--- title: VMS for Financial Services and Insurance Organizations | Conexis VMS description: A VMS for financial services and insurance that gives banks, credit unions and insurers audit-ready control of contractors and staffing suppliers. image: https://www.conexisvmssoftware.com/hubfs/Conexis%20VMS%20for%20Education%20Staffing.jpg --- - [BOOK A DEMO](https://www.conexisvmssoftware.com/book-a-demo) - [TAKE A TOUR](https://www.conexisvmssoftware.com/self-guided-tour-of-conexis-vms-vendor-management-system-demo) [![Conexis Logo](https://www.conexisvmssoftware.com/hubfs/CONEXIS%20LOGO/ConexisLogo%20Square%20Green-Black-FINAL-1.svg) ![Conexis Logo](https://www.conexisvmssoftware.com/hubfs/CONEXIS%20LOGO/ConexisLogo%20Square%20Green-Black-V2.svg)](https://www.conexisvmssoftware.com/) [![Conexis Logo](https://www.conexisvmssoftware.com/hubfs/CONEXIS%20LOGO/ConexisLogo%20Square%20Green-Black-V2.svg)](https://www.conexisvmssoftware.com/) - VMS 101 - - **VMS BASICS** - [What is a VMS?](https://www.conexisvmssoftware.com/what-is-a-vendor-management-system-vms) - [VMS Benefits](https://www.conexisvmssoftware.com/benefits-of-vendor-management-system) - [Modern vs Legacy VMS](https://www.conexisvmssoftware.com/legacy-vs-modern-vms) - [What is a White-Label VMS?](https://www.conexisvmssoftware.com/white-label-vms) - [How to Choose the Best VMS](https://www.conexisvmssoftware.com/how-to-choose-the-best-vendor-management-system-vms) - [VMS Education Center](https://www.conexisvmssoftware.com/vms-education-center) - - **HOW A VMS HELPS** - [Reduce Costs](https://www.conexisvmssoftware.com/vendor-management-system-vms-cost-savings-) - [Reduce Risk](https://www.conexisvmssoftware.com/vendor-management-system-risk-reduction) - [Increase Workforce Visibility](https://www.conexisvmssoftware.com/contingent-workforce-visibility-vms) - [Improve Hiring](https://www.conexisvmssoftware.com/improve-contingent-workforce-hiring-performance) - [Improve Operational Efficiency](https://www.conexisvmssoftware.com/increasing-operational-efficiency-vms) - [Improve Time-to-Fill](https://www.conexisvmssoftware.com/vms-improves-time-to-fill) - - **GUIDES** - [Contingent Workforce Management](https://www.conexisvmssoftware.com/contingent-workforce-vms) - [VMS for Staffing Agencies](https://www.conexisvmssoftware.com/vms-staffing-agencies-guide) - [Managing Staffing Agencies with a VMS](https://www.conexisvmssoftware.com/managing-staffing-agencies-with-a-vms-guide) - [FEATURES](https://www.conexisvmssoftware.com/best-vendor-management-system-conexis) - SOLUTIONS - - **My Role** - [Procurement](https://www.conexisvmssoftware.com/vms-for-procurement) - [HR & Talent Acquisition](https://www.conexisvmssoftware.com/vms-for-talent-acquisition) - [Contingent Workforce](https://www.conexisvmssoftware.com/vms-for-contingent-workforce-leaders) - - **My Business** - [Mid-Size Companies](https://www.conexisvmssoftware.com/vendor-management-system-vms-for-mid-market-contingent-workforce) - [MSPs](https://www.conexisvmssoftware.com/vms-for-msp-managed-service-provider) - [Staffing Agencies](https://www.conexisvmssoftware.com/vms-for-staffing-agencies) - - **My Industry** - [Manufacturing](https://www.conexisvmssoftware.com/vms-for-manufacturing) - [Warehousing, Distribution and Logistics](https://www.conexisvmssoftware.com/vms-for-warehouse-logistics) - [Healthcare](https://www.conexisvmssoftware.com/vms-for-healthcare) - [Education](https://www.conexisvmssoftware.com/education-behavioral-health-staffing-vms) - [Government](https://www.conexisvmssoftware.com/vms-for-government) - [Professional Services](https://www.conexisvmssoftware.com/vms-for-consulting) - - **MY SITUATION** - [Getting Started with Your 1st VMS](https://www.conexisvmssoftware.com/getting-started-with-your-first-vendor-management-system) - [Changing Your VMS Provider](https://www.conexisvmssoftware.com/how-to-switch-vendor-management-system-vms) - [Build Your Own VMS vs Buy](https://www.conexisvmssoftware.com/blog/build-vs-buy-vendor-management-system) - [PRICING](https://www.conexisvmssoftware.com/pricing) - LEARN - - [VMS Education Center](https://www.conexisvmssoftware.com/vms-education-center) - [Blog](https://www.conexisvmssoftware.com/blog) - [All Resources](https://www.conexisvmssoftware.com/vms-vendor-management-system-resources) - [eBook: VMS Buyer's Guide](https://www.conexisvmssoftware.com/request-copy-of-free-vendor-management-system-guide) - [eBook: 10 Ways to Grow Your Staffing Agency Revenue Guide](https://www.conexisvmssoftware.com/free-staffing-agency-grow-revenue-guide) - [eBook: Staffing Agency VMS Buyer's Guide](https://www.conexisvmssoftware.com/staffing-agency-vms-buyers-guide) - [FAQs](https://www.conexisvmssoftware.com/conexis-vms-faqs) - COMPANY - - [About Us](https://www.conexisvmssoftware.com/company) - [Awards & Recognition](https://www.conexisvmssoftware.com/conexis-vms-awards-and-recognition) - [News & Events](https://www.conexisvmssoftware.com/en-us/news-events) - [Client Testimonials](https://www.conexisvmssoftware.com/testimonials) - [Conexis VMS Case Studies](https://www.conexisvmssoftware.com/vms-vendor-management-system-case-studies) - [Our Commitment to Customer Care](https://www.conexisvmssoftware.com/vms-nps-customer-satisfaction-adoption) - [How We Are Leading AI Innovation in VMS](https://www.conexisvmssoftware.com/ai-in-vendor-management-vms-conexis-vms) - [About Conexis VMS (Video)](https://www.conexisvmssoftware.com/watch-why-choose-conexis-vms-2-minute-overview) - [Take an Online 2 Min Tour](https://www.conexisvmssoftware.com/self-guided-tour-of-conexis-vms-vendor-management-system-demo) - CONTACT - - [Contact Us](https://www.conexisvmssoftware.com/contact) - [Book a Consultation](https://www.conexisvmssoftware.com/book-a-consultation) - [Book a Demo](https://www.conexisvmssoftware.com/book-a-demo) - [Partner with Us](https://www.conexisvmssoftware.com/partner-with-conexis-vms) - [BOOK A DEMO](https://www.conexisvmssoftware.com/book-a-demo) - [TAKE A TOUR](https://www.conexisvmssoftware.com/self-guided-tour-of-conexis-vms-vendor-management-system-demo) # Vendor Management System (VMS) for Financial Services and Insurance | Conexis VMS ## Conexis VMS is a vendor management system built for banks, credit unions and insurers and the staffing agencies and MSPs that support them. Manage requisitions, onboarding, offboarding and suppliers in one platform, with no setup fees, free implementation and a typical go-live of under 30 days. When contractors keep system access after an assignment ends, regulatory risk grows. A time-stamped audit trail and offboarding workflows keep you ready for every review. ## Know exactly who has access, through which supplier and with whose approval. With Conexis VMS, you can scale contract talent fast and stay ready for every regulatory review. ![contingent-worker-woman-meeting-candidate-1200-627-36](https://www.conexisvmssoftware.com/hubfs/1.%20MASTER%20MASTER%20Blog%20and%20Website%20Page%20IMAGES%202026/CONTINGENT%20WORKFORCE/CWF%201200x627%20%20optimized/contingent-worker-woman-meeting-candidate-1200-627-36.jpg) ## Conexis VMS: Built with Financial Services and Insurance Organizations Top of Mind.   Banks, credit unions and insurers rely on contractors for technology projects, claims surges, call centres and compliance work. Conexis VMS gives you one place to source, onboard, track and offboard every contingent worker, with the audit trail your regulators expect.   ## Why Financial Services & Insurance Organizations Choose Conexis VMS The benefits of a VMS are significant. Conexis VMS has built capabilities that support the compliance, security and scale demands of banks, credit unions and insurers, delivering more value than a standard legacy VMS. ![Audit-Ready Compliance and Regulatory Readiness](https://www.conexisvmssoftware.com/hubfs/Icons/icon-legal-64x64.png) #### **Audit-Ready Compliance and Regulatory Readiness** Banks, credit unions and insurers must show regulators exactly who worked for them, through which supplier and with whose approval. Conexis VMS keeps a time-stamped record of every requisition, approval, rate change, timesheet and invoice in one platform. When an internal audit, third-party risk review or regulatory exam comes up, your contingent workforce records are organized, complete and ready to share, reducing the time and effort it takes to respond. ![Contractor Onboarding and Offboarding Control](https://www.conexisvmssoftware.com/hubfs/Icons/icon-multiple%20users-gear-duotone-1.svg) #### **Contractor Onboarding and Offboarding Control** A contractor who keeps system access after an assignment ends is one of the most common audit findings in financial services. Conexis VMS provides structured workflows for adding and ending contingent worker assignments, so required steps are completed before a start date and end dates trigger offboarding on time. HR, IT and business unit managers all see the same status, so no worker starts without approval and no access is left open after they leave.   ![Background Check and Document Tracking](https://www.conexisvmssoftware.com/hubfs/Icons/tracking%20and%20compliance%20with%20a%20vms.svg) #### **Background Check and Document Tracking** Delays in background checks can hold up start dates for project teams, claims adjusters and contact centre staff. Conexis VMS gives HR and hiring managers visibility into background check status and required documents for every worker, connected to your screening provider through our Open API. Automated alerts flag expiring documents before they become a problem, helping prevent non-compliant placements and keeping records audit-ready.   ![Misclassification and Co-Employment Risk Mitigation](https://www.conexisvmssoftware.com/hubfs/Icons/visibility%20with%20a%20vms%20icon.png) #### **Misclassification and Co-Employment Risk Mitigation** Long-term contractors in technology, operations and compliance roles can create co-employment and misclassification risk. Conexis VMS includes classification, tenure tracking and governance functionality that helps financial institutions manage this risk proactively. Automated classification controls, real-time compliance monitoring and audit-ready documentation move your program from reactive risk management to continuous, defensible oversight.     ![Enterprise-Level Data Security](https://www.conexisvmssoftware.com/hubfs/Icons/gavel-duotone.svg) #### Enterprise-Level Data Security Financial institutions hold some of the most sensitive data in any industry, and every vendor they use is held to the same standard. Conexis VMS is SOC 2 certified and ISO 27001 compliant, with bank-level partitioned security, role-based access controls, data encryption and secure document storage. Workforce data is stored within the required jurisdiction, supporting programs across the US and Canada, and security is built into the platform by design, not added as an optional feature. ![Centralized Supplier Management and Accountability](https://www.conexisvmssoftware.com/hs-fs/hubfs/Icons/icon-automation-64x64.png?width=64&height=64&name=icon-automation-64x64.png) #### **Centralized Supplier Management and Accountability** Most financial institutions work with several staffing agencies across technology, operations and customer service. Conexis VMS centralizes vendor communication, requisition release and performance tracking in one platform. Vendor scorecards, fill rates, time-to-fill and compliance tracking give program owners objective data to evaluate suppliers, negotiate better terms and keep every agency accountable. ![Spend Visibility and Rate Control](https://www.conexisvmssoftware.com/hubfs/Icons/Save%20Money%20with%20a%20VMS%20icon.svg) #### **Spend Visibility and Rate Control** Contractor costs spread across business units are hard to see and harder to control. Conexis VMS provides rate card enforcement, invoice validation and real-time spend tracking by department, so every dollar is authorized and matches approved terms. Embedded rate intelligence gives you pay rate ranges by job title, location and experience at no extra cost, helping you set competitive rates for hard-to-fill technology and specialist roles. ![Rapid Scaling for Claims Surges and Major Projects](https://www.conexisvmssoftware.com/hubfs/Icons/people-group-duotone.svg) #### **Rapid Scaling for Claims Surges and Major Projects** Insurers need adjusters fast after major weather events, and banks need contract teams for core system conversions, mergers and regulatory remediation. Conexis VMS lets you release requisitions to multiple staffing agencies at once and onboard large groups of workers quickly. When volumes drop, structured offboarding rolls workers off cleanly, with the same controls applied to every worker whether you bring in five or five hundred. ![Our Open API Makes Integrations Easy](https://www.conexisvmssoftware.com/hs-fs/hubfs/Icons/Open%20API%20data%20access%20icon%202.png?width=64&height=64&name=Open%20API%20data%20access%20icon%202.png) #### **Our Open API Makes Integrations Easy** Conexis VMS has Open APIs that support fast integrations with your HRIS, ERP, payroll, background screening and timekeeping systems, typically completed in under a week with no custom coding required. Open APIs also give you access to your raw data, so you can build custom reports and feed contingent workforce data into the risk, finance and compliance tools you already use.   ![Reporting and Analytics](https://www.conexisvmssoftware.com/hubfs/Icons/Mid-market%20VMS%20focus%20icon.svg) #### **Reporting and Analytics** Finance, procurement and risk leaders need real-time contingent workforce data, not spreadsheets compiled at quarter end. Conexis VMS provides live dashboards covering spend, supplier performance, fill rates, time-to-fill, headcount by business unit and workforce trends. Custom reports can be generated in minutes for executive leadership, audit committees or regulators, so the right data is always available when it is needed. ## The Conexis VMS Difference for Financial Services and Insurance Organizations Banks, credit unions and insurers rely on contractors for technology projects, claims surges, call centres and compliance work. Conexis VMS gives you one place to source, onboard, track and offboard every contingent worker, with the audit trail your regulators expect. [![Book a Demo](https://no-cache.hubspot.com/cta/default/7617376/c6a979bd-c8df-46ca-80b1-35123950f484.png)](https://cta-redirect.hubspot.com/cta/redirect/7617376/c6a979bd-c8df-46ca-80b1-35123950f484) ![staffing-leaders-in-meeting--1200-627.48](https://www.conexisvmssoftware.com/hubfs/1.%20MASTER%20MASTER%20Blog%20and%20Website%20Page%20IMAGES%202026/CONTINGENT%20WORKFORCE/CWF%201200x627%20%20optimized/staffing-leaders-in-meeting--1200-627.48.jpg) ## What Our Clients Say About Us ![testimonial-icon](https://www.conexisvmssoftware.com/hubfs/6M%20Files/testimonial-icon.svg) As our clinical education staffing programs expanded across multiple school districts, managing credential compliance, placements, vendor coordination, and workforce visibility manually became increasingly difficult. Conexis VMS gave us the operational infrastructure we needed to scale our MSP program with far greater visibility and control. The platform has helped streamline our workflows, improve compliance tracking, and provide our clients with the real-time workforce insights they were missing. **Educational Clinical Staffing Agency** VP Operations  ![testimonial-icon](https://www.conexisvmssoftware.com/hubfs/6M%20Files/testimonial-icon.svg) One of our biggest challenges was managing clinician credentialing and workforce visibility across multiple school-based programs and behavioral health assignments. Conexis VMS helped centralize our workforce operations while improving vendor accountability, reporting, and compliance management. Having a single platform for assignments, credential tracking, and workforce analytics has significantly improved operational efficiency for our team. **Behavioral Health Staffing Agency** Director of Workforce Solutions ## Frequently Asked Questions **What is the difference between a VMS and third-party risk management software?** Third-party risk management software assesses suppliers and their controls. A VMS manages the contingent workers those suppliers provide, from requisition and onboarding through timesheets, invoicing and offboarding. Many financial institutions use both. **Can Conexis VMS help with regulatory audits?** Yes. Conexis VMS keeps a time-stamped record of every requisition, approval, worker, rate and invoice, so you can produce reports on who worked for you, through which supplier and with what approvals. **Does Conexis VMS run background checks?** Conexis VMS connects to your existing background screening provider through our Open API, so screening results are part of the onboarding workflow. **Can we manage US and Canadian contractors in one system?** Yes. Conexis VMS supports 100+ languages and currencies, so cross-border programs run in one platform. **How quickly can a bank or insurer go live?** Standard Conexis VMS implementations go live in under 30 days, with implementation and training included at no extra cost. **Can insurers scale up quickly for catastrophe claims?** Yes. Requisitions can be released to multiple staffing agencies at once, and onboarding workflows handle large groups of adjusters with the same controls as a single hire.   ![master-blue-banner-2-hands-typing-on-computer-representing-booking-free-consultation-with-ConexisVMS-banner-1800-760-47](https://www.conexisvmssoftware.com/hubfs/1.%20MASTER%20MASTER%20Blog%20and%20Website%20Page%20IMAGES%202026/WEBSITE%20BANNERS/master-blue-banner-2-hands-typing-on-computer-representing-booking-free-consultation-with-ConexisVMS-banner-1800-760-47.jpg)   ## Do you have a contingent workforce challenge? ## Let's solve it together. [Book a Demo](https://www.conexisvmssoftware.com/book-a-demo) ![Conexis Logo - White](https://www.conexisvmssoftware.com/hubfs/CONEXIS%20LOGO/ConexisLogo%20Square-White-V2.svg "Conexis Logo - White") [![Conexis VMS Reviews](https://www.conexisvmssoftware.com/hubfs/www.conexisvmssoftware.png)](https://sourceforge.net/software/product/Conexis-VMS/) - [VMS BENEFITS](https://www.conexisvmssoftware.com/benefits-of-vendor-management-system) - [PRICING](https://www.conexisvmssoftware.com/pricing) - [COMPANY](https://www.conexisvmssoftware.com/company) - [CONTACT](https://www.conexisvmssoftware.com/contact) - [CONEXIS VMS](https://www.conexisvmssoftware.com/best-vendor-management-system-conexis) - [LEARN](https://www.conexisvmssoftware.com/vms-vendor-management-system-resources) - [TAKE A TOUR](https://www.conexisvmssoftware.com/self-guided-tour-of-conexis-vms-vendor-management-system-demo) - [BOOK A DEMO](https://www.conexisvmssoftware.com/book-a-demo) ![icon-map-marker](https://www.conexisvmssoftware.com/hubfs/6M%20Files/icon-map-marker.svg)**USA** 350 S NW Highway, Suite 300 Park Ridge, IL 60068 ![icon-map-marker](https://www.conexisvmssoftware.com/hubfs/6M%20Files/icon-map-marker.svg)**Canada** 100 King Street West, Suite 5600 Toronto, ON, M5X 1C9 ![phone-icon](https://www.conexisvmssoftware.com/hubfs/2021/Images/icon-phone.svg)[(312) 776-2006](tel:13127762006) ![SIA\_Corporate Member Logo](https://www.conexisvmssoftware.com/hs-fs/hubfs/SIA_CM_Member_2018%20copy.jpg?width=300&height=74&name=SIA_CM_Member_2018%20copy.jpg)   Copyright © 2026 Conexis VMS - All Rights Reserved. | [Privacy Policy](https://www.conexisvmssoftware.com/privacy-policy) ```json { "@context" : "https://schema.org", "@type" : "Organization", "contactPoint" : { "@type" : "ContactPoint", "contactType" : "sales", "telephone" : "+1-647-370-8987" }, "name" : "Conexis", "url" : "https://www.conexisvmssoftware.com/" } ```