Finding the Right Vendor Management System for Your Workforce Needs
In the world of contingent labor, the utilization of the right vendor management system (VMS) can make a huge difference in the effectiveness of your recruiting and workforce programs. As technology within the industry has continued to evolve in recent years, today’s VMS platforms are integrated with functionalities that can remove many of the pain points and complexities from overall talent management. Not only can VMS systems facilitate critical applicant tracking, hiring, and onboarding efforts, but they can also support timekeeping, compliance, and remittance processes.
Our team at Broadleaf understands that selecting the right VMS platform is critically important to supporting your labor needs and bringing value to your workforce. From system flexibility and compliance management to data reporting and integration with existing technology, there are several factors that will play into your final decision.
To help educate your business on selecting the proper VMS for your workforce needs, we developed a list of the top third-party platforms on the market. Here are our findings, ranked in alphabetical order:
The Extended Workforce Platform from Beeline is an efficient and effective way to manage your contingent workforce programs. Featuring an efficient task-driven dashboard, utilization of business intelligence software, and ability to integrate with over 100 technology partners, Beeline is well-positioned as a top VMS provider. Plus, with its top-rated user experience and rapid deployment capabilities, your organization will be filling MSP positions quicker than ever before.
Learn more at beeline.com.
Coupa’s Contingent Workforce platform enables companies to increase visibility, compliance, and control over their contingent and SOW resources. Users can load onboarding requirements to automate—and ultimately expedite—the candidate onboarding process. Plus, Coupa’s AI-powered candidate ranking feature can help you to make smarter and more informed hiring decisions to enhance your workforce.
Discover more at coupa.com.
Featuring a 360-degree approach to managing your workflow, Renhead’s VMS features a workforce management system enabling greater hiring visibility. The platform advertises an 80-percent reduction in administrative tasks with a 75-percent improvement in time-to-fill. Organizations can manage their projects, SOW, timesheets, and invoicing responsibilities all from one platform—generating greater efficiencies within their recruitment processes.
Read more at renhead.com.
As companies scale up their workforces around the world, they need a contingent workforce management system that can keep pace with their needs. SAP Fieldglass’s VMS platform can help businesses to initiate, engage, manage, and complete their contingent workforces through its CWM solution. Leverage machine learning tools to identify candidates, ensure full compliance with local labor laws, and save on external expenditures by cutting down on rogue and maverick spend.
Learn more at fieldglass.com.
Due to the rising prevalence of total talent management VMS solutions, it should come as no surprise to see Simplify VMS as a leader in the contingent talent management space. With a flexible and easy-to-deploy platform, Simplify VMS enables companies to manage all aspects of their workforce. Companies can reduce time-to-hire in their recruiting processes, implement timesheet and expense management modules into their programs, and benefit from automated sign-off and payment processing workflows. Plus, its resume comparison feature can help your organization connect with the best talent on the market.
Discover more at simplifyvms.com.
VectorVMS’s vendor management system enables companies to take total control over their contingent workforces. Users can automate and streamline processes while gaining access to critical data that can optimize your workforce. By eliminating uncontrolled spend, maintaining compliance with local rules and regulations, enhancing candidate quality, and improving efficiencies with HR and procurement processes, the VectorVMS tool can do it all in creating a total talent management ecosystem for your organization.
Read more at vectorvms.com.
One of the most modern cloud-based VMS technologies on the market today, VNDLY’s system makes the talent management process easy. Companies can configure pre-made job templates, evaluate talent pools, establish pre-onboarding compliance checklists, and generate standard or custom reports. VNDLY’s easy-to-use yet robust VMS platform can be configured to align with changing program needs. Plus, valuable API integrations like Workday, ServiceNow, and Okta enable customers to reap the benefits of a fully-integrated technology ecosystem—one that efficiently moves data among departments.
Learn more at vndly.com.
Interested in working with the Broadleaf team to select a best-fit vendor management system for your organization? Contact us today to learn how we can evaluate all VMS options with your HR and procurement teams.