Vendor Management System
Get end-to-end visibility and control over your contingent workforce with a flexible VMS that’s quick to implement and easy to use.
Your organization relies on contingent labor. It’s your key to business agility and closing talent gaps, and it’s the way many people want to work. But it also comes with cost and risk.
To control costs and manage the risks, you need a reliable vendor management system. One that automates and streamlines your workforce program, elevating quality and driving efficiency across the contingent labor lifecycle.
VectorVMS can help.
Our vendor management software is quick to implement, easy to use, and flexible enough to conform to your workflows. With VectorVMS as your single source of record, you can boost efficiency and elevate quality throughout your contingent labor program.
- Eliminate uncontrolled spend with total budget visibility
- Manage timesheets, volume discounts, and overtime rates
- Approve contractor time online and pay a single invoice for all your contingent labor
- Set real-time budget alerts to track allocated project funds
Comply with Confidence
- Track compliance by position and location
- Manage and document NDAs, certifications, drug screening, security access, and other critical compliance items
- Set workflows and alerts for pre-engagement, onboarding, and off-boarding
- Ensure that compliance does not expire during the lifetime of your candidate
Elevate Candidate and Vendor Quality
- Enable hiring managers to specify skills and easily compare candidates
- Track candidate performance and identify success factors, by role, manager, department, and vendor
- Track vendor performance with dynamic ranking tools
- Flag candidates who perform poorly to prevent re-engagement
- Streamline and automate HR and procurement processes in a single system
- Reduce hiring manager effort with preconfigured, intuitive workflows for sourcing, compliance, and on- and off-boarding
- Track and report on time-to-fill, false starts, and other key metrics
Implement Data-Driven Program Improvement
- Track headcount, cost, compliance, risk, and efficiency
- Access more than 120 standard reports and create unlimited custom reports
- Drive decision-making and strategy with actionable analytics, business intelligence, and robust reporting
- Create reports for automatic distribution to program stakeholders
Insights and Resources for Contingent Workforce Managers
What Can the VectorVMS Vendor Management System Do for You?
See how our vendor management system (VMS) automates and streamlines your contingent workforce management program, giving your compliance and HR teams the simplicity, visibility, and efficiency they need.