The adoption of a Vendor Management System (VMS) in your organization will help you to enact spend control measures, achieve greater control and compliance of your vendor basis as well as help you to secure more favourable pricing across contractors and vendors alike. A VMS will dramatically lessen the administrative load from the hiring requirement through to the engagement. Further to this, we will utilize our best practices to take you from 'req to cheque' without the traditional headaches associated with hiring.
It has often been said that you cannot manage what you do not measure. The Flextrack VMS will ensure you have a clear picture of your contractor spend through on-line, on-demand consolidated reporting that will provide insight into spend based on your business units, divisions, departments, and projects.
With Flextrack, you can expect:
- Cost Savings – Clients can expect to see an overall reduction of 10-15% of their overall contractor spend through:
- Rate control and rate card management
- Vendor and direct hire rate negotiation
- Reduced administration fees
- Automation of current manual processes, which will reduce task time resulting in increases in efficiencies, economies of scale, and realization of untapped synergies
- Easy to Access, Easy to Use, PDA-Enabled
- Flextrack can be accessed from anywhere in the world , all you need is an internet connection
- Unlike our competitors, Flextrack is PDA-enabled allowing managers and executives to quickly move processes along at a time and place convenient to them
- One of our most cited strengths is the ease of use and training, leading to a high degree of user acceptance. Managers are up and running with less than 15 minutes of training
- Seamless Integration
- Flextrack is easily integrated into your existing infrastructures and application environments. Implementations typically take less than 45 days with zero compromise in the breadth and depth of our service offering.
- Flextrack has strong experience and a proven successful track record of integration with financial and back-office systems such as Oracle Financials. This provides a dramatically easier invoicing process and significantly reduces the burden on your full time staff
- White Labeling and Customization
- In each implementation, the VMS is white-labeled to match the look and feel of your existing applications. Because Flextrack’s services and development are provided in-house, no other VMS will be able to provide you with the level of flexibility that we offer
- In each implementation, the VMS is white-labeled to match the look and feel of your existing applications. Because Flextrack’s services and development are provided in-house, no other VMS will be able to provide you with the level of flexibility that we offer
- Vendor Acceptance and Vendor Management
- Flextrack is the vendor’s VMS of Choice. Over 100 vendors presently interact with the Flextrack application, and they recognize the value of our easy-to-use interface, our dedication to responsiveness and our swift turn around on their payments
- Our VMS focuses on providing real-time feedback to vendors on requirements allowing them to concentrate their efforts where the client is best suited
