Are you currently managing your staffing agencies using manual spreadsheets, in-house databases or Sharepoint-like websites? Are you looking for a way to improve the profitability and efficiency of your organization through better contingent workforce management?
If you have read our blogs: 5 Dangers of Using Manual Spreadsheets to Manage Staffing Vendoror ‘6 Benefits of a Vendor Management System (VMS) Vs. Manual Spreadsheets’, then you will know all too well about the challenges that these time-consuming and manual methods of managing your staffing agencies bring to your business.
One of the most common challenges with these manual management techniques is inefficient processes.
Human error becomes a problem that impacts your entire vendor decision-making process, fragmented processes across your organization result in rogue spend, while time-consuming data entry/analysis leaves your hiring managers wasting a huge amount of time they could be spending doing something that drives real value to your organization.
You can solve all of these issues, and achieve significant cost savings through greater efficiencies, through the implementation of a vendor management system (VMS).
Let’s start with a couple of reasons why process automation is so important to the growth and profitability of your business.
Why is process automation so important for your business?
Automation is the act of using technologies to automate recurring and manual tasks that would otherwise take huge amounts of time and resources for your organization to complete.
By automating these tasks, your company can free employees’ from working on time-consuming and repetitive tasks, and instead allow them to focus on the things that drive real value to your business.
Automating tasks allows your business to streamline internal processes, moving your thoughts away from operational challenges and towards profitable growth instead.
Despite this, when it comes to managing staffing agencies, the vast majority of organizations (particularly those with smaller contingent workforce budgets) have tried to manage their workers on manual spreadsheets.
This ineffective method of managing your staffing vendors leads to a number of problems, such as time-consuming processes, a lack of vendor consolidation and the opportunity for human error - which all impact how successful your staffing agency management program is.
How does a VMS automate your staffing agency process?
Staffing automation brings huge benefits to your business, and a vendor management system is your key to access true vendor automation ROI. In fact, there’s no doubt that vendor management software will save your company hours of wasted time and reduce the opportunities for human error that prevent real growth within your non-employee workforce.
So, how does a VMS help your business achieve that? Through staffing agency workflow automation, a VMS will automate and streamline each task involved in the management of your staffing agencies.
A vendor management system will automate processes that improve sourcing, vetting, onboarding, assignment management, project management, offboarding, analyzing vendor performance, time entry, payments and much more!
By automating these processes, your organization will be able to save countless wasted hours, as well as large amounts of wasted money across your company’s staffing management processes.
By automating your internal vendor management processes, you will realize benefits such as:
These improved efficiencies in your internal staffing agency management program will result in significant soft and hard cost savings that make your organization more profitable and your contingent workforce program more effective.
Are you looking for more information on the benefits of a vendor management system and how automation can significantly improve your contingent workforce management program, while saving you time and money? Contact Conexis VMS today.
We’ve developed the first vendor management system built specifically for spend with no minimums, making it the perfect solution no matter how small or large your contingent workforce budget is.