--- title: "Press Release: StrategicSource, Inc. Announces Savings Award Milestone Over $700 Million Saved for Clients" description: Discover how StrategicSource, Inc. has saved clients over $700 million since 2000. Learn more about how they can add savings to your bottom line. image: https://content.strategicsource.com/hubfs/Over%20$700%20Million%20Saved.png --- [![](https://content.strategicsource.com/hs-fs/hubfs/Logos/StrategicSource/LOGO---Strategic-Source---NO-TAG.png?width=350&height=104&name=LOGO---Strategic-Source---NO-TAG.png)](http://www.strategicsource.com) Open main menu Close main menu - Strategic Approach Open the submenu - [Strategic Approach](https://www.strategicsource.com/our-approach) - [Industries We Serve](https://www.strategicsource.com/vertical-markets) - [Expense Categories](https://www.strategicsource.com/expense-categories) - [Certified Supplier Program](https://www.strategicsource.com/certified-supplier-program) - Solutions Open the submenu - [Our Solutions](https://www.strategicsource.com/our-solutions) - [Profit Improvement Program](https://www.strategicsource.com/profit-improvement-program) - [ExpenseEDGE](https://www.strategicsource.com/expenseedge) - [Executive Tools](https://strategicsource.com/executive-tools/) - [Dealer Profit Alliance](https://strategicsource.com/dpa/) - [Consulting Services](https://www.strategicsource.com/consulting-services) - About Open the submenu - [About Us](https://www.strategicsource.com/about-us) - [Leadership Team](https://www.strategicsource.com/leadership-team) - [Case Studies](https://www.strategicsource.com/success-stories) - [Careers](https://www.strategicsource.com/careers) - [Testimonials](https://www.strategicsource.com/testimonials/) - [Learning & Resources](https://strategicsource.com/strategicsource-learning/) Open the submenu - [Webinars](https://www.strategicsource.com/events) - [Past Webinars](https://www.strategicsource.com/events/list/?eventDisplay=past) - [Blog](https://content.strategicsource.com/blog) - Events & News Open the submenu - [News](https://content.strategicsource.com/news) - [Contact Us](https://www.strategicsource.com/contact-us) [Press Release](https://content.strategicsource.com/news/tag/press-release) # Press Release: StrategicSource, Inc. Announces Savings Award Milestone Over $700 Million Saved for Clients ![McKenzie Grimes](https://content.strategicsource.com/hs-fs/hubfs/Pro-Capture%20One%200109.jpg?width=45&name=Pro-Capture%20One%200109.jpg) [McKenzie Grimes](https://content.strategicsource.com/news/author/mckenzie-grimes) [Share this blog post on Twitter](https://twitter.com/intent/tweet?text=I+found+this+interesting+blog+post&url=https://content.strategicsource.com/news/press-release-strategicsource-inc.-announces-savings-award-milestone-over-700-million-saved-for-clients) [Share this blog post on Facebook](http://www.facebook.com/share.php?u=https://content.strategicsource.com/news/press-release-strategicsource-inc.-announces-savings-award-milestone-over-700-million-saved-for-clients) [Share this blog post on LinkedIn](http://www.linkedin.com/shareArticle?mini=true&url=https://content.strategicsource.com/news/press-release-strategicsource-inc.-announces-savings-award-milestone-over-700-million-saved-for-clients) ![](https://content.strategicsource.com/hubfs/Over%20$700%20Million%20Saved.png) Spend management company StrategicSource, Inc. announced today they officially saved their clients over $700 million using their spend management model. This milestone is a major accomplishment for StrategicSource, who is well on their way to a goal of saving clients $1 billion in overlooked indirect expenses. 2024 is on track to be StrategicSource's best year yet with monthly client onboarding nearly tripling this spring compared to 2023. "When I started StrategicSource in the year 2000, I knew that companies were overspending on expense categories." Says founder Doug Austin. "Since then, we've created a company that prioritizes client's needs above all else, it's the core of who we are. Our achievements in saving clients over $700 Million is a direct product of our values." StrategicSource has successfully helped thousands of dealerships save money and offers a multitude of savings awards to their clients. A client who received a savings award of $1 million shares their experience with StrategicSource. "Since our engagement began with StrategicSource, they have been working to reduce and control our operational expenses." Says Bob Giles, CEO of Giles Automotive. "During the course of our relationship, StrategicSource has sourced over 60 expense categories and conducted over 55 audits that have produced over 7 figures in savings. I recommend StrategicSource as a proven partner for your spend management." Among other achievements, StrategicSource announced their new CEO Stephanie Fowler in January 2024.   "The growth I've seen here at StrategicSource has been nothing less than inspiring. Our goal to optimize our clients spend management to put more money back into their bottom line has been a pillar of our company since the beginning" says Stephanie. "Since launching in 2000 we've analyzed over $2 billion in spend. Our goal of saving our clients $1 billion in indirect expenses is our top priority." **About StrategicSource, Inc.** Most auto dealers lose profit each month by overpaying for expenses. Indirect expenses that are required to run a business can cause auto dealers to spend 25% more than they should. But when StrategicSource becomes your purchasing department, you keep more of the money you make. StrategicSource will help reduce unnecessary spending so you can put that money back into your bottom line. They've helped hundreds of companies save millions. To learn more about StrategicSource go to [https://strategicsource.com/](https://c212.net/c/link/?t=0&l=en&o=4169466-1&h=2690477755&u=https%3A%2F%2Fstrategicsource.com%2F&a=https%3A%2F%2Fstrategicsource.com%2F). McKenzie Grimes StrategicSource, Inc (612) 227-4488 [mgrimes@strategicsource.com](mailto:mgrimes@strategicsource.com) SOURCE StrategicSource, Inc. [Click here](https://www.prnewswire.com/news-releases/strategicsource-inc-announces-savings-award-milestone-over-700-million-saved-for-clients-302148955.html?tc=eml_cleartime)to read this press release on PR Newswire. ## Related Articles [![](https://content.strategicsource.com/hubfs/DPA%20Logo%20transparent%20(1).svg)](https://content.strategicsource.com/news/press-release-strategicsource-inc.-announces-new-service-to-combat-inflation-and-declining-sales-the-dealer-profit-alliance) [Expense Reduction](https://content.strategicsource.com/news/tag/expense-reduction) [Press Release](https://content.strategicsource.com/news/tag/press-release) [Company News](https://content.strategicsource.com/news/tag/company-news) ### [Press Release: StrategicSource, Inc. Announces New Service to Combat Inflation and Declining Sales: The Dealer Profit Alliance](https://content.strategicsource.com/news/press-release-strategicsource-inc.-announces-new-service-to-combat-inflation-and-declining-sales-the-dealer-profit-alliance) **The best dealers in the industry need to generate $100 in revenue to bring $5 to the bottom line. Yet for every $100 saved in expenses, $99 hits the bottom line. ** ![McKenzie Grimes](https://content.strategicsource.com/hs-fs/hubfs/Pro-Capture%20One%200109.jpg?width=45&name=Pro-Capture%20One%200109.jpg) [McKenzie Grimes](https://content.strategicsource.com/news/author/mckenzie-grimes) [Read More](https://content.strategicsource.com/news/press-release-strategicsource-inc.-announces-new-service-to-combat-inflation-and-declining-sales-the-dealer-profit-alliance) [![](https://content.strategicsource.com/hubfs/D24-0471-We%20Exhibiting%20at%20NADA%20Show.jpg)](https://content.strategicsource.com/news/come-see-us-at-nada-2024-in-las-vegas-at-our-booth-6637n-0) ### [Come see us at NADA 2025 In New Orleans Booth #8827!](https://content.strategicsource.com/news/come-see-us-at-nada-2024-in-las-vegas-at-our-booth-6637n-0) Stop overspending in 2025!  ![Doug Austin](https://content.strategicsource.com/hs-fs/hubfs/SSI20218.jpeg?width=45&name=SSI20218.jpeg) [Doug Austin](https://content.strategicsource.com/news/author/doug-austin) [Read More](https://content.strategicsource.com/news/come-see-us-at-nada-2024-in-las-vegas-at-our-booth-6637n-0) #### Main Pages - [Home](https://strategicsource.com/) - [About Us](https://strategicsource.com/about-us/) - [Our Approach](https://strategicsource.com/our-approach/) #### Solutions - [Profit Improvement Program](https://strategicsource.com/profit-improvement-program/) - [ExpenseEDGE](https://strategicsource.com/expenseedge/) - [Executive Tools](https://strategicsource.com/executive-tools/) #### Key Links - [Webinars](https://strategicsource.com/events/) - [Testimonials](https://strategicsource.com/testimonials/) - [Contact Us](https://strategicsource.com/contact-us/) ### Subscribe to our Monthly Newsletter! [Follow us on Facebook](https://www.facebook.com/strategicsource/) [Follow us on LinkedIn](https://www.linkedin.com/company/strategicsource/mycompany/?viewAsMember=true) [Follow us on Facebook](https://www.youtube.com/channel/UCrAW1h6ZzihkqhejQgVFAjw) ```json { "@context" : "https://schema.org", "@type" : "BlogPosting", "author" : { "@type" : "Person", "name" : "McKenzie Grimes", "url" : "https://content.strategicsource.com/news/author/mckenzie-grimes" }, "dateModified" : "2024-07-29T16:11:25.509Z", "datePublished" : "2024-05-28T18:54:41.000Z", "headline" : "Press Release: StrategicSource, Inc. Announces Savings Award Milestone Over $700 Million Saved for Clients", "image" : [ "https://content.strategicsource.com/hubfs/Over%20$700%20Million%20Saved.png" ], "mainEntityOfPage" : { "@id" : "https://content.strategicsource.com/news/press-release-strategicsource-inc.-announces-savings-award-milestone-over-700-million-saved-for-clients", "@type" : "WebPage" }, "publisher" : { "@type" : "Organization", "logo" : { "@type" : "ImageObject", "url" : "https://content.strategicsource.com/hubfs/LOGO---Strategic-Source---NO-TAG.png" }, "name" : "StrategicSource" } } ```