BOSTON & LONDON & PARIS--(BUSINESS WIRE)--NelsonHall, the leading global BPS and IT services analyst firm, has today launched a new tool to assist strategic sourcing managers in assessing vendor capability in Health & Welfare (H&W) Benefits Administration services.
The NelsonHall Vendor Evaluation and Assessment Tool (NEAT) for H&W services is now available to NelsonHall clients, and is also available for a period free-of-charge to buy-side organizations through NelsonHall and through its partners SIG and SSON.
The tool covers a number of H&W business situations, including organizations seeking a strong focus on health insurance exchanges, H&W administration, and H&W service enhancement.
Suppliers of H&W services covered by this NEAT analysis include ADP, Aon Hewitt, Businessolver, Ceridian, Empyrean, Fidelity, Mercer, Morneau Shepell, Secova, Towers Watson, WageWorks, Xerox Services.
The NelsonHall NEAT tool for H&W services is part of NelsonHall’s “Speed-to-Source” initiative. The tool sits at the front-end of the vendor screening process and consists of a two-axis model: assessing vendors against their “ability to deliver immediate benefit” to buy-side organizations and their “ability to deliver innovation in support of client-specific requirements”.
The vendors are scored against a wide range of criteria, establishing a number of scenarios, each representing a different business situation or client business need.
To add further value, the NEAT tool enables buy-side organizations to input their own weightings and tailor the H&W services dataset to their specific requirements across over 40 individual vendor evaluation criteria. Using the interactive web-based tool, sourcing managers can configure the H&W services NEAT evaluations in accordance with their own priorities and business requirements for service offerings, benefits, delivery capability and other criteria.
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About NelsonHall:
NelsonHall is the leading BPS and IT services research firm with analysts in the U.S., U.K., and Continental Europe. The company takes a global approach to analysis of vendors and outsourcing markets and is widely respected for the quality and depth of its research.
In addition, with its “Speed-to-Source” initiative, NelsonHall is helping buy-side organizations significantly reduce the time and cost associated with BPS and ITS sourcing projects.