Buying a vendor management system is just the beginning of the journey. In this article, we take a look at what a vendor management system is, what features a VMS has that can help your business manage its contingent workforce, and what you need to bear in mind when preparing your employees to use one to ensure adoption.
The Importance of the Contingent Workforce
The contingent workforce is hugely beneficial for modern business. Use of non-employee workers can augment a company’s permanent employee workforce, overcome industry skills shortages, reduce workforce costs and enhance business flexibility.
It’s because of these benefits that organizations are increasing their use of contingent workers. In fact, the average percentage of workers who are contingent is expected to grow, according to SIA, and to 29% by 2030.
Despite this growth in contingent workers, the vast majority of businesses still need to improve how they manage their contingent workers.
Most organizations still have no real strategic program in place to manage contingent workers and staffing agencies. They manage them on manual spreadsheets with no company-wide and standardized processes in place, resulting in a lack of visibility and control over contingent workers.
To resolve this, organizations must implement a contingent workforce management program with a vendor management system at the very center of the program.
What is a VMS?
A vendor management system, known as a VMS, is a software platform that centralizes, automates, and consolidates your entire contingent workforce management program into one central application.
This allows your business to optimize how it manages both contingent workers and the staffing agencies you use to source them, ensuring you have complete visibility and control over your non-employee workforce.
When your business implements the right VMS software into your processes, you’ll be able to: better monitor and track staffing agency performance, gain visibility into your non-employee workers across your entire organization, automate the end-to-end processes of managing contingent workers and staffing agencies, mitigate employee compliance risks, and centralize all contingent workforce information into one place.
What features does a VMS have?
A VMS offers a range of features including:
The problem with most vendor management systems is that they are designed for enterprise organizations with complex scenarios, include way too many features, and can be very expensive. Not only does this hit the bottom line, but it also makes it time-consuming and difficult for your employees to learn how to use them.
Thankfully, there’s now a better option that simplifies the training process and allows your team to start managing its contingent workforce with a VMS from day one.
How to prepare your employees to use a vendor management system
There are a few things your organization can do to prepare your employees to optimize how it uses a vendor management system. We’ve listed just a few of the top things to focus on:
Why invest the money and time into these complex technologies when your business simply doesn’t have to? There are other VMS solutions, such as Conexis VMS, that are specifically designed to be easy to use and quick to implement - ensuring you realize contingent workforce ROI as soon as possible.
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Learn more about the Benefits of a Vendor Management System with our Free VMS Buyer's Guide. Download it here:
Take the Next Step with Conexis VMS
Conexis is an award-winning VMS tailored specifically for mid-market contingent workforce programs. Leveraging the latest technology, Conexis delivers the expertise, reliability and security of enterprise systems, while offering the flexibility, user friendliness and tailored service you require. Conexis delivers enterprise level software - without the enterprise level complexity and cost.
Learn more about our Company and why organizations Choose Conexis VMS.
Contact Us
Whether you are looking to change your VMS solution, or just getting started, we are here to help. Contact Us for a Free No-Obligation Consultation to discuss your workforce challenges (and get immediate actionable insights). See how easy Conexis is to use by taking a quick 2 minute Self-Guided Tour, or Book a Personal Demo Today!
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