Efficio, the procurement experts, have been named in the first FT Future UK 100 list published by the Financial Times.
The FT Future UK 100 list is made up of fast-growing UK companies that are making a positive impact – either in their own industry or more widely – in one of four categories: environmental, social and governance (ESG) policies, through promoting diversity, disrupting their industry or consistent growth.
Efficio was recognised in the consistent growth category, the only one based purely on data. It recognises those companies that made the FT1000: Europe’s Fastest-Growing Companies list two years in a row, demonstrating consistent revenue growth.
Efficio has experienced an average growth rate of around 30% per year since it was founded in 2000.
The company has ten offices globally, having opened new offices in the Middle East and Denmark last year while further expanding in Germany and New York. To support this growth the business recruited over 100 new employees in 2017 and has hired another 112 in the year to September 2018.
Jens Pedersen, CEO of Efficio, said:
We are delighted to have made the inaugural FT Future 100 UK list. Our continuous growth is representative of our strong value proposition and commitment to delivering ever-greater value for our clients. To be one of a select group of UK companies to be recognised by the FT is a major achievement that demonstrates the strength of our services and the extraordinary skills of the teams who deliver them.
Efficio is seeing significant growth opportunities in technology-supported services, with a key differentiator being its ability to build content-rich technology and use it to support its clients.
We can help create greater efficiencies through the automation of analysis and by embedding the knowledge and content relevant to individual clients within technology applications. If procurement is to maximise savings and benefits – and deliver faster, it needs to be able to apply best-practice knowledge in the form of commercial models, market intelligence and benchmarks. Our unique blend of people, knowledge and technology enables us to achieve considerable savings for our clients through large improvement projects, while ensuring that our client teams are significantly more effective on an ongoing basis.
Efficio is also seeing a move towards longer-term client relationships with its managed services offering. The company’s revenue model is currently 50% managed services, supported by technology and expert knowledge, but this is expected to increase as more and more clients seek support over a longer period of time.
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