PRO Unlimited - Best New Vendor Management Solution

Company: PRO Unlimited
Company Description: PRO Unlimited, through its purely vendor-neutral Managed Services Program (MSP) and Vendor Management Software (VMS) solutions, helps organizations around the world address the costs, risks, and quality issues associated with managing a contingent workforce.
Nomination Category: Product & Service Categories - Business Technology Solutions
Nomination Sub Category: Vendor Management Solution

Nomination Title: Wand VMS

If this is a brand-new product, state the date on which it was released. If this is a new version of an existing product, state the date on which the update was released: November 2020

PRO Unlimited, through its Wand® Vendor Management System (VMS) and Managed Service 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 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 appraisal, 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 via Wand’s private talent network

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 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 market rate 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 skill sets, 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 examples include, but are not limited to:

Enhanced Sourcing: A leading global financial technology organization uses Wand to streamline the sourcing process, thus increasing efficiency, improving talent quality and supporting D&I initiatives. The client generated $50.1 million in cost savings in three years and reduced time to fill by nearly 20 days in international markets.

Cost-Savings Optimization: A global solutions provider was looking for new ways to increase cost savings while maintaining talent quality. By using Wand to help increase its direct-sourcing efforts, it exceeded company cost savings goals with $3.25 million in savings in 18 months.

Improved Workforce Visibility: A leading financial services company wanted better visibility into its contingent workforce and related suppliers so it could optimize spend. By using Wand, it achieved comprehensive visibility into contingent-related activity that helped it achieve $1.9 million in cost savings in once year, including $233K in savings from newly negotiated rates.

Increase Redeployment: A global entertainment company used Wand to help launch a talent network initiative, enabling it to quickly identify potential direct-sourced candidates for redeployment, driving faster time to fill and better talent quality. As part of this broader talent management effort, it also increased payroll spend by 63% in the first two months and achieved a 93% manager satisfaction rate.

SOW Management: Looking to drive SOW management improvements, a leading insurance and healthcare solution began using Wand for services procurement and management. The result was $400K in cost savings specifically related to SOW in six months.

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 4.2 rating in the Apple App Store based on 400-plus reviews, and the Wand Mobile Supplier App has tallied a 4.2 rating.

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

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