Vendor Management Systems (VMS)
A plug-and-play environment that ensures the most advanced automation of processes using vendor-agnostic VMS solutions.
VMS is an extension of our Master Services Provider offering and includes the same type of versatile, vendor-neutral design. We can implement VMS using our proprietary technology infrastructure, or we can leverage a solution through one of our many channel partnerships. Regardless of the infrastructure type, our VMS programs create a plug-and-play environment that’s easy to use and manage, saving you time and money.
Contingent workers
Through our VMS programs, you can monitor details such as sourcing, rate management, skill comparisons, on-boarding, off-boarding, pay structure, budget control, performance rating and compliance controls.
Tracking your contingent workforce data – including time, cost, compliance, quality and quantity metrics – helps accurately define which areas are successful and which areas need improvement. In addition, our easy-to-build, ad hoc reporting system lets you collaborate with other users without putting your data at risk, because the system filters each report by user.
Our platform also ensures compliance across the board by using automated systems to approve specific contract types, work extensions, timesheets and invoices. Not only can you incorporate corporate and governmental regulations into the VMS, but you can also monitor high-cost initiatives and talent requisitions, improving financial oversight. Compliance systems also help you preserve corporate identity and leverage your labor execution strategies on a single, global platform.
Our platform also ensures compliance across the board by using automated systems to approve specific contract types, work extensions, timesheets and invoices. Not only can you incorporate corporate and governmental regulations into the VMS, but you can also monitor high-cost initiatives and talent requisitions, improving financial oversight. Compliance systems also help you preserve corporate identity and leverage your labor execution strategies on a single, global platform.
Benefits of VMS contingent workforce management include:
- Automating and streamlining the requisition process, enhancing upplier connectivity and collaboration, and improving process standardization
- Enforcing budgets, calculating rates and volume discounts, regulating markups and overtime, and eliminating off-contract spending
- Utilizing consistent evaluations and a supplier scorecard
Project work
Our VMS programs help you handle sourcing, supplier comparisons, contractual processes, proposals, Statements of Work , budget control, performance rating, invoicing and payment, and financial reporting.
As a result, you can easily gauge a program’s performance and results. Was the engagement completed on time and in full? Did it meet the SLAs? Did the project stay within budget?
Comprehensive performance reports and evaluations can help guide the direction of future engagements, while providing documented information that won’t be lost with staff turnover or management changes. The system also calculates a variety of payment types to expedite a project, including deliverable-based, event-based, retainer fees, hourly rates, fixed or flat rates, project-based, and unit- or catalog-based.
Benefits of VMS project work management include:
- Systematic workflows to streamline project fulfillment processes
- Visibility into the entire organization’s outsourced service needs and usage
- Comprehensive reports to leverage best practices across the company
- Internal and governmental compliance controls
- Complex pay structure functionality