SourceDay Announces Record Growth as One of Austin’s Fastest-Growing Companies
Summary
AUSTIN, Texas--(BUSINESS WIRE)--SourceDay, the direct spend industry’s leading supplier collaboration engine, today announced a series of performance and momentum milestones, including 75 percent growth in total annual contract value during 2019. In 2019, SourceDay added thousands of additional manufacturers, distributors, and suppliers to its platform, driving over $66 billion in total direct spend processed, an increase of 1,300 percent over the previous year. These new solutions extend SourceDay customers’ ability to collaborate with thousands of suppliers worldwide – from quoting to purchase order to auto-vouchering invoices for payment. “That is exactly what SourceDay helps its customers do and why the company is growing so fast.” In addition, at now over 50 employees, the company doubled the size of its team in 2019, including the arrival of Jim Hilbert as Chief Customer Officer (CCO), Sarah Moore as CMO, Emeka Obianwu as Senior Vice President of Alliances & Channel, Peter Feldman as Chief Technology Officer (CTO) and Josh Tong as Vice President of Product. From Fortune 100 companies to mid-size manufacturers, thousands of organizations use SourceDay to connect their teams with their suppliers, centralize order data, and drive their businesses forward.
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