Founded in 2000, Lonesource is one of the leading providers of spend management solutions that consolidate, standardize and simplify corporate spending. The company specializes in consulting, training and automation technology to help companies streamline internal controls and increase visibility. It also helps to decrease the hard and soft costs associated with processing, reconciling, tracking and reporting corporate transactions. Lonesource provides hosted and Web-based solutions for companies to optimize and manage spending across all corporate departments. The company develops and executes standardized processes, transaction management tools and training sessions. It serves the banking, finance, retail, automotive and industrial sectors. Lonesource additionally offers services to contract research organizations and pharmaceutical engineering and architectural firms.