Managed service providers (MSPs) play a critical role in helping organizations to improve the return on investment they realize from their contingent workforce programs. In this article, we look at how MSPs can leverage VMS software to deliver improved ROI for its customers.
MSPs implement processes, technologies and controls into an organization's contingent workforce program, allowing them to better manage their staffing agencies and non-employee workers. This enables their clients to access the benefits that come with a robust contingent workforce program, such as reduced spend, improved access to talent and greater business flexibility.
To ensure MSPs can achieve this level of success for their clients, it’s crucial that they have the right technology partners in place.
Technology helps to automate processes, centralize data and standardize interactions, helping to uncover bottlenecks that lead to inefficient operations within a company’s contingent workforce and mitigating rogue spend among hiring managers.
This is exactly why a vendor management system is a critical component of how an MSP can better serve its customers. In this blog, we look at how MSPs can leverage VMS software to deliver improved ROI for its customers.
Leveraging VMS technology for improved customer ROI
A vendor management system - a web or cloud-based application that acts as a mechanism for businesses to manage and procure contingent workers, as well as manage staffing agencies - enables MSPs to implement robust contingent workforce programs into client businesses.
By consolidating all contingent workforce information into one database, MSPs are able to standardize their clients’ contingent workforce hiring process and gain complete visibility and control over the program - mitigating risks such as rogue spend or worker misclassification.
How MSPs can leverage VMS technology:
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Automate tasks and minimize administration functions, delivering greater internal efficiencies and time-saving for their clients to focus on core competencies.
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Consolidate all data into one platform to increase program compliance across all hiring managers and minimize risk.
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Provide real time access to talent marketplaces and gig platforms which goes way beyond just staffing agencies.
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Access real-time reporting functionalities that give both the MSP and client the ability to perform advanced forecasting and analytics, track service level agreements, key performance indicators and staffing agency performance.
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Better control of client’s contingent workforce costs through improved visibility of where money is being spent, what on, and how much.
Final Thoughts
All the above benefits are critical to the success of an MSP, but for MSPs to fully deliver improved ROI to their clients, partnering with the right vendor management system provider is critical.
Looking for a VMS Partner?
At Conexis, we believe that MSPs need a better VMS. If you are looking for a VMS partner, contact us. We will work with you to help you dramatically improve the service you provide to your clients.
Why Conexis VMS is the Right Choice for MSPs
Whether you're managing a mid-size contingent workforce program, supporting multiple clients across regions, or looking for a mid-market VMS to add to your offering, the right VMS can amplify your MSP services and deliver real, measurable results.
We’ve built a VMS specifically for mid-market contingent workforce programs that is easy to use, cost-effective, flexible, and fast to deploy. Our platform can be implemented in as little as a few weeks (not months), helping you deliver value to clients faster than ever before.
Learn more about Conexis VMS for MSPs
About Conexis VMS
Conexis 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 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 why organizations Choose Conexis VMS.
Discover the Power of Conexis VMS for MSPs
Conexis VMS is purpose-built for organizations seeking to manage their contingent labor spend effectively. Here’s why we're the right choice:
- Fast Deployment: Get up and running in weeks, not months
- Transparent Pricing: Flexible pricing with no hidden costs
- White-Label Ready: Customize the platform with your brand
- Real-Time Insights for MSPs: Built-in analytics and unrestricted access to your own data
- Audit-Ready Compliance: Store contracts, worker data, and rates in one secure hub
Ready to Add More Value to Your Clients?
Whether you are looking for a new VMS partner, switch your VMS, or just getting started, we are here to help. Contact Us for a Free No-Obligation Consultation, See how easy Conexis is to use by taking a quick 2 minute Self-Guided Online Demo, or Book a Personal Demo Today!
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From ways to grow your business, to reducing cost, automating your program or delivering more value to your clients, read our library of articles for MSPs
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