Rm Regulatory News (RM.)

1 Jun 2009 07:00

 1 June 2009

RM enters strategic outsourcing partnership with ACCA

RM has been awarded a contract to provide an outsourced e-Marking solution to ACCA (the Association of Chartered Certified Accountants). The five-year agreement, which will ultimately result in all of ACCA's accountancy and finance qualifications being marked automatically or on screen, is expected to be worth up to £9m to RM.

The solution, which has been designed to meet ACCA's specific requirements, is built around RM's innovative scoris® e-Marking system. It includes scanning and electronic distribution of written examination papers, a sophisticated computer-based marking application for ACCA's examiners, automatic marking of multiple-choice examinations, and electronic return of marks, all controlled by a sophisticated workflow system.

Terry Sweeney, Chief Executive of RM, said:

"Working with one of the world's leading providers of professional qualifications is a great opportunity for RM Assessment. We are looking forward to helping ACCA provide an even better service for their students.

"This partnership with the ACCA is a significant development for our e-Marking business. Over the last five years, RM Assessment has developed world-class expertise in e-Marking services. This agreement shows that the solutions that we provide are as relevant to providers of professional qualifications as they are to school examination boards."

Clare Minchington, Executive Director - Learning & Customer Service at ACCA, said: 

"We are delighted to be working with RM on this new venture. We believe that this contract will enable ACCA to continue to provide the level of quality of service to its growing global student population. Some of the immediate benefits include: access to an international pool of markers to better reflect the global nature of ACCA; a significant reduction in our carbon footprint due to the reduction in freight as well as a considerable reduction in the level of risk faced during transportation of exam scripts."

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