewable Energy Buyers Alliance
Atlanta, GA – June 25th, 2020 – ISG Enterprise Energy Solutionshas joined the Renewable Energy Buyers Alliance (REBA) to support its sustainability advisory services and promote clean energy innovation. As a membership organization of clean energy buyers and suppliers, REBA provides a forum for collaboration and cultivation of new strategies for purchasing renewable energy. REBA members are responsible for roughly 90% of corporate renewables transactions to date, and as purchases continue to scale rapidly, REBA and ISG remain committed to guiding and equipping businesses with the tools needed to meet their sustainability goals.
“REBA is an alliance of large clean energy buyers, energy providers, and service providers that, together with NGO partners, are unlocking the marketplace for all nonresidential energy buyers to lead a rapid transition to a cleaner, prosperous, zero-carbon energy future.” Renewable Energy Buyers Alliancerebuyers.org
Credit: Renewable Energy Buyers Alliance (REBA)
Businesses are increasingly driving renewable energy adoption and innovation in the U.S. and will continue to play a crucial role in the transition to a clean energy economy. This trend has been largely influenced by growing pressures from customers and investors, which have propelled a wave of corporate sustainability commitments in a variety of industries.
“We’ve seen a considerable shift towards renewable energy and sustainability across our clients in recent years. Companies are more commonly considering the environmental and socioeconomic impacts of their operations and are responding to customer demand by setting ambitious sustainability goals. ISG Energy has developed unique buying strategies and management programs to guide clients through these initiatives. REBA provides great opportunities to collaborate with like-minded businesses and a platform to share best practices.” Tommy Greer, Vice President ISG Enterprise Energy Solutions
Once targets are set, however, businesses generally require external support to properly evaluate the investment options and financial risks of renewable energy projects. ISG’s team of energy and sustainability experts work with clients to develop renewable energy purchasing strategies that minimize cost premiums and financial risks, while maximizing the environmental and socioeconomic impacts of their commitments.
ISG Energy is currently coordinating with REBA to introduce a novel approach to purchasing renewable energy, utilizing specialized Opportunity Zone tax incentives. These tax benefits, which incentivize investments in economically distressed communities, can be used to enhance the economics of localized solar VPPA’s while driving economic development in rural communities. As companies seek to maximize the total impact of their sustainability commitments, localized solar projects, aided by Opportunity Zone funding, represent a new and exciting opportunity to amplify the socioeconomic impacts of renewable energy purchases without sacrificing financial performance.
About REBA
Renewable Energy Buyers Alliance (REBA), a membership organization working to establish a resilient, zero-carbon energy system where every organization has a viable, expedient and cost-effective pathway to renewable energy. REBA’s mission is to support its membership to catalyze 60 GW of renewable energy by 2025.
Our team of energy experts partner with clients to provide comprehensive supply and demand management solutions in order to reduce energy costs and manage risk. By understanding our clients’ cost drivers, consumption profile, and sustainability goals, we help to identify new that meet their financial criteria.
Our energy management process is proactive, market driven, and supported by proprietary market intelligence gathered from years in the industry. Our Insight engine provides our team with benchmarks and industry profiles which expedite the path from identifying opportunities to implementing savings.
Procurement Consulting Firm Named to Supply & Demand Chain Executive’s SDCE 100 Top Supply Chain Projects for 2020 ATLANTA, Georgia — June 17, 2020 — Supply & Demand Chain Executive, the executive’s user manual…
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Procurement Consulting Firm Named to Supply & Demand Chain Executive’s SDCE 100 Top Supply Chain Projects for 2020
ATLANTA, Georgia — June 17, 2020 — Supply & Demand Chain Executive, the executive’s user manual for successful supply and demand chain transformation, has selected Insight Sourcing Group as a recipient of an SDCE 100 Award for 2020.
The SDCE 100 spotlights successful and innovative projects that deliver bottom-line value to small, medium and large enterprises across the range of supply chain functions. These projects can serve as a map for supply chain executives looking for new opportunities to drive improvement in their own operations. These projects also show how supply chain solution and service providers help their customers and clients achieve supply chain excellence and prepare their supply chains for success.
Insight Sourcing Group received this award as a result of their work on a procurement transformation project for a multi-billion dollar apparel manufacturer and retailer that had a strategic focus on reducing SG&A costs. Historically, the client’s procurement function was a small team managing less than 10% of the total spend. Insight Sourcing Group was engaged to accelerate capture of savings opportunities and elevate the procurement function through a two-month assessment focused on:
The assessment identified $40 million in savings opportunities. Insight Sourcing Group was engaged for a second phase to accelerate capture of the first $20 million (across 20 categories), transform the procurement organization, and train the new procurement team members, who were now armed and ready to sustain savings, increase spend under management, and better serve its business partners. Ultimately, other business functions’ perception of procurement changed from “procurement is tactical” to viewing procurement as a strategic partner that they want to engage with.
Of the project, the client’s executive sponsor said “Insight Sourcing Group has been instrumental in our business transformation and has enabled us to become leaner and smarter with our indirect spend. They truly partnered alongside our team to deliver tangible value.”
“Innovation is essential in driving the supply chain industry forward, and thanks to these valuable partnerships, companies of all sizes are able to achieve success in projects that matter,” says Marina Mayer, editor for Supply & Demand Chain Executive. “From business intelligence systems and supply and demand planning to inventory reduction and procurement solutions, the SDCE 100 offers proof-of-concept that with the right planning and execution, anything is possible.”
About Supply & Demand Chain Executive Supply & Demand Chain Executive is the executive’s user manual for successful supply and demand chain transformation, utilizing hard-hitting analysis, viewpoints and unbiased case studies to steer executives and supply management professionals through the complicated, yet critical, world of supply and demand chain enablement to gain competitive advantage. Visit us at www.SDCExec.com.
About Insight Sourcing Group Insight Sourcing Group is the leading consulting firm in North America focused exclusively on strategic sourcing and procurement-related services. Founded in 2002, the firm works with senior executives and procurement leaders to accelerate strategic sourcing savings, increase spend visibility, provide ongoing category analytics for savings tracking, and implement procurement best practices. Insight Sourcing Group has worked with hundreds of corporate clients of all sizes and over 50 private equity firms. To learn more, visit insightsourcing.com.
SpendHQ 2.0 Raises the Bar on World-Class Visibility and Spend Analytics ATLANTA, Georgia — April 13, 2020 — SpendHQ, the market-leading spend analytics platform, announced today the release of their newly designed solution, SpendHQ…
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SpendHQ 2.0 Raises the Bar on World-Class Visibility and Spend Analytics
ATLANTA, Georgia — April 13, 2020 — SpendHQ, the market-leading spend analytics platform, announced today the release of their newly designed solution, SpendHQ 2.0. SpendHQ was originally founded as an internal tool by procurement consulting firm, Insight Sourcing Group. It was commercialized in 2013 and today is the largest best-of-breed spend analytics solution in North America, having processed over $4 trillion in spend for many top companies and private equity firms throughout the world.
The release of this powerful and fully modernized solution is timely given the current economic disruption. ‘During these turbulent and uncertain times, the need for world-class spend visibility and the ability to control spending is more important than ever. We remain incredibly dedicated to providing our clients access to sourcing-caliber data, quickly, allowing them to mitigate risk and accelerate savings,’ according to Tom Beaty, founder, and CEO of SpendHQ and Insight Sourcing Group.
The all-new SpendHQ 2.0 solution raises the bar on world-class spend visibility, data accuracy, and savings opportunity identification. SpendHQ 2.0 is a complete, ground-up rebuild of the original award-winning SaaS spend visibility software. Leveraging modern components and highly advanced technologies, such as AI and Machine Learning, the SpendHQ team has designed the new product as a highly efficient platform for rapid growth and innovation.
Spend Matters, the leading procurement technology analyst group, said of SpendHQ 2.0, ‘SpendHQ excels, relative to peers, at surfacing actionable…savings strategies. In one word, after looking at this capability for the first time, multiple Spend Matters analysts said ‘Wow,’ and this analyst was equally impressed.’
According to SpendHQ Chief Technology Officer Jason Bray, ‘SpendHQ 2.0 reflects a complete modernization of the software, built to be ‘future-proof’ so that as new technologies and capabilities become available, we can quickly integrate them. This entirely new platform includes all of the functionality of the legacy product but also advanced embedded analytics and sourcing opportunity identification. We have leveraged cutting edge technology throughout the product including for our frontend data transformation processes.’
SpendHQ 2.0 is a dramatic advancement in the world of procurement analytics in terms of actionable insights, speed and performance, and ease of use. ‘However, it’s just the beginning,’ says Tom Beaty. ‘Given our deep procurement expertise and daily focus on procurement optimization with our consulting clients, we have developed a vision for SpendHQ that will be unlike anything that exists in the market today. This vision is based on the actual results and outcomes we have driven for clients through consulting projects, and we will build that capability into SpendHQ and automate it.’
SpendHQ 2.0 was released on February 17, 2020. To learn more about SpendHQ 2.0, request a custom demo today at spendhq.com.
About SpendHQ & Insight Sourcing Group
SpendHQ is a SaaS spend analysis solution that provides rapid, accurate, and detailed visibility into your enterprise spend data. SpendHQ takes disparate data sources and transforms it into a comprehensive, enterprise-wide view of an organization’s total spend with suppliers. SpendHQ has over 200 customers and works with over half of the top 25 private equity firms in the world to enable these complex organizations to fully leverage their spending power and to capture and sustain EBITDA improvement through procurement savings.
Insight Sourcing Group was founded in 2002 and has become the largest boutique ‘pure-play’ sourcing and procurement firm in North America. The firm has performed over 5,000 strategic sourcing projects and has grown by over 20% a year for the past five years. Inc. Magazine has ranked Insight Sourcing Group among the fastest-growing private companies in America for 12 years in a row. It has been named the #1 Best Medium-Sized Company to work for in Atlanta and the #1 Best Boutique Consulting Firm to work for in the United States.
Insight Sourcing Group Holdings is composed of four subsidiaries. In addition to the original management consulting business (Insight Sourcing Group) and SpendHQ , the company provides energy-related cost optimization through Enterprise Energy Management, and deep post-sourcing analytics focused on savings sustainability and optimization through our newest business unit, Insight Analytics. On December 31st, 2019, a fifth division, group purchasing organization InsightGPO was sold to a large competitor, resulting in a robust partnership with expanded GPO capabilities.
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