SPY Index™
With a 98% success rate, it's not luck, it's knowledge
RampRate's Service Provider Intelligence Index (SPY Index™) is a robust database application drawing on five key information sources - transactional data, industry research, vendor self-descriptions, customer interviews, and cultural fit assessments - to match our client with the right vendor every time. That is why over 98% of our transactions make it through to the close of the contract.
RampRate Client Engagement analysts use the SPY Index™ to:
- Accelerate and clarify complex outsourcing decisions
- Build current market benchmarks on pricing, service levels, and contract terms
- Match client needs to vendor capabilities
- Improve the quality of relationships between clients and vendors
The SPY Index™ captures real-time data and analyzes historical information from five separate categories:
1. RampRate's Historical Data: More than 240 multi-quote transactions in 3 years and thousands of RFP responses
- Empirical information based on experience
- Ability to meet client needs
- Business term flexibility
- Pricing analysis
2. Analyst 'Research-View': Industry trends, best practices, and vendor ratings
- Financial stability and M&A analysis
- Value-added services and advanced features
- IT industry trends
3. Vendor Capabilities: Services data, list prices and actual quotes
- Up-to-date information about each product / service offered
- Vendors update RampRate at least once per quarter
- Specific financial, customer satisfaction, and business metrics accounted for in the SPY Index™
4. Customer Experience: Primary research on customer satisfaction
- Reference checks with current and former customers
- Overall experience
- Reason for renewing/cancellation/termination
- Perception of value
5. Cultural Compatibility: Cultural fit matching of clients and vendors
- Psychometric compatibility on client-vendor relationships
- Overall cultural fit
Clients, vendors, and other users of IT services are welcome to participate in the SPY Index™. Please contact us to include your preferences, usage, and priorities.
Sample SPY Index™ Score Sheet
Find out how we leverage the SPY Index™ to help you make informed strategic decisions on IT outsourcing procurement and lifecycle management.