BPO and outsourcing analyst firm NelsonHall has rolled out a new tool that will help strategic sourcing managers to evaluate vendor ability in wealth & asset management services.
The tool, known as NelsonHall Vendor Evaluation & Assessment Tool (NEAT), will be available to NelsonHall clients as well as buy-side organizations for a period at no cost through NelsonHall and its partners SIG and SSON.
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NEAT will demonstrate how vendors are positioned in terms of their ability to deliver wealth & asset management services as well as in three market segments including pre-investment, post-investment, and admin & support.
NelsonHall in a statement said that NEAT, which sits at the front-end of the vendor screening process, includes two-axis model that evaluates vendors against their ability to deliver benefit to buy-side organizations and to meet future client requirements.
Using this interactive web-based tool, buy-side organizations can input their own weightings and tailor the wealth & asset management services dataset to their specific needs across 30 individual vendor evaluation criteria.
This offering will also allow sourcing managers to configure the NEAT evaluations based on their business requirements for service offerings, delivery capability, customer presence, benefits achieved, and other criteria.
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