Alsbridge's benchmarking team provides clients the industry's fastest, most accurate and cost effective solution for price benchmarks, cost benchmarks, performance benchmarks and contract benchmarks. Founded by leading executives from legacy benchmarking firms, our benchmarking team set out with the goal of redefining benchmarking by creating patent-pending, parametric models to provide accurate, reliable results that allow clients to rapidly make fact-based decisions. With deep databases of information across functional areas and industry verticals, our benchmarking team provides IT, finance and sourcing executives with the insight they need to make informed business decisions.
Alsbridge can deliver a benchmark in weeks instead of months, with relevant data modeled to the client's scenario, at as much as 70% below the market cost for a benchmark.
- Price benchmarks provide clients real-time data on the market price for products and services modeled to the type, quantity and quality of the service or product you are interested in buying
- Cost benchmarks provide clients insight into how their cost of operations compare to similar organizations
- Performance benchmarks enable clients to compare the KPIs of their functions, processes and services to those of other similar companies or similar contracts
- Contract benchmarks provide clients with insight into whether their terms, conditions and SLAs are market-standard
Alsbridge has been advising clients on sourcing transactions and internal operational transformation for 10+ years over which time we have collected data from thousands of engagements across our outsourcing, insourcing, cloud sourcing, shared services, network services and hardware-software practice groups. Our benchmarking databases are updated real-time week over week throughout the year and can be sorted and searched to provide price, cost, performance and contract terms across different industries, geographies, vendors/providers/carriers, technologies, contract scope and scale. Not only do we have broader and deeper databases than other benchmarking firms, the mathematical algorithms we employ turn the data into relevant information. Unlike other benchmarks that rely on individual peers, our parametric modeling techniques allow us to quickly calibrate our models to keep them current and accurate. Once calibrated, our models can then predict price across a wide range of price points and configurations.
Our benchmarking methodology ensures consistent outcomes for each Alsbridge client. Our benchmarking service utilizes a mathematical algorithm driven by a parametric modeling engine linked to a proprietary database with hundreds of thousands of data points updated weekly to reflect current market realities. This automated, scientific platform provides a repeatable and consistent single version of reality eliminating subjectivity while providing significantly greater reliability of results. Clients can be assured that results from one benchmark to another will be fully comparable. Consistency, in turn, allows the results to be used for predictive purposes and "what-if" modeling. A nearly infinite number of scenarios can be created, with all calculations, algorithms, and data access being conducted against the massive database. The server model alone generates more than a trillion unique scenarios from its 61 inputs.
Alsbridge's benchmarking team averages 20+ years of experience primarily with the legacy benchmarking companies. They have domain knowledge of the functions, processes, services and products being benchmarked coupled with extensive experience in benchmarking best practices. Every client receives a team of benchmarking experts with deep experience in their industry vertical and subject matter expertise in the function/product being benchmarked. Every one of our benchmarking experts has received comprehensive training in the use of our methodology, tools and templates and is required to contribute back to our knowledge repository to ensure continuous improvement of best practices.
The Alsbridge Difference
In legacy benchmarking so much effort is spent on getting to the right number, rather than understanding "why" and working to fix the barriers for success. At Alsbridge, we give our clients more than a benchmark. We provide them:
- The information to decide on a course of action
- The ability to implement that decision
- The framework to get the value from that decision
Contact us today to learn more about how Alsbridge can help you achieve your objectives.
"Alsbridge brings experience and independent challenge to the strategic decision and business case development process that is invaluable to any senior leadership team." â€“GUY COWAN, FORMER CFO, SHELL OIL