The sourcing of IT systems and services is time taking and also a complex process. organizations are usually looking to reduce costs on new contracts so to maintain a balance between cost reduction and technology transformation. Acreaty management services has named among The to 10 Most Admired Corporate Recruitment Companies in 2018 with the promise of being best in IT consulting companies in India

1. Plan for the foundation for sourcing

To be at victory, an outsource service agreement has to improve the viable advantage of the organization. This could only be targeted if the strategic business objectives of the organization are identified and understood prior to initiating the sourcing process.

2. Developing a project team

Development of a project team may help in running a successful sourcing process, as it is time-consuming, resource intensive and intellectually demanding. Perfect project team structure, with the precondition level of central empowerment, needs to be put in place. 

3. Pre-contract due diligence

Pre-contract due diligence is the important introductory action that the organization needs to undertake for any sourcing program. For example, If suppliers are being asked to manage and transform an IT environment, they need to know the detail of that environment.

4. Contract negotiation

Proper negotiation on the terms and policies are required as the project is something where money and time both are invested and so to be on the safe side for both parties it is really important to discuss the contract negotiation so to be on the best part of a business. 

5. Planning for transition and transformation

The contractor should provide detailed changeover and conversion plans during the sourcing process and this should be looked over and agreed during the contract negotiations. The customer should make sure that plans are united with business requirements and that the plans are achievable and can be supported. The consumer should also make sure that their changeover responsibilities are visibly understood.

6. Developing an effective IT governance framework

Government policies are one of the main reasons why IT managed service or outsource contracts to succeed or fail. Good contract governance is about the delivery of business benefits, well-managed services, and a strong customer-supplier relationship. 

 The incorrect decisions during the procurement process can lay down the foundations for a contract burdened and cost escalation, Acreaty as being a topmost IT consulting companies in India delivers a further strategic system to sourcing which reliefs organizations from  common pitfalls and delivers a fit-for-purpose bond.