To date, the primary role of VMS has been the “procure-to-pay” aspect of outsourced work – that is, the ability to request talent, track hours, process invoices and pay suppliers. The emphasis on its financial functionality stems in large part from the “hard” savings that companies can achieve by automating and centralizing these tasks. However, a growing number of employers have realized that this same technology can be used to manage other contingent labor concerns – from identity verification to tenure management – that are no less important to the organization’s long-term success.
This white paper will outline some of the key ways in which companies can use VMS in a more holistic way to reduce risk, improve compliance and increase the visibility of their extended workforce.
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