AMCs offer a wide array of benefits and advantages, including:
Operational and Staffing Benefits:
- Customized staff and services
- Broad spectrum of expertise
- Day-to-day and ongoing staff management
- Improved staffing and resource allocation
- Proven best management practices and best-of-class resources and technologies
Financial/Business Benefits:
- Efficiencies derived from leveraging shared resources
- Improved buying power
- Reduced business risks
Long-Term Benefits:
- Greater member satisfaction resulting from the professionalism and responsiveness of staff
- Freedom from daily operations that allows Boards to maintain their focus on mission and strategy
- Integration of innovative strategies and ideas
- Scalability to accommodate organization growth or contraction over time
Source: AMC Institute