This tool has been solely researched by Wilson HCG Innovation Team
Summary
Vector VMS is a Vendor Management System. Its primary goal is to support and help with employees working on-site, projects being developed and costs spent.
Manage Nonemployees throughout the Contingent Lifecycle
Manage staff augmentation, services procurement, and other resources in a single source of record
Procure and track temps and hourly workers
Manage SOW needs through milestones, resources, and/or fees
Track IDs for security, cafeteria, landscaping, janitorial, and other nonemployees on-premises
Eliminate Uncontrolled Spend with Total Budget Visibility
Manage timesheets, volume discounts, and overtime rates
Approve contractor time online and pay a single invoice for all your contingent labour
Set real-time budget alerts to track allocated project funds
Comply Comply with Confidence
Track compliance by position and location
Manage and document NDAs, certifications, drug screening, security access, and other critical compliance items
Set workflows and alerts for pre-engagement, onboarding, and off-boarding
Ensure that compliance does not expire during the lifetime of your candidate
Elevate Candidate and Vendor Quality
Enable hiring managers to specify skills and easily compare candidates
Track candidate performance and identify success factors, by role, manager, department, and vendor
Flag candidates who perform poorly to prevent re-engagement
Track vendor performance with dynamic ranking tools
Boost Efficiency
Streamline and automate procurement and HR processes
Enable hiring managers to submit requisitions, review candidates, process timesheets, and evaluate candidate performance in a single system
Reduce hiring manager effort with intuitive workflows for sourcing, compliance, and on- and off-boarding
Approve timesheets with the mobile app
Track Program Metrics and Use Data to Drive Improvement
Track and report on spend, tenure, diversity, time-to-fill, false starts, and other key metrics
Access more than 120 standard reports and create unlimited custom reports
Create reports for automatic, scheduled distribution to program stakeholders
Drive decision-making and strategy with actionable analytics, business intelligence, and robust reporting
Create dashboards tailored to the needs of procurement, HR, hiring managers, and other stakeholders
Choose Your Best-Fit Delivery Model
Only VectorVMS offers clients three options for managing your VMS:
Controlled entirely in-house by your HR or procurement team
In partnership with one of our trusted MSPs
Supported by our team of experienced contingent workforce program managers.
Accelerate ROI
Our implementation services team takes an agile, thorough, customer-focused approach to implementation.
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