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WELCOME - ThinkSource enables companies to capture and sustain savings by exerting centralized control over distributed services spending and improving the ongoing process of managing resources and costs. Services procurement represents
over 50% of annual expenditure at most companies, yet remains as one of the least controlled.
    You’re spending more than you think…Contractors, consultants, temporary workers or contingent employees – more and more of today’s large businesses need their services regularly. The total amount spent on these services, along with the administrative expenses associated with sourcing them, lies buried within “indirect expenses.” Indirect expenses – the cost of external goods and services – can be half of a company’s total expenses, with 30 to 70 percent of those expenses attributed to services.

    For a company with $1 billion in annual revenues, spending on services could be $150 million or more.You’re saving less than you could…Multiple suppliers, multiple contacts, and multiple invoices just multiply your costs. No matter what kind of discount you negotiate with each supplier, you will give it all back in administrative overhead. Studies have shown that hiring managers – typically among the higher paid employees – spend almost 25 percent of their time searching for resources. The indirect expense of too many phone calls, too many interviews and too much paperwork equals an all-too tangible loss in productivity and a direct effect on the company’s bottom line.
    Our process improvements address the people-intensive, administrative and repetitive aspects of procuring services, freeing your company’s more costly resources to do the work they were hired for.Our web-based technology constantly gathers contractor transaction information. Drag-and-drop reporting allows you to create custom reports when you need them. ThinkSource gives you the information necessary to control spending decisions centrally.

      End-to-end automation
      Customizable control parameters
      Analytical reporting tools
      Increased spend visibility
      Multiple compliance controls
      Web based, hosted and secure


                                                                          
 


What is ThinkSource.com?
 
Services e-Procurement management
 
ThinkSource is an e-procurement and spend management solution for companies who use temporary services or contingent workers
regularly. >>
 
We address the people-intensive, administrative and repetitive aspects of procuring services through process improvement, freeing your company’s more costly resources to do the work they were hired for. >>
 
Contact Us: 1-800-659-5639 or leave a message online >>
 
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