Benchmarking: A Primary Tool for Governance Processes
As each transaction progresses, there is a risk that it becomes uncompetitive over time, or no longer meets business needs. Our benchmarks are designed to not only confirm price competitiveness, but also to ensure business alignment and prevent value leakage. Clients that adopt our benchmarking tools and methods create sustainable relationship throughout the life of their transaction, with an established program for continuous improvement.
- Confirm market competitiveness of in-progress transactions
- Execute the third-party benchmark clause
- Evaluate the relationship. Compare operations and governance against best practices
- Ensure services remain competitive over time
ProBenchmark provides the following services for your existing agreement:
Self-Directed
Direct access to ProBenchmark´s online price modeling engine to test
contract prices to market over the life of your agreement.
Advisory & Project-Based Services
Cost-effective benchmarks designed to rapidly test market prices, individually
configured to support your specific needs
360 degree review of your agreement, including operational effectiveness,
cultural alignment and price performance.