What is a vendor management system (VMS)?
A Vendor Management System supports the complete management of job requisitions, contracts, compliance requirements, time reporting and invoicing. Our VMS solution enables complete control of the entire hiring process. As your contingent workforce programme changes over time, our solution is able to change with the agility you need. The modular set up of our VMS guarantees having the best fitting functionality available, whenever your requirements change. Perm recruitment, freelancer management or statement of work management can be additionally introduced to your contingent workforce programme. They are all modules of one integrated system. So you do not need additional tools to implement new solutions to widen the scope of service you provide. A wider scope will enable you to achieve more cost savings; mitigate risk and add even more value.
Nétive VMS has built-in international capabilities such as multilingual masterdata and support for multiple currencies with automatic rate conversion. With our easy to configure, but very comprehensive Compliance Management System, also enables you to support multicountry programmes as well as mid-market solutions. You can count on our understanding of your local requirements, ranging from the GDPR to IR35.
Source talent the way you want
Unique to Nétive VMS is the combination of available talent sourcing capabilities. The solution ranges from traditional tiered sourcing and vending out shifts to sourcing using freelancer pools. We also offer direct sourcing capabilities, vacancy multi-posting using Broadbean and leveraging existing permanent staff based on skill-based hiring.
Optimise cost savings opportunities
Our VMS captures all financially relevant data of your contingent workforce management programme. It is therefore able to transparently visualise the actual achieved cost savings and which cost savings strategies performed best. This helps you to continuously underpin the business case of your programme. Unique is our prescriptive analytics capabilities using Salesforce’s Einstein. This enables you to holistically determine additional cost savings opportunities by analysing your programmes goals and automatically suggest changes for your programme.
Our solutions are flexible to suit your needs
Nétive VMS is suitable for an internal and outsourced MSPs, Master Vendor models and also for organisations that want to consider implementing one of these solutions in the future. MSPs and Master Vendors can manage multiple organisations within one environment (multi-tenancy), at the same time. Our solution, which includes a very advanced dashboard and reporting option, can be fully used via a web browser. And – of course – we seamlessly integrate with your existing ERP, HRIS or financial systems. Due to our incredible agile configuration capabilities, changing an approval workflow can be done within minutes.
Which functionality is offered by our VMS?
After the video below you will find an overview of the key functionalities of our application. Over 70% of our functionality has been validated as “Best Imaginable/Fully Configurable” by the leading Staffing Industry Analysts VMS Global Landscape and Differentiators Report 2019. This includes “Supplier engagement and management (vendor management)” and “Direct sourcing”. We are also particularly proud of the fact that we even come forward as “class leading” for “Time, expenses and invoicing” and “Reporting and Analytics”.
We gladly show it to you! Contact us for a demo or register for one of our webinars which are announced in our newsletter.