Hilliard, Ohio – Insource Spend Management Group today announced that President Brett Febus is an Ernst & Young Entrepreneur Of The Year® 2011 South Central Ohio & Kentucky Award finalist. According to Ernst & Young LLP, the awards program recognizes entrepreneurs who demonstrate excellence and extraordinary success in such areas as innovation, financial performance and personal commitment to their businesses and communities. Febus was selected as a finalist from nearly 100 nominations by a panel of independent judges. Award winners will be announced at a special gala event on June 30, 2011 at the Hyatt Regency Cincinnati. 

Insource helps large companies benchmark their transportation, telecom and technology pricing agreements against the marketplace to identify areas of overspend and then renegotiate their vendor pricing agreements to eliminate overspend. Insource’s recent explosive growth is a product of the “New Normal” in business where any type of overspending is unacceptable. Febus commented, “It’s a new business world. Companies can no longer accept the overspending associated with A-minus or B-plus vendor agreements that result from traditional procurement methods and in-house personnel. With Insource’s knowledgebase of hundreds of vendor agreements, companies look to us to evaluate the market competitiveness of their vendor agreements, and fix any financial shortcomings in these agreements. If companies have less-than-perfect vendor agreements, Insource finds and fixes the problems.”

The Ernst & Young Entrepreneur of the Year Program celebrates its 25th anniversary this year. The program has expanded to recognize business leaders in more than 140 cities and more than 50 countries throughout the world. 

Regional award winners are eligible for consideration for the Entrepreneur of the Year National Award. Award winners in several national categories, as well as the Entrepreneur of the Year overall National Award winner, will be announced at the annual awards gala in Palm Springs, California, on November 12, 2011. The awards are the culminating event of the Ernst & Young Strategic Growth Forum®, the nation’s most prestigious gathering of high-growth, market-leading companies, which will be held November 9–13, 2011.

Founded and produced by Ernst & Young LLP, the Entrepreneur of the Year Awards are pleased to have the Ewing Marion Kauffman Foundation as a national sponsor. In South Central Ohio & Kentucky, sponsors include Frost Brown Todd LLC, Thompson Hine LLC, Business Courier Cincinnati, Business First Columbus, Business First Louisville and The Eisen Agency.

About Insource
Since 1999, Insource’s team of former pricing, finance and strategic account management executives from major carrier, IT and telecom providers have saved clients more than $1 billion. Our finance experts and industry insiders leverage their experience and couple it with our proprietary data analysis to achieve impressive results for our clients: improved rates, enhanced pricing terms and conditions, and better overall agreements. For more information about Insource, visit www.InsourceSMG.com or call (800) 397-6880.

About Ernst & Young Entrepreneur of the Year®
Ernst & Young Entrepreneur Of The Year® is the world’s most prestigious business award for entrepreneurs. The unique award makes a difference through the way it encourages entrepreneurial activity among those with potential, and recognizes the contribution of people who inspire others with their vision, leadership and achievement. As the first and only truly global award of its kind, Entrepreneur of the Year celebrates those who are building and leading successful, growing and dynamic businesses, recognizing them through regional, national and global awards programs in more than 140 cities in more than 50 countries.

About the Ernst & Young 
Ernst & Young is a global leader in assurance, tax, transaction and advisory services. Worldwide, our 141,000 people are united by our shared values and an unwavering commitment to quality. We make a difference by helping our people, our clients and our wider communities achieve their potential.

Ernst & Young refers to the global organization of member firms of Ernst & Young Global Limited, each of which is a separate legal entity. Ernst & Young LLP is a client-serving member firm of Ernst & Young Global Limited operating in the US. For more information about our organization, please visit www.ey.com