Press Release Summary:
Market Reality Assessment(TM) (MRA) v2.0 is designed to help companies identify and develop action plans around improving their outsourcing relationship. It can measure quality of relationship and contract, measure negotiation or re-negotiation progress, identify critical contract and relationship gaps, and define improvement gaps and opportunities. MRA is also used to reduce negotiation cycle times, or avoid unwanted termination costs by focusing on true issues.
Original Press Release:
Alsbridge Announces Version 2.0 of Market Reality Assessment(TM) Service Plus Free Online Benchmarking Tool
Free online survey for buyers helps plot existing outsourcing contracts against industry norms
DALLAS, July 9 / -- Alsbridge, Inc. research shows that between 40 percent and 70 percent of value may be lost due to unsustainable contract terms and poor relationship management. Hidden issues such as role instability and misinterpretation of outdated contracts among other issues can result in serious shortfalls in expectations and value loss.
To combat this value leakage, Alsbridge has introduced a unique benchmarking service, called the Market Reality Assessment (MRA), to help companies identify and develop action plans around improving their outsourcing relationship. The MRA can measure the quality of the relationship and contract, measure negotiation or re-negotiation progress, identify critical contract and relationship gaps, and define improvement gaps and opportunities. The MRA also is used to reduce negotiation cycle times, or avoid unwanted termination costs by focusing on true issues.
"Relationship management and contract benchmarking are the prime directives of most companies trying to improve their outsourcing strategies," says Ben Trowbridge, CEO of Alsbridge. "The MRA services help quantify and give focus to areas that need improvement in order to maximize the value for both the buyer and the provider."
The MRA services are currently available in three formats. MRA Option One is a free online survey assessment. Qualified participants can evaluate existing contracts against the Alsbridge landing zone benchmark. MRA Option Two adds analysis to the survey that provides 10 key improvement recommendations. MRA Option Three is a custom benchmark of your contract, relying on the MRA survey tools as well as additional consulting and analysis by an Alsbridge consulting team.
The Alsbridge Market Reality Assessment(TM) (MRA) is based on a rigorous assessment of over 300 outsourcing transactions. It provides an objective, fact-based way to objectively quantify the features of an outsourcing relationship that make it successful. The MRA, which can be used in both contract development and to assess existing contracts, generates a dashboard that enables client executives to quickly understand and focus on the key areas of their contract and relationship that need improvement.
To learn more about the Alsbridge Market Reality Assessment and contracting best practices, visit http://outsourcingleadership.com/mrasurvey.html
Alsbridge is the award winning global advisory firm, providing unbiased advice and assistance on outsourcing, shared services and offshoring. Alsbridge consultants bring extensive vertical industry expertise and a practical knowledge of all areas within information technology and business process outsourcing. The firm's proven methodology incorporates proprietary collaborative sessions, bringing together executive teams from both the client and the provider in an environment that fosters collaboration. Alsbridge supports its recommendations and assistance through significant investments in proprietary benchmarking and ongoing research within the industry. For more information, visit http://www.alsbridge.com/.
Reader Contact Information:
3535 Travis Street Suite 105 Dallas, TX 75204
Tel: +1 214 696 6410, Fax: +1 214 239 0698, EnquiryUSA@alsbridge.com,
Source: Alsbridge, Inc.
CONTACT: Jeff Anderson of Alsbridge, +1-214-696-6410, email@example.com;
Web site: http://www.alsbridge.com/