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Common questions about VMS, explained clearly
A Vendor Management System is software used to manage external workers and the staffing suppliers that provide them. A VMS centralizes processes such as workforce requests, candidate submissions, assignments, approvals, timekeeping, invoicing, compliance, and reporting.
A VMS can manage staffing suppliers, job orders, candidates, workers, assignments, timecards, expenses, approvals, invoices, workforce requirements, and program reporting within one system.
Organizations use a VMS to create more consistent workforce processes, improve supplier management, centralize workforce data, increase spend visibility, and reduce the manual work associated with managing external labor.
A VMS is the technology used to manage an external workforce program. An MSP is a service provider that manages some or all of the program's day-to-day operations. Organizations can use a VMS independently or combine VMS technology with MSP services.
Yes. Supplier management is a core part of the SourceNow VMS experience, allowing organizations to coordinate staffing suppliers and workforce activity within one platform.
