Case Study: Private Equity Investment Firm cuts 360 review costs by more than 50% with Explorance Blue 360 degree feedback

Blue 360 Degree Feedback Keeps Up with Investment Firm’s High Demands

Private Equity Investment Firm, a financial services company based in New York and London, needed a better way to run its annual 360 performance reviews as it grew quickly. Previous solutions were either difficult to use or too costly, and the firm wanted a more efficient process for reports and administration. It turned to Explorance and Blue 360 degree feedback.

Explorance provided a full-service solution covering hosting, data preparation, launch, management, and report production. The firm started with a 12-person test project and then ran a 100-person review at year-end, saving at least 50% on costs versus its previous outsourced approach while reducing manual work by at least one day per cycle. It also received more detailed, professional-looking reports and faster turnaround on advanced report requests.