Vendor Search Services and Vendor Databases

The complexities of the life insurance business, and best practices, demand that the services and/or technologies you acquire meet your stringent functional, technical and financial requirements.

Whether you’re assessing/acquiring outsourcing services (tactical or end-to-end business process outsourcing [BPO]), or a specific technology (via software licencing or Software as a Service – SaaS), M.A. Nurse & Associates will help you navigate the vendor marketplace and shrink the time frame between identifying and filling your business needs with its:

  • North American Vendor Databases
  • Vendor-Sourcing Tools and Processes
  • Project Management Expertise

And if you need preliminary work done on an anonymous basis, we can make that happen.

North American Vendor Databases

  1. Policy Administration Systems:  North American providers, including those with Canadian installations, SaaS options, and data centre location(s),
  2. Business Process Outsourcing (BPO):  North American providers, including those with Canadian clients,
  3. Straight-Through Processing for New Business (under development):  Our focus is on technology and/or service providers whose offering contributes to the automation of the new business process in a ‘direct to consumer’ model.

Vendor-Sourcing Tools and Processes

M.A. Nurse & Associates uses proven Expression of Interest (EOI), Request for Information (RFI) and Request for Proposals (RFP) so you can arrive at the best decision for your organization. A typical vendor search engagement covers a 4 month time-frame, and we will help you:

  • Crystallize your thinking around strategic options
  • Assist in developing a requirements document
  • Review the marketplace to find your “best-fit” vendors
  • Short-list and evaluate vendors
  • Arrange demonstrations and/or site visits
  • Check references
  • Make your final decision

Project Management for System/Service Implementation

When your decision has been made and you require implementation assistance, we will:

  • Work with the vendor to develop an implementation plan & schedule that makes sense for your organization
  • Assume the (client-side) lead Project Manager role for start to finish implementation

Note that Microsoft Word and Excel are generally used for documentation purposes (in lieu of Microsoft Project)

 

Contact Mike or read more about what M.A. Nurse and Associates does.