FAQ's
How do you get all the market information to prepare quality and price comparisons - in the UK and overseas?
Working with clients under NDA, we have conducted hundreds of data benchmarking exercises and therefore built an extensive database of price points. Feedback on data quality, coverage, and price from clients across all sectors is invaluable when advising others.
Why Do You Offer a Free Benchmarking Assessment?
This approach is really popular with our clients as there is little work required from them and the feedback they receive will either give the stamp of approval on pricing or highlight areas where savings can be made.
Are You an Accredited Third-Party?
PurplePatch renews its Hellios FSQS stage 2 qualification annually. This accreditation is a benchmark used by major banks and financial institutions when selecting suppliers, helping to mitigate third-party risk and adhere to regulatory requirements.
Can PurplePatch help us get the best price/deal if we stay with our current credit risk data supplier? And if so, how are PurplePatch rewarded?
If you are intending on remaining with your current credit data provider, but want to check you are being charged a fair rate/want to negotiate a better rate, PurplePatch will compare your pricing to our benchmarking database to ensure you are receiving a fair market price for the products and services supplied
Based on our advice and recommendations, and only when you receive a reduced rate for your renewal, a fee will be levied of 25% on any savings you make against your previous contract.
in the unlikely event that no savings are realised, the PurplePatch services rendered will be free of charge.