Vendor Renewal Evaluation Support

We at **Innovecture** are hiring for **"Vendor Renewal Evaluation Support****"** to expand our team, this is a Remote role. You will work across various Innovecture and client teams and apply your technical expertise to some of the most complex and challenging technology problems.

About **Innovecture:**

Founded in 2007 under the leadership of CEO Shreyas Kamat, Innovecture LLC, began as a U.S.\-based Information Technology and Management Consulting Company focusing on technology consulting and services. With international development centers located in Salt Lake City, USA, and Pune, India, Innovecture leverages its Global Agile Delivery Model to effectively deliver client projects within budget scope and project deadline. The primary focus of Innovecture is to provide a unique wealth of expertise and experience to the IT and Management Consulting realm by utilizing various technologies across multiple industry domains. Innovecture uses best\-in\-class design processes and top\-quality talent to ensure the highest quality deliverables. With innovation embedded in its consulting and services approach, Innovecture will continue to deliver outstanding results for its Fortune 500 clients and employees.

• *Overview**

Tech team is seeking an experienced consultant to support the evaluation of vendor renewal options for a strategic platform decision. The consultant will work closely with internal stakeholders and external vendors/suppliers to assess renewal paths, shape the decision framework, and support leadership in selecting the best future\-state option.

• *Engagement Objective**

Support a structured review of supplier renewal and future platform direction through analysis of commercial, operational, delivery, and strategic considerations.

• *Scope of Work**

The consultant will be expected to support the following workstreams

• Option analysis across commercial, operational, and delivery impact

• Buy\-out assessment , including product and company buy\-out possibilities

• Alternative vendor analysis , benchmarking viable vendors on capability, risk, cost, and maturity, starting with an RFI

• Existing supplier negotiation approach, including commercial levers, decision points, BATNA, and dry\-run preparation

• Future\-state evaluation comparing internal tech products tools – and as well as Build\-Operate\-Transfer (BOT) option

• *Key Responsibilities**
• Facilitate working sessions with internal stakeholders, including business, architects, TPMs, and core workstream members

• Coordinate and synthesize inputs from external vendors/suppliers

• Build structured comparison frameworks and decision papers

• Support commercial and strategic discussions with the vendor

• Assist in preparing materials for SteerCo review and leadership decision\-making

• *Required Experience**
• Strong experience in vendor strategy, sourcing, platform renewal, and commercial negotiation

• Proven ability to work across business and technology stakeholders

• Strong analytical, communication, and presentation skills

• Prior experience in India health insurance domain is mandatory

• *Preferred Experience**
• Exposure to platform transition programs and vendor exit/renewal scenarios

• Experience with buy\-out models and build/operate/transfer structures

• Familiarity with India insurance ecosystem, vendors, and operating models

• *Desired Profile**

A senior consultant or advisor with strong domain knowledge, structured thinking, and the ability to operate as a trusted partner to both business and technology leadership