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Foresight Benefits Advisors and Proposal Tech Sign Partnership Agreement

Foresight Benefits Advisors and Proposal Tech Sign Partnership Agreement










St. Louis, MO (PRWEB) September 29, 2004

Foresight Benefits Advisors, Inc., a leading benefits consulting firm, and Proposal Technologies Network, Inc., the trusted world leader in customized, Web-based eRFP and like services, have signed a partnership agreement that will combine their resources to deploy customized, Web-based eRFP solutions for Foresight’s clientele.

Under terms of the agreement, Foresight now has access to Proposal Tech’s complete suite of eRFP products. In addition, Foresight and Proposal Tech will work as partners in acquiring new business. Proposal Tech’s applications effectively enable organizations to distribute and manage complex eRFPs with a large number of service providers.

“Foresight and Proposal Tech will provide companies with a powerful combination of consulting experience and eRFP support software,” said Jeffrey Spencer, Proposal Tech President and CEO. “We can create efficiencies in the process helping consultants with the decision process and saving time and money on each project.”

“Foresight expended a great deal of effort parsing the options on eRFP capabilities and concluded that the best way to acquire and maintain state-of-the-art tools was to ally with a company specializing in the process--Proposal Technologies. Foresight has wed its deep understanding of the design, analysis, and goals of the RFP to Proposal Tech’s technologically superior regimen to create additional value for the plan sponsor,” said Michael Benoit, Foresight President and CEO.

About Foresight

Foresight Benefits Advisors, Inc. is a provider of health and welfare benefits consulting services located in St. Louis, Missouri. Foresight provides an array of consulting, auditing, procurement and actuarial services covering the design, implementation, communication and operation of health and welfare plans and process controls. Among others, Foresight provides the following services to its customers:

• Plan evaluation

• RFP design/administration

• Rate/benefits negotiation

• Contract management

• Financial analysis/reporting

• Strategy development/implementation

• Risk assessment    

• Disruption impacts

• Benefits benchmarking

• Carve-out evaluation

• Trend analysis/cost projections

• Plan management

• Claims and operations audits

• Actuarial services

About Proposal Tech

Proposal Tech, with headquarters in Irvine, CA, provides the first transaction-based, pure-Internet solution for RFPs. Its core product, ProposalLink, enables companies to create an Internet-based proposal system to automate all aspects of RFPs, from the RFP's creation, development, response, analysis, and final due diligence. The system enables electronic RFP processing and analysis via a Web-based interface that manages information exchange, proposal creation, quote requests, and other questionnaire documents. ProposalLink makes it possible for any number of service or product suppliers to prepare proposal documents, review and respond to questionnaire specifications, ask questions of and get clarification from buyers, and ultimately propose on the requests.

Note to editors: Proposal Tech and ProposalLink are trademarks or registered trademarks of Proposal Technologies Network, Inc. in the United States and other countries. All other product names and references contained herein remain the service marks, trademarks or registered trademarks of their respective owners.

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