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Beating the Benchmark Clause

White Paper | Category:   Benchmarking  IT Infrastructure & Applications  Finance & Accounting Services...

Benchmark clauses have long been included in outsourcing contracts as a way to ensure the agreement remains competitive over time.  The clause, when written and executed properly, ensures that the vendor's services and price remain competitive over the term of the deal.  This allows for clients and vendors to sign longer term contracts, thereby creating greater relationship stability for both the client and the vendor.

When structured properly, a third-party clause provides clients with a unilateral right to test the contract against the market to ensure that it is competitive. A third-party benchmark clause, whether executed or not, helps to ensure the agreement remains competitive over time.

So what should be contained in a benchmark clause? This research paper includes considerations for benchmark best practices that have stood the test of time and are critical to vendors and clients alike. These recommendations based on Alsbridge's extensive experience will ensure a benchmark clause provides the upmost value.

3 Steps to a Faster, Better, Lower Cost IT Benchmark

White Paper | Category:   Benchmarking  IT Infrastructure & Applications  Outsourcing

It is important for IT leaders to have access to current market information in order to make informed business decisions on how to run their department and buy the products and services they need. Benchmarking is one of the best means to deliver such information, but has traditionally been an expensive, time consuming and painful endeavor. Not anymore!

ProBenchmark is able to deliver a faster, better IT benchmark at a fraction of the cost due to an innovative approach to using mathematical algorithms and automation in benchmarking , providing results in weeks as opposed to months. The mathematical algorithm is driven by a parametric modeling engine linked to a proprietary database with thousands of data points updated quarterly to reflect current market realities with results that are consistent and reliable.

This service offering has transformed the IT market by making information more readily available thereby creating a more efficient market and changing the way companies buy IT. Small and Medium Businesses (SMBs) that currently cannot afford a benchmark will be able to buy one, and larger companies that currently benchmark will do so more regularly.
ProBenchmark delivers a benchmark that is:

• Faster - 3 week IT benchmark
• Better - Exact scenario modeling
• Lower cost - 70% below current market rates

Are Benchmarking Clauses in Outsourcing Contracts Worth the Effort?

eNews | Category:   Benchmarking  IT Infrastructure & Applications  Finance & Accounting Services...

Anyone who has negotiated an outsourcing contract knows that one of the most contentious issues tends to be the benchmarking clause. How often should the price and service be benchmarked? By whom should it be done? Against what data should performance be compared? Who will pay for the market comparison?

Supersize Your ITO Benefits through Benchmarking

eNews | Category:   Benchmarking  IT Infrastructure & Applications  Outsourcing

With the shadow of the global economic crisis casting a pall over the global economy, virtually every corporation is struggling to find ways to streamline operations, cut cost and become more efficient. Many of the largest corporations continue to engage in outsourcing to reduce expenses and focus on core competencies.

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