Vendor Management Solution

A Vendor Management Solution (VMS) is a technology driven management tool designed for clients who recognized that centralized procurement of staffing services can result in demonstrated efficiencies, cost savings, and increased reporting capabilities.

Through the VMS platform, multiple staffing firms in specific specialized sectors work on your vacancies simultaneously. You realize higher vacancy fill rates and shorter time to fill cycles.

Additionally, the VMS can capture, manage, and deliver information to your managers that allow them to analyze and control their headcount and spend. What once was a series of complex and time-consuming HR related administrative tasks can now be delivered on-demand through a powerful reporting feature that provides you with critical human capital analysis, financial data, and performance measurements.

The VMS is ideal for organizations with historically high volume spend and/or vacancies. It works equally as well with organizations using outsourced staffing resources for multiple departments or locations. The results achieved when implementing a VMS are:

• Overall HR cost containment
• Reduction in contingent labor spend
• HR spending management
• Visibility and cost control over unbudgeted HR spending
• Streamlined job requisition approval workflow
• Reduced time-to-fill cycle times
• Bill rate standardization/management
• Optimization of HR supplier base
• Consolidated HR services invoicing
• Improved security and asset management
• Availability of HR vendor performance metrics