Vendor Management Systems are widely used by businesses to manage their staffing suppliers with or without a MSP. These slides compare the various Vendor Management Systems available in the market to help you choose from based on your requirements.
2. THE EVOLUTION OF THE
MODERN DAY VMS
1993 1996 1997 2002 2006
Geometric
Results Inc
(GRI)
develops
PeopleNet
for Ford
Motor
Company
PeopleNet
became an
automated
VMS System
MSX
International
purchased
GRI offering
a vendor
neutral
automotive
marketplace
More than 50
web-based
VMSs
appeared on
the market
BarTech
Corp. began
running the
Delphi VMS.
Today it uses
SAP’s
Fieldglass
tool to do so
3. STRATEGIC IMPORTANCE OF
A VMS
1. They can help to determine the gaps and overlaps in vendor
management tasks and activities
2. Helps Small to Medium Enterprises to categorize and classify
vendors allowing a focus on strategic vendors to be managed
better
3. Keep track of how the program matures allow for leveraging
of enterprise knowledge by establishing best practices
4. Allows for communication of how vendors will be managed
starting with the RFP
5. Streamlines overall communication process with vendors to
avoid both internal and external conflicts in messaging
5. Our picks for
the Top 5
VMSs for SMEs
1. Beeline
2. SAP Fieldglass
3. Zerochaos
4. Wand by
ProUnlimited
5. Acceleration by
AgileOne
6. OUR EXPERT RECRUITERS
Paresh Kurani is our head of recruitment in
California. He has over 15 years of experience with
recruiting in the IT space and has been working
with Compunnel for over 2 years now.
Tarun Jaiswal is an assistant manager at
Compunnel Staffing. He has over 6 years of
experience with recruiting staff from the executive,
director and VP level to technical engineers and
other IT staff.
7. “We have made our recommendations based on
the following criteria:
- Ease of use - how easy the VMS is for recruiters to use
- Efficiency - how much it helps to improve workflow efficiency
- Automation - how many processes it helps to automate
- Differentiators - what makes it different to other VMSs.
8. 1. BEELINE
▸ Ease of use
▸ Efficiency
▸ Automation
▸ Differentiators:
- Simple candidate entry process
- Intuitive dashboard
- High quality reporting
“Beeline allows suppliers to pull timesheet data directly from their
application and load it seamlessly into various office systems. It
improves supplier performance by allowing them to access
payment registers, timesheets, submission summaries and
contract expiration dates.” - Tarun Jaiswal
Owned by Adecco Group, Beeline is one of the largest vendor
management service providers. It offers intelligent workforce solutions,
aiding procurement, sourcing and human resources professionals
optimize costs, reduce risks, and add value to their contingent labor
programs.
9. 2. SAP- FIELDGLASS
▸ Ease of use
▸ Efficiency
▸ Automation
▸ Differentiators:
- Communication with program POC via VMS portal chat
functionality
- Historical data
- Integration with Docusign
- Library section for latest program rules and policies
- Multi-data points report generation
Founded by Jai Shekhawat in 1999 and acquired by SAP in 2014 it is a long-standing
leader among procurement service providers. It is used by organizations globally to find,
engage and manage all types of flexible resources. They operate in 165 countries,
helping companies automate the entire process of procuring and managing temporary
talent, transforming how work gets done, increasing operational agility and accelerating
business outcomes in the digital economy.
“Fieldglass is highly intuitive for recruiters, account managers and for teams that need timesheet
or invoicing functionality” -Paresh Kurani
10. 3. ZEROCHAOS
▸ Ease of use
▸ Efficiency
▸ Automation
▸ Differentiators
-Single Sign in for multiple clients
-Notification for any status change
-Candidates in the pool can be submitted to multiple jobs directly
“The best part is that they initiate background checks and DT. All the
information is available to us directly on their system” - Tarun Jaiswal
Owned by Harold Mills, ZeroChaos–one the largest African-American owned companies in the
country. Based in Orlando, Florida, this workforce management and staffing company has more
than 26,000 contracted employees worldwide. Their VMS system is customizable to support
various business workflows and enables supplier profiling, requisition or order creation and
distribution, candidate submissions, on and off-boarding, time and expense keeping, consolidated
billing, reporting and more.
11. 4. PRO UNLIMITED - WAND
Wand is owned by Pro Unlimited and is a robust, omnichannel
solution that can be used by various stakeholders in the contingent
labor ecosystem. They focus on providing a rich user experience,
interactive business intelligence and self sourcing.
▸ Ease of use
▸ Efficiency
▸ Automation
▸ Differentiators:
- Single Sign in for multiple clients
- Common candidate pool of all clients
“Wand might be the only VMS portal with an effective resume parsing and
entry process ” -Paresh Kurani
12. 5. AccelerationVMS- AgileOne
▸ Ease of use
▸ Efficiency
▸ Automation
▸ Differentiators
- Intuitive user experience
- Easy to explore and understand
“They probably have one of the best reporting views available
amongst VMSs on the market. - Tarun Jaiswal ”
Owned by AgileOne, AccelerationVMS endeavours to connect hiring managers,
workers and staffing suppliers via a single real time platform. It supports job
requisitioning, onboarding and attributes time capture, job order fulfillment and
reporting.
13. THE
FUTURE
OF VMSs
Integrations with public and private talent
pools
Integrations with background and drug
check providers
Incorporate referrals, freelance platform
integrations and recruitment marketplaces
WHAT’S NEXT FOR VENDOR MANAGEMENT SYSTEMS?
14. THE END
Please subscribe to our Knowledge Center
for more insights!
Like, follow and share with us on
Visit us at https://staffing.compunnel.com