On-Demand Database helps match service provider, clients.
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Press Release Summary:
As Web-based data repository, DynamicRFI aggregates up-to-date information on service provider capabilities to help sourcing clients identify those that most appropriately match their needs. On-demand access promotes informed qualification decisions without requiring distribution and analysis of requests-for-information. Utilizing cloud-based application, database lets service providers manage their company information in real-time through secure and auditable Web portal.
Original Press Release:
TPI Launches On-Demand Database of Service Provider Capabilities
New 'DynamicRFI' system will expedite matching of service provider capabilities to client needs
STAMFORD, Conn.--TPI, an Information Services Group company (Nasdaq: III) and the largest sourcing data and advisory firm in the world, today announced a new Web-based information repository that aggregates up-to-date information on service provider capabilities to help sourcing clients identify the most appropriate providers for their needs.
The new tool, called DynamicRFI, will provide clients with ready access to match their service needs with robust information on key buying criteria such as service provider geographic footprint, services provided, and depth of experience with other clients in the same industry. On-demand access to the data repository will help clients make more informed qualification decisions without the labor-intensive process of distributing and analyzing their own request-for-information ("RFI").
"In an industry that is constantly changing through mergers and acquisitions, technology developments and dynamic client requirements, we believe that efficiently and effectively gathering, organizing and refreshing service provider capability information is critical to providing the knowledge-based insights our industry demands," said Kimberly Fey, Director of Sourcing Industry Relations, TPI.
DynamicRFI utilizes a Cloud-based application that allows service providers to manage their company information in real time through a secure and auditable Web portal, giving them a more effective mechanism to communicate their capabilities and reducing costs that are often incurred fulfilling multiple data requests. The tool enables clients to access up-to-date, fact-based comparative information on service providers, spanning the gamut from small, niche providers to multinational corporations.
"The development of DynamicRFI is the latest example of demonstrated TPI leadership in the sourcing industry by creating the most robust database of service provider capabilities information to improve the efficiency of the marketplace for both buyers and service providers," said Michael P. Connors, Chairman and CEO of ISG.
TPI will pilot this new technology in the Business Process Services (BPS) market and looks to expand across all service lines throughout 2011.
About TPI
TPI, an Information Services Group company (NASDAQ:III), is the founder and innovator of the sourcing advisory industry, and the largest sourcing data and advisory firm in the world. We are expert at a broad range of business support functions and related research methodologies. Utilizing deep functional domain expertise and extensive practical experience, our accomplished industry experts collaborate with organizations to help them advance their business operations through the best combination of business process improvement, shared services, outsourcing and offshoring. In 2010, the International Association of Outsourcing Professionals ranked TPI no. 1 in its Global Outsourcing 100: World's Best Outsourcing Advisors. For additional information, visit www.tpi.net.
About Information Services Group
Information Services Group (ISG) (NASDAQ:III) was founded in 2006 to build an industry-leading, high-growth, information-based services company by acquiring and growing businesses in advisory services, including strategy, implementation and management, and market information, including market measurement, analytics and related product and services. In November 2007, the company acquired TPI, the largest sourcing data and advisory firm in the world, and in January 2011, it acquired Compass, the premier independent global provider of business and information technology benchmarking, performance improvement, data and analytics services. Based in Stamford, Conn., ISG has a proven leadership team with global experience in information-based services and a track record of creating significant value for shareowners, clients and employees. For more, visit www.informationsg.com.
