Looking for a Vendor Management System partner can be confusing. With so many providers, it can be challenging to know where to start. In this article, we share the top 5 questions to help you quickly narrow down your search. So you can focus on selecting the best Vendor Management System for your organization.
If you are looking for a VMS, here are the top questions to ask to narrow down your search
1- How much does the vendor management system cost?
The traditional VMS big players are expensive. Since they are priced on a percentage of contingent workforce spend and huge implementation costs, they don’t offer a great ROI for organizations with smaller contingent workforce volumes.
But that doesn’t mean there aren’t solutions out there for your business. Some VMS solutions, such as Conexis VMS, use a SaaS model of pricing with a monthly license fee that’s far more cost-effective for businesses with smaller contingent workforce volumes. And in most cases implementation is free.
2 - Does the VMS provider have good customer support?
The success of a contingent workforce program is heavily reliant on the use of vendor management software. To truly gain visibility and control over your program, your team needs to know how to implement and use the VMS, and the technology needs to work seamlessly for your organization’s processes.
Working with a VMS provider with good customer support is an important aspect of ensuring your team is able to easily address challenges when they are experiencing them.
3 - Is the vendor management system easy for my team to use?
The traditional VMS solutions have been built with a huge amount of bells and whistles. While this gives these solutions more functionality, it can make them incredibly time-consuming, frustrating and difficult to use for smaller teams - taking their focus away from the core competencies that truly grow a business.
Conexis VMS has been specifically designed to be easier-to-use for companies that don’t need this complex functionality. Our technology is easier to implement, can be used seamlessly from the get-go and allows your team to focus on revenue-driving tasks instead of working out how to navigate your VMS.
4 - Can you source permanent employees on the VMS?
When many think of the workers associated with a vendor management system, temporary workers and contractors come to mind. But did you know that you can also manage the sourcing of permanent employees through staffing agencies with some VMS solutions?
If your organization sources permanent employees through staffing agencies, this might be an important functionality you need from your vendor management system.
5 - Let's dive deeper into technology features. Are you able to view a demo of the VMS, and understand how it would work for your specific needs?
To truly narrow down your list of VMS solutions, you’ll want to see first-hand how the technology can work for your organization. A vendor management system provider should be able to give you a first-hand demo, where they walk you through how the platform will meet the specific needs and requirements of your organization.
A vendor management system demo will give your organization an in-depth look at the features and functionalities that the technology has, and how they can be used by your team to achieve your workforce goals.
Free Guide: How to Choose the Best VMS
Learn more about what to look for when choosing the best VMS for your organization. This comprehensive guide provides you with everything you need to know, including all the questions to ask potential VMS providers. Download our Free VMS Buyer's Guide.
The Conexis VMS Difference
Conexis VMS is an award-winning vendor management system built for organizations that want the power of enterprise software without the complexity or cost.
Leveraging the latest technology, Conexis VMS delivers the expertise, reliability and security of enterprise systems, while offering the flexibility, user friendliness and tailored, personal service you require. Learn more about our Company and what makes Conexis VMS different.
Discover the Power of Conexis VMS
Conexis VMS is trusted by staffing agencies, MSPs and leading organizations to modernize and manage their contingent workforce programs. Here's why organizations choose Conexis VMS:
- Modern VMS Technology - Built on the latest AWS microservices architecture and Open API
- Fast Implementation - Get up and running in under a month, free setup and training included
- Fully Branded White-Label VMS - Your Logo. Your Domain. Your Branded Communication
- Flexible Pricing - No setup fees, with free implementation, training and account management
- Personal Attention - Experienced senior account management from implementation onward
Switching Your VMS or Just Getting Started?
We work with teams at every stage, from first-time buyers to companies replacing outdated platforms that can't keep up. Either way, we'll show you what a modern VMS looks like, up and running in under 30 days.
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