Statement of Work (SOW), project and deliverables-based spend is often a large category without centralized visibility or consistent management. Business units and departments engage suppliers, consulting firms, independent contractors and outsourced or offshore service providers for specific projects and deliverables – but this spend is often excluded from the contingent workforce management program.
Reduce services spend by enabling services procurement best practices for negotiating SOWs and developing appropriate categorization for SOW and contingent requisitions up front
Automate supplier proposals, SOW creation, change orders and milestone reviews
Streamline time and expense entry and approvals, milestone billing and invoicing for independent contractors and service providers
Enforce compliance with contract terms, hourly rates, milestone parameters and performance metrics
Increase efficiency by integrating into existing Enterprise Resource Planning (ERP) and Project Portfolio Management (PPM) systems.
STREAMLINE YOUR SOW AND SERVICES PROCUREMENT WITH PROVADE VMS
Gain visibility into your company’s outsourced service usage and costs. Automate sourcing and management of SOW and project-based workers and providers, including on- and off-boarding. Reduce your risks with compliance controls and audit trails. Measure and improve your services spend management with standard and custom reports.