VectorVMS

Owned by Mateusz Zajac (Unlicensed)
Last updated: Nov 29, 2019
2 min read

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 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.

We’ll lead your team through system configuration, data loading, and user training—so you can start reaping the benefits of automation and visibility.

And if you work with an MSP partner or our expert program management team, you can cut the usual time to value from several months to just weeks.

Notes

  • Ability to rename/customize fields

  • Decision Support 

    • Decision Tree

    • Standard profile; Could also customize at implementation or post-implementation

  • The dashboard is customizable based on user configuration

  • Contingent requisition

  • Integration capability with most major HRIS systems

  • 8 countries - ~8 currencies - UK English version

  • Rate structures - Can be different by workflow, based on location etc