IESA, the Cheshire based Industrial Business Procurement Outsourcer, specialising in the provision of outsourced procurement, inventory and stores management services and transactional processing services (P2P) to manufacturing and process industries, has been honoured with a prestigious industry award.
The company won the award of the Fastest-Growing Larger Technology Company by the Northern Tech Awards 2014 at a special ceremony in Manchester last month, for companies with revenue in excess of £20 million.
The awards also rank all the top 50 Fastest Growing Technology Companies by revenue growth over the last three years. IESA was ranked 16th overall, having enjoyed 139% growth between 2011 and 2013.
Glenn Timms, Chief Executive Officer, said: “The award provides well-deserved recognition to all the team at IESA who have worked tirelessly to make this company what it is today. In three years we’ve further expanded our client base to include some of the country’s best-known manufacturers, and we’ve successfully expanded into Ireland.
“We’re now looking ahead to ensure the success story continues. There’s a still lot of opportunity in the UK manufacturing sector as more and more companies look for ways to streamline their operations and manage costs more effectively. We also have ambitious plans in the Irish market and our next phase of expansion is Germany where we have launched IESA this year. ”
IESA’s growth is through a refined offering which enables clients to achieve significant bottom line improvement through negotiating lower indirect goods purchase prices, working capital savings through improving the management of inventory and removing the burden of the P2P process, thus streamlining back office activities.
IESA saves an average of 11% for each client on the cost of product.
This is because IESA leverages its supply chain, delivering economies of scale that a single client could not achieve. The company also reduces working capital through advanced inventory management techniques, manages client stores in over 120 locations in the Ireland, Germany and the UK, removes the burden of transactional processing and therefore the cost associated with it and provides an industry leading cloud enabled SAP technology platform that integrates all these service elements and produces advanced management information to all levels of a client organisation.
(left to right) Jon Davidson (CIO) and Glenn Timms (CEO) of IESA accept the Northern Tech Award 2014 for Fastest Growing Larger Technology Company from High Campbell, Managing Partner of GP Bullhound.‹‹ Back