Pricing vendors need to consider a more pro-active dynamic with their customers to provide more transparency into the due diligence process
The pressure is on now more than ever to provide more transparency into the due diligence process. In fact, according to a new FTF News Survey sponsored by Thomson Reuters, nearly half (45.8%) of the respondents (including operations staff, pricing managers, treasurers, and Chief Risk Officers) cite transparency into the underlying information about the offerings of pricing vendors as their #1 concern.
Some key survey highlights:
- Clear evaluation process was cited as the top attribute of pricing vendors by 31.3% of survey respondents
- Top three drivers when assessing valuation and reference data
providers: 75% named data quality, 47.9% pointed to risk
management and 29.2% said cost cutting.
Pricing vendors need to do a better job proactively reaching out to their customers and pushing information to them rather than putting the onus on the client to pull down information.” – Jayme Fagas, head of evaluated pricing, Thomson Reuters