Workday VNDLY VMS

Workday VNDLY VMS is a vendor management system that streamlines contingent labor management by integrating with Workday Human Capital Management (HCM). The solution provides end-to-end visibility into the extended workforce, so you can manage your extended workforce more effectively and efficiently.

Workday VNDLY VMS offers a range of key features:

• Extended Workforce Management: Integrates your technology ecosystem to improve planning, management and analysis of contingent labor needs.
• Statement of Work (SOW): Centralizes complex projects in one place, mapping and tracking SOW requirements for contingent labor.
• Worker Profile Management: Captures baseline information quickly to better understand and make decisions about extended workforce programs.

With automation and machine learning, the system helps HR, finance and procurement teams improve operational efficiency, get a better view of the workforce and manage compliance and risk. It also supports global operations, including invoicing, employment laws, data regulations and other complexities of working across borders.

Some of the key benefits of Workday VNDLY VMS include:

• Increased Efficiency: Saves time and reduces manual effort with consolidated invoicing, streamlined approval processes and simplified time and expense entry.
• Workforce Visibility: Makes data-driven decisions with easy access to contingent worker headcount, performance, projects, spend and other key metrics.
• Compliance and Risk Management: Standardizes workflows, automates processes and manages contract employee access in a single system of record with industry-leading security safeguards.

Workday VNDLY VMS is designed for organizations that want to streamline and optimize contingent labor management. It offers an intuitive user interface, global digital invoicing, smart reporting and robust integration. It spans the entire worker lifecycle, from sourcing and onboarding to automated invoicing, managing tenure and compliance, and offboarding.

Published on July 6, 2024