Vendor Evaluation

Making the right decision when selecting a third party solution or product is vital, especially when that external component is to support a key business or operational need.

How can Accourt help?

Accourt is entirely product and vendor independent. Our unrivalled, current knowledge and experience of vendors and their solutions across key areas in the payments market, combined with a best-in-class and trusted solution analysis, evaluation and selection model and methodology, enables us to support clients to understand the potential solution landscape and then make a thoroughly objective procurement decision if and when appropriate.

This model and methodology incorporates robust, balanced and objective Request for Information (RFI), Request for Proposal (RFP) and Invitation to Tender (ITT) approaches.

Examples of Services for Corporates:

Commercial Payments VALUE ACCELERATOR™
As part of this service Accourt provides to corporates market intelligence, guidance and advice on the optimisation of relations with vendors, providing a roadmap to derive more value from your incumbent card provider and transforming your relationship with your suppliers to a strategic partnership.

You may discover more about Accourt’s Commercial Payments VALUE ACCELERATOR™ in this publication

Case-study

A Fortune-500 company wasn’t satisfied with the performance of their commercial card payments programme. During the assignment Accourt offered a workshop on economics of the card payments business, assessed current programme and benchmarked the contract terms and programme structure to the best practices.

By understanding the gaps to benchmark performance, areas for the programme improvement were determined with the best financial impact. Guidance on existing programme contract terms with the vendors was offered, as well as advice on negotiating and transforming relations with the vendors to enhance a strategic partnership.

Examples of Services for Payment Systems:

For a global Multi-Channel Payments Acquirer – supported the client to identify, analyse, evaluate and select appropriate vendor(s) and product set(s) to replace its existing fraud detection and management service. This initiative involved a number of aspects including detailed support to design and execute a formal and robust tender process.

Why Choose Accourt

We have a team of high calibre individuals who have successfully managed numerous Regulatory and Payment Scheme applications for organisations wishing to apply for full banking, electronic money and PI licences. Our seasoned experts have both the relevant IP, hands-on experience and operational know-how to ensure successful applications.

Strategic Expertise

Whether it’s helping organisations set strategic direction or review market opportunities, Accourt brings a wealth of experience and subject matter expertise to the payments space. One of the key differentiators at Accourt in assisting the payments industry with setting strategic direction is the strong subject matter expertise and practical operational know-how gained through deep managerial experience and P&L management.

Market Knowledge

Accourt brings real market knowledge across the payments value chain including providing organisations with market in-sights as well as assisting organisations to move into parallel markets or extending their current product set to address market segments previously underserved. At Accourt we pride ourselves on having the in-market geographic intimacy and breath of product expertise to assist in organising and implementing effective market entry plans  to achieve agreed business goals.

Delivery

Accourt has built a reputation around its strong delivery capability, this has been achieved through marrying our subject matter expertise with proven project and programme management to deliver the desired client outcome. From product/vendor selection right through to programme delivery and business as usual, Accourt has the skills and knowledge to de risk and underwrite the success of projects in the payments industry.

Operational Effectiveness

Accourt assists clients with improving their operational effectiveness through cost reduction, streamlined processes and improved revenue contribution. Whether it’s benchmarking current performance against best in class or looking to reduce cost through operational efficiencies, Accourt has a wealth of operational expertise, performance data and proven processes to help organisations achieve their business goals.