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Aon Cornerstone Innovative Solutions and Prosidian Consulting Create Strategic Partnership
ProSidian Selected To Participate As A Member Of Aon Cornerstone Innovative Solutions Partnering Program
The Aon Cornerstone Initiative is an entrepreneurial growth strategy designed to deliver distinctive value to clients by developing relationships with minority-owned partners across the firm's three main business units: Aon Risk Services, Aon Benfield and Aon Consulting. ProSidian is a management and operations consulting firm with a reputation for its strong national practice spanning six solution areas including Risk Management, Compliance, Business Process, IT Effectiveness, Energy & Sustainability, and Talent Management.
ProSidian operates in the Tier 2 and Tier 3 category for Advisory, Administrative Management and General Management Consulting (NAICS 541611). Prosidian leverages “Experienced Only Resources” with cost Competitive Rates lower than Tier 1 Firms to tailor tailored solutions based on industry leading practices with direct Senior Leadership Involvement from start-to-finish.
Aon plc is the leading global provider of risk management, human resource consulting and outsourcing solutions. Aon Cornerstone unites the global risk management and human resource solutions of Aon with the local presence and functional knowledge of (MBE) to deliver distinctive value to clients. By partnering with Aon Cornerstone, ProSidian Consulting (while remaining independent)
By leveraging the specialized expertise, broad resources, global network, intellectual capital and best practices of the two firms, this partnership is positioned to deliver strategic, integrated strategies and solutions for managing risk and human resource demands while meeting important diversity and inclusion imperatives in an increasingly complex global environment.
Through this partnership, Aon Cornerstone will combine ProSidian Consulting and Aon’s highly complementary capabilities to deliver even more value to our clients, service providers and to the industry at large, including but not limited to Private Companies, Fortune 1,000 Enterprises, and Government Agencies of all sizes.
“We asked a great deal of information from Adrian Woolcock and the ProSidian Team as part of our careful due diligence process and are looking forward to capturing opportunities which leverage the combined AON/Prosidian Platform for focused efforts to make our partnership a success.” - Leonard E. McLaughlin (President – Aon Cornerstone Innovative Solutions).
Leading risk management and human capital solutions are driven through Aon’s ability to foster innovative response strategies within a framework of shifting market environments and emerging client needs. As a global organization that helps to further client goals across all industries, it is critical to stay ahead of the curve.
With $100 B diverse spend and growing (2010: 3500 companies surveyed, NMSDC), 1% professional services penetration (2010, NMSDC), and $44.5 B diverse spend invested by Billion Dollar Round Table (15 Fortune 500 companies = our clients), the Aon Cornerstone MWDBE partnering strategy helps meet Client Demand and reinforces The Aon plc competitive positioning in alliance with Cornerstone Partners to create a Win –Win Strategy in the markets we serve.
Adrian Woolcock, Managing Principal of ProSidian states, “At ProSidian Consulting, we place a high premium on teaming relationships with organizations who share our vision for providing value added services to clients in the industries we serve. We advocate for a Structured Approach To Strategic Solutions. To succeed, we bring together talented and committed people with diverse perspectives -- people who can challenge one another's thinking, people who collectively approach problems from multiple points of view to add value to our clients in the markets we serve.”
Moureen Smith, Operations Manager of ProSidian states, “We are proud to be selected as a new addition into the exclusive Aon Corporation network of partners seeking to care for existing clients’ needs while exploring new endeavors that would afford global corporations, Fortune 100 companies, and large public entity clients the opportunity to work with an experienced minority-owned firm, while simultaneously giving them the comfort of Aon’s extensive global network of resources, support and service.”
In 2009, Aon launched Aon Cornerstone Innovative Solutions, the industry’s only dedicated entity focused on diverse supplier relationships. The Aon Cornerstone Mission is to support clients’ diverse business strategies through high-value MWDBE collaborations powered by Aon’s risk management and human resource solutions. Aon’s Role is to facilitate strategic partnerships with clients, MWDBEs and colleagues to understand client needs and to source the right MWDBEs (such as ProSidian Consulting) based on client needs while acting as the ongoing liaison between client, colleague and MWDBE.
The impact of the Cornerstone Initiative will deliver client value I the markets we serve by providing quality-driven MWDBE solutions, expanding expand MWDBE footprint (foster access, visibility), and support community growth.
The Evolution of the Cornerstone Initiative has already created a best practice as a marketplace pioneer with knowledge, skills, past performance, and expertise in delivering a flexible MWDBE Network with broad industry capabilities maintaining local, regional, and national presence. Combined with thought Leadership spend models, strategic positioning, and forward-thinking joint ventures, Aon Cornerstone will combine ProSidian Consulting and Aon Corporation’
This accomplishment will enhance The Growth Opportunity for Prosidian Consulting to create sustainable advantage and serve as a Key Success Factor by building an engagement ecosystem that 1) develops and maintains a sustainable government client base (60% share of our intended target market), 2) grows a strategic presence in other market areas (Texas, Georgia, Florida, Maryland, Virginia), 3) increases service contracts for clients in the private sector (35% share of our intended target market) and other applicable sectors (i.e. Non-Profit - 5% share of our intended target market).