By Emily Greenhalgh
PBN Web Editor
PROVIDENCE – IT-services company Cloud Silver Lining has announced its new CSL Gainsharing program, a pay-for-performance program that rewards clients while lowers out-of-pocket risk.
This pay-for-performance contractual model promotes a unified agenda, shared goals, and shared accountability with clients by focusing on realistic and measurable outcomes that financially reward both customers and CSL for achieving cost savings or increased performance, according to a company release.
“GainSharing benefits both clients and CSL by sharing the financial rewards of lowering costs or increasing efficiencies. CSL has grown by advocating for clients, and our CSL GainSharing model will further bolster this success,” Chris DelVecchio, vice president of client services, said in prepared remarks.
“In these times of intense corporate fiscal responsibility, CSL is well positioned to continue driving unparalleled value for our clients,” added DelVecchio.
According to a release, the CSL Gainsharing contractual model is designed to promote financial management, increased accountability, clearly defined performance metrics, a unified agenda and shared financial rewards.
“In a GainSharing contract, CSL and its clients set a target performance goal and agree to a dollar value savings or benefit equivalent. When the target is reached, CSL and the client share a predetermined percentage of the financial reward. CSL does not profit until financial benefits are realized, reducing the client's out-of-pocket risk,” said the release.