NelsonHall, the leading global Business Process Services (BPS) and IT Services (ITS) analyst firm, has today launched a new tool to assist strategic sourcing managers in assessing vendor capability in contingent workforce? management, known as Managed Service Program outsourcing (MSP).

This NelsonHall Vendor Evaluation & Assessment Tool (NEAT) 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 shows how MSP vendors are positioned overall, and within two distinct market segments (i.e. areas of focus designed to meet specific business requirements). These are Talent Management Focus and Multi-Country Focus.

MSP vendors covered by this NEAT are Advantage xPO, Alexander Mann Solutions, Allegis Global Solutions, Capita, DCR Workforce, Hudson, KellyOCG, Pontoon, Resource Solutions, Rethink Talent Management, TAPFIN, and Volt.

The NEAT tool for MSP 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 meet future client requirements".

The NEAT evaluations are based on a combination of interviews with the vendors and their clients. 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 MSP dataset to their specific requirements across 50 individual vendor evaluation criteria. Using the interactive web-based tool, sourcing managers can configure the NEAT evaluations according to their own priorities and business requirements for service offerings, delivery capability, customer presence, benefits achieved, and other criteria.