Contingent Workforce: 5 Reasons Why VMS Software is a Priority

Industry research indicates that contingent workers make up over 40 percent of the total workforce, In this article, we take a look at five reasons why a vendor management system (VMS) is a priority for any organization managing a contingent workforce.

5 Reasons why a VMS is a Priority for Contingent Workforce Management

The are the five reasons why a vendor management system (VMS) is a priority for any organization with contingent workforce spend.

1 - Cost Reduction

The implementation of a VMS helps organizations reduce costs when it comes to their contingent workforce. Through improved program visibility, businesses are able to see where they are overspending on staffing agencies, where hiring managers aren’t following standardized processes and rates for hiring contingent workers, and where staffing agencies are falling short on their deliverables.

2 - Alignment with Strategic Initiatives

To truly align your company’s contingent workforce program with your broader goals and strategic initiatives, you need to move away from a fragmented approach to managing your externally-sourced workforce and instead focus on unifying it across all team leaders.

By creating and implementing strong processes, and bringing those all into one company-wide approach through the use of a VMS, your business will be able to optimize its contingent workforce to help meet your overarching business objectives.

3 - Improved Talent Acquisition

VMS software offers organizations the insights they need to monitor and track staffing agency performance. This unique visibility into staffing agency performance allows companies to ensure they are partnering with the best vendors for top talent acquisition.

4 - Risk Mitigation

The contingent workforce comes with a range of risks associated with worker misclassification and co-employment laws. Incorrectly identifying the relationships between your business and its externally-sourced workers can lead to fines and penalties.

5 - Faster Hiring Performance

A VMS improves workforce hiring by automating vendor communication, increasing visibility into hiring performance, reducing time-to-fill, and providing real-time workforce analytics.

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.