A leading insurance company transformed its vendor management with SimplifyVMS, addressing workforce diversity and supplier performance challenges. SimplifyVMS streamlined onboarding, implemented performance scorecards, and enhanced compliance, resulting in significant cost savings, efficiency gains, and improved workforce management for the company managing a $300M-$500M annual SOW spend.
SimplifyVMS enabled precise ROI calculation per statement of work (SOW) project, addressing previous reporting challenges.
Overcame challenges of non-centralized workforce management, determining absolute and strategic value of non-employee workforce.
Improved visibility into supplier pricing, reducing costs associated with onboarding contingent labor and enhancing program ROI.
SimplifyVMS provided essential support for setting up the tool, crucial for a client without an existing VMS.
Demonstrated strategic value (ROI) to the executive team with robust reporting and analytics, driving outstanding results.
Centralized data in one channel, enabling real-time workforce reports and customized analytics, aiding in project ROI determination.
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