Like a good chess game, outsource contract renewal should be approached with boldness and a reminder that defense is not an opening strategy. Re-tendering is the perfect opportunity to transform a firm’s business model. Walking into the contact negations game with little more than the desire to reduce or maintain costs is an opportunity lost. As the outsourcing pieces move around the board, new opportunities open up. In the investment accounting outsourcing space, dealing with the records supporting the front office, there have been significant changes. Client reporting and performance are examples of services which have matured to an extent where serious reconsideration should be given if not already outsourced.