The management of a Contingent Workforce Management (CWM) program, and the processes around that, is paper intensive, time consuming and expensive. Additionally, measuring and reporting on programs is typically non-existent. VMS software changes that.

Some key benefits of deploying VMS software include:

• Visibility into labor procurement costs.
• Ability to track and measure vendor performance and quality.
• Automated time capture and approval.
• Automated invoicing.

Intellect's VMS software accomplishes this and more, through reporting features which track:

• Spend Reports
  • Spend by project, user, department and business unit.
  • Spend by vendor.
  • Spend on woman, minority and veteran owned businesses.
  • Billing rate cards - summary of rates by skill set/"skill buckets".
• Performance Reports
  • Vendor performance reports such as submission ratios, interview-to-hire, fill ratio and time-to-fill.
  • Individual consultant performance review.
  • Vendor quality review (as measured and quantified by consultant performance).
• Summary Reports (High Level Management Reports)
  • Current contingent workforce headcount and roster.
  • Contingent workforce skills summary.
  • Total YTD contingent workforce spend.
  • Trend Analysis, including year-over-year spend and cost savings.

Intellect offers a "wrapped" solution that combines both VMS software (process automation) and Managed Services (process management). Our core belief is that the most critical component of the two, is the services/process component. While the VMS software automates time consuming and otherwise paper-intensive processes and also provides critical reporting on metrics such as spend and vendor performance, the program's ultimate success or failure rests in a strong services partner that can drive strong working relationships with client managers, vendors and all stakeholders. It is the management (as opposed to simply the automation) of the CWM process, and the management of change around it (from current processes) that is the critical differentiator between program success and failure