PRO Unlimited - Best Vendor Management Solution

Company: PRO Unlimited, San Francisco, CA
Company Description: PRO Unlimited offers the industry's most comprehensive and holistic platform for contingent workforce management, and helps organizations around the world address the costs, risks and quality issues associated with managing the non-employee workforce.
Nomination Category: New Product & Service Categories - Business Technology
Nomination Sub Category: Vendor Management Solutions

Nomination Title: Pro Unlimited Wand's VMS

Released December 2020

PRO Unlimited, through its Wand® Vendor Management System (VMS) and Managed Services Provider (MSP), helps organizations worldwide address the costs, risks and quality issues associated with managing a contingent workforce.

Wand VMS is the most robust omnichannel VMS solution on the market. Through a highly consumerized user experience and cutting-edge technology – including its new RatePoint on-demand hiring intelligence – Wand provides capabilities and innovations unmatched by any other software in the industry. It enables managers and program owners to effectively manage all aspects of their contingent workforce.

Used globally by some of the world’s biggest brands, including Fortune 1000 companies in more than 100 countries, core capabilities of Wand include:

-Total contingent workforce management that includes onboarding and offboarding, timecards and expenses, performance appraisals, and much more
-An intuitive omnichannel experience for managers, suppliers and workers, including comprehensive native apps on the iPhone, Android, iPad and Apple Watch
-Direct sourcing with the Wand private Talent Network module
-Analytics and reporting with the Wand Discovery module
-SOW project sourcing and management
-Supplier scorecarding
-Groundbreaking D&I capabilities that increase worker diversity, diversity intelligence and supplier diversity
-A cutting-edge AI platform, highlighted by real-time, AI-driven matching and ranking of job candidates

In addition, Wand’s new RatePoint hiring intelligence enables users to achieve a deep understanding of market rates based on a number of criteria, leveraging the industry’s largest data repository. This on-demand access empowers users to make more informed hiring decisions and optimize the cost and location of resources globally.

Wand’s RatePoint intelligence enables users to:

Easily and accurately price contingent labor for all positions globally, harnessing the world’s largest market rate dataset

Perform analysis of labor costs and view trending information in different global markets, facilitating hiring of remote workers in lower-cost, previously untapped locations

Understand how different skillsets, locations, rate types, engagement types and experience levels impact bill and pay rates

Quickly perform real-time, side-by-side rate comparisons via an interactive dashboard

In summary, Wand VMS delivers a comprehensive solution for all the stakeholders in the contingent labor ecosystem/supply chain, including procurement and HR leaders, department heads, managers, workers and suppliers.

Wand VMS has helped clients across industries drive cost savings, increase talent quality, and ensure compliance. Recent xamples include, but are not limited to:

Enhancing Worker Redeployment: A leading life-sciences company began using a Wand redeployment dashboard to match new opportunities with existing workers to drive savings, efficiency and quality. Since it began using the dashboard, time to fill and worker survey ratings have been substantially better for redeployed fills compared to other fills (33% and 12%, respectively). The redeployment dashboard has also helped reduce recruiting, onboarding and vacancy costs.
Improving Workforce Visibility: Wand Discovery provided a global $2 billion software company with a “single source of truth” across systems while providing complete contingent workforce visibility across all countries.
Increasing Program Efficiency: In its first year using Wand VMS, an industry-leading gaming company generated $400,000 in cost savings, reduced time to fill by three days, and achieved a 99.3% manager satisfaction rate.
Minimizing Rogue Spend: Using Wand’s tracking and scorecarding capabilities, a large global financial company reduced infractions by 52%
Reducing Unnecessary Overtime: During the course of the first year of implementing an overtime reduction initiative, a mid-size U.S. distribution company reduced overtime usage by 33.6%, which translated into more than $340,000 in savings.
Accelerating Interview Scheduling: A global health service company sped up its interview scheduling process by three days by using Wand Mobile
Optimizing SOW (Services Procurement) Spend: A large consumer products company wanted to better track and understand its SOW spend so it could improve the adoption and utilization of its program. By leveraging Wand’s capabilities in these areas, it increased program size 59% and the percentage of projects with headcount data 7X.

In addition, across PRO’s client base, organizations that use Wand Mobile for their contingent workforce management have seen an average improvement in time to fill of nearly 25%. Wand Mobile has also driven a 32% increase in worker feedback surveys, leading to more informed hiring decisions.

Wand Mobile boasts a 4.3 rating in the Apple App Store. The Wand Mobile Suplier App has tallied a 4.4 rating.

https://apps.apple.com/us/app/wand-mobile/id421031585

https://apps.apple.com/us/app/wand-mobile-supplier/id1405547481