openPR Logo
Press release

Alsbridge Releases Study on the Current State of Price Benchmarking Based on a Survey of 664 Global Respondents

10-01-2013 06:43 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Alsbridge, Inc.

ALSBRIDGE

ALSBRIDGE

Price benchmarking of IT and business process services provide several benefits to companies who choose to take more of a “profit center” vs. “cost center” approach, according Alsbridge Inc., a benchmarking, sourcing and transformation advisory firm. Alsbridge today released the results of 2013 price benchmarking survey the firm conducted earlier this year, in its report -2013 State of Price Benchmarking, providing insight into the current state of IT and business process price benchmarking on a global basis.

2013 State of Price Benchmarking, is a result of survey conducted amongst over 664 sourcing buyers, providers, and consultants from global companies. The report reveals an in-depth analysis of:

• The history of price benchmarking
• The need for benchmarking
• Types of benchmarks and best practices
• Major findings of the study
• Benchmarking benefits

Over 80% of companies engage in outsourcing to reduce expenses, gain access to variable resources, increase time-to-market and focus on core competencies, says report.

“With the global economic crisis still in recovery, today’s business leaders remain challenged to “do more with less” by seeking ways to streamline operations, cut cost and become more efficient,” explains Alsbridge CEO, Chip Wagner.

Alsbridge's research reveals that the total 2013 global outsourcing market is nearly $1 Trillion with approximately two-thirds in Information Technology Outsourcing (ITO) and one-third in Business Process Outsourcing (BPO). The percentage of IT services currently provided by third parties, including outsourcers and cloud providers, increased slightly to 25%, up from 23% last year and 22% two years ago. This figure is expected to climb to 37% within the next 3-5 years

“As the global economic recovery continues, IT and business process budgets continue to grow, but slowly.” Wagner said. “The magnitude of outsourcing spend is enormous and vitally important to companies as part of their overall management strategy,”

Access the complete report 2013 State of Price Benchmarking.

About Alsbridge Inc.

Alsbridge is a global consulting firm that provides data-driven sourcing advisory and benchmarking services for IT, Finance and Sourcing executives. We’ve helped hundreds of companies reduce costs and get more value from their vendors. Our experienced consultants leverage proprietary tools and information databases to identify and engage the optimal vendors for your situation, negotiate best practice terms at fair market prices, and improve the way you work with your vendors. Alsbridge clients utilize the most cost effective and value added sources globally for IT infrastructure services, hardware and maintenance, network services, software and maintenance, application support and development, business processes and cloud services. Alsbridge was ranked the #1 outsourcing advisor in the world by the International Association of Outsourcing Professionals (IAOP) based on the value delivered to clients. This commitment to delivering value to our clients has made Alsbridge a distinguished member of the 2010 Inc. 500 fastest growing privately held companies in America.

EDITORS/WRITERS: Journalists interested in covering the topic or interviewing one of our SMEs, please contact:

Scott Tims
Office: 214-378-7970 ext. 278
stims@thepointgroup.com
www.alsbridge.com

3535 Travis St. Suite 105, Dallas, Texas, 75204

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Alsbridge Releases Study on the Current State of Price Benchmarking Based on a Survey of 664 Global Respondents here

News-ID: 271859 • Views: 3495

More Releases from Alsbridge, Inc.

To Achieve Maximum SIP Value, Move Beyond SIP Trunking, Recommends Alsbridge
Award winning benchmarking, sourcing and transformation advisory firm, Alsbridge Inc., today released a report To Achieve Maximum SIP Value, Move Beyond SIP Trunking, discussing why enterprises fail to harness the full value of Session Initiation Protocol (SIP), in spite of it being considered an extremely powerful communications enabler. Session Initiation Protocol is becoming an increasingly ubiquitous game-changer for businesses. Yet, many enterprises that have already deployed SIP, and many others
Alsbridge and Lincoln Financial to Co-present Their Outsourcing 2.0 Success Stor …
Alsbridge will share its own experience of how it helped Lincoln Financial create a successful outsourcing 2.0 strategy in less than 12 months, announced the benchmarking, sourcing and transformation advisory firm. Randy Vetter, director at Alsbridge along with Ron Reed, head of IT, Lincoln Financial Group, will co-present an eSeminar Outsourcing 2.0: A Lincoln Financial Group Case Study on October 24, 2013, 1:00 PM -2:00 PM ET. Alsbridge research shows
Alsbridge Inc. Sponsors the ADP Seventh Annual Charity Golf Outing, Supporting A …
Alsbridge, Inc., will sponsor the ADP Seventh Annual Charity Golf Outing, supporting the American Heart Association’s drive against heart disease, announced the benchmarking, sourcing and transformation advisory firm today. The charitable event will be held on October 10, 2013, at the Knolls Country Club, Boonton, NJ. Alsbridge has decided to be the Gold Sponsor for the 7th Annual Charity Golf Outing, hosted by ADP Associates to support the American Heart Association's
Alsbridge’s New Report Reveals Six Keys to Success in a Multi-Sourced Ecosyste …
A new report from award winning benchmarking, sourcing and transformation advisory firm, Alsbridge, Inc., reveals the six key areas needed to achieve a multi-sourcing strategy that is both productive from the start and sustainable into the future. Embarking on a new sourcing relationship is a more complex endeavor than ever before. There was once a time when cost savings was the singular focus of a sourcing strategy. However, the focus today

All 5 Releases


More Releases for Alsbridge

Alsbridge Reveals the Pros and Cons of Microsoft Lync
Award winning benchmarking, sourcing and transformation advisory firm, Alsbridge, releases a report, Pros and Cons of Microsoft Lync, offering a guide to enterprises to facilitate the decision to utilize Microsoft Lync as an enterprise telephony communication application. The consideration and potential use of Microsoft Lync for telephony and unified communications is thought to be a passionate topic inside enterprises today. The most common challenges faced by infrastructure groups today include; desktop,
Alsbridge Advises Moving Beyond SIP Trunking to Maximize SIP Value
Award winning benchmarking, sourcing and transformation and network advisory firm, Alsbridge, Inc., today released a new report – “To Achieve Maximum SIP Value, Move Beyond SIP Trunking,” elaborating why today’s enterprises need to move beyond carrier’s trunks and begin developing and implementing their SIP strategy through SIP Version 2. As per Alsbridge’s research, organizations taking the SIP Version 2 transformational approach versus typical SIP trunking, experience monumental savings of
Alsbridge Inc., releases new report on Sourcing Strategy Check-up: The Need for …
Leading global sourcing advisory and benchmarking firm, Alsbridge Inc. today announced a new report which reveals how re-evaluating the sourcing strategy may be beneficial for both the customer and the provider, and some key points that need to be considered while doing so. When an organization decides to outsource their IT and the initial mandate for change comes down, the senior management team often with the assistance of a third
Alsbridge, Inc. Ranked World’s Best Outsourcing Advisor, Third Consecutive Yea …
(DALLAS, Texas) July 11, 2012 - Award-winning sourcing advisory and benchmarking firm, Alsbridge, Inc., today announced they were once again named to the list of World’s Best Outsourcing Advisors for the third consecutive year. The annual ranking is based on a number of categories including global presence, annual growth, customer reference and a demonstrated ability to meet their customers’ needs. Alsbridge is a leader the sourcing consulting market in
Alsbridge Expands Sourcing Advisory and Benchmarking Services for the CIO and CF …
Today, CIOs and CFOs rely more heavily than ever on a wide variety of vendors. However, the vendor landscape and market of products and services are changing at a rapid pace due to globalization and emerging technologies. “Finding the right vendor and getting a fair market price for a single product or service is difficult enough. But when you have interdependencies between your vendor relationships and
Alsbridge Shares How to Successfully Contract ITO in the Cloud
– Alsbridge Inc. CEO Ben Trowbridge says a good outsourcing contract is one that is fair and sustainable between supplier and customer, and based on trust and partnership throughout the contracting process and beyond. “Contracts have to stand the test of time and that rule of thumb is no different for cloud-based ITO agreements,” Trowbridge says. “However,” continues Trowbridge, “the difference with cloud is the commercial and business model within