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Flexible Platform: The Open VMS Strategy
Flexible Platform: The Open VMS StrategyA Vendor Management System (VMS) offers an end-to-end automated package solution to perform tracking, approval process, job requisition distribution/fulfillment, time management, consolidated invoice, and reporting functions for your contingent staff. The selection of the right Vendor Management Solution is a critical one for your organization to make.

Unlike others who are tied to proprietary systems, MATRIX maintains “open” alliance with numerous VMS vendors, not just one. We base our recommendations on which tool best fits your interests, not ours. In addition, MATRIX combines highly evolved staffing processes with the superior technical features and functionality of a VMS technology platform—to deliver an all-inclusive and fully customized Managed Services package.


Vendor Selection Criteria
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  • Pricing structures
  • References from other customers
  • Number of successful installations
  • Financial strength of the VMS supplier
  • Sound approach to insuring that critical suppliers are enthusiastic participants
  • Staffing Subject Matter Expertise, especially in areas of highest possible cost savings, including engineering/IT
  • Ability to interface and integrate with existing back office systems (e.g. Oracle, SAP on financial side; and other project management tools that may track hours that consultants work on projects)
  • Ability to support implementation and configuration
  • Ease of navigation so that users can be easily trained
  • Data security; server redundancy
  • Scalability from a few to thousands of vendors, consultants, users
  • Plans and visions of bundling their VMS applications with other purchasing and HR applications ( HR-XML compliant)

Features and Functionality of an Open VMS System
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Open VMSMATRIX Open VMS is a flexible solution that automates interactions between you and your vendors in the permanent, contract, and temporary staffing marketplace. The system creates a centralized, Web-based community that allows a client to instantaneously communicate detailed resource requirements to multiple tiers of vendors, enabling vendors to respond in a timely, standardized format. Specific inquiries and/or engagement clarifications between you and your vendors are also easily communicated for all participants to view and respond to accordingly.

The solution provides numerous configurable elements to allow you to tailor the workflows in the application to fit your processes. The result is a service that is aligned with business practices and delivers maximum value with minimal training.

Work Flow of VMS Application

Client/Company Advantages

Features
Benefits
Pre-constructed, uniform job requisition templatesFast and easy way to create job requisitions that include detailed job descriptions.
Configured approval process that tracks all approvals and rejectionsOnly approved contract workers are hired
Rate card can be tied to requisitionEnsures clients are getting best rate based on rate surveys and not on hiring manager’s negotiating skills
Requirements are immediately distributed to all approved vendorsContractually approved vendors will begin recruiting efforts immediately
All submitted candidates are ranked and viewable in one placeEase of candidate comparison, reduction of e-mail volume, and no lost resumes
Vendors engage in competitive biddingRates are reduced as vendors reposition candidate’s rate(s)
Questions, rejections and interviews are coordinated and trackedQuality of vendor submittals will be tracked for vendor performance evaluations
Standardization and tracking of logistics includes log-on ID’s, building passes and equipment. Tracking and notification creates a more secure network and more secure work environment
Consultants performance evaluations are capturedA permanent repository of consultants value is created, ensuring poor performers/vendors are not re-hired

Vendor Advantages

Features
Benefits
Immediate receipt of approved requisitionsEnthusiastic response; eliminates daily “cold calls” to obtain requisitions
Receipt of more detailed job descriptionsAids in identification of truly qualified candidates
Receipt of all appropriate requirementsMaximizes efforts of existing sales staff
Ability to competitively price candidatesNo wasted time spent on candidates that are too expensive
Immediate notification re: requirement updates and changesIncreased efficiency and better candidate feedback

Consultants

Features
Benefits
Vendors notified immediately about requirements Reduction of resume submissions to incorrect or closed positions
Vendors notified about submitted candidatesReceive current information about requirements and status
Vendors can competitively bid Opportunity to still be considered rather than eliminated

Time and Expense Capture of VMS Application

Client/Company Advantages

Features
Benefits
All consultants use Web-based time and expense reportingEliminates lost faxes or need for paper-based approvals
All consultants use identical time and expense formatAll consultants will be on identical time reporting schedules; eliminates disparate formats
Time can be reported against multiple projectsMore accurate data about consultant utilization
Can be configured for Web-based approvalsFaster approvals as manager can view all time sheets in one location. History of approvals is easily tracked.
Overtime rules can be configuredWeekly hours can be capped, helping control burn down rate
Can be configured to push or pull data from existing time capture and/or project management systemsMinimizes change management and takes advantage of additional features offer by VMS

Vendor Advantages

Features
Benefits
Consultants use MATRIX Web-based time and expense reporting systemEliminates requirement for Vendors to develop their own Web-based time system
Automated time capture is more efficient and minimizes reporting errorsImproved cash flow as accurate invoices are remitted in a timely manner
Managed Services Provider coordinates consultant time sheets and client billingVendor able to reassign internal resources that were previously assigned to coordinate accounting and administrative responsibilities
Configurable e-mail to remind consultants of time sheet deadlinesAutomated notification reduces the weekly reminder calls

Consultants

Features
Benefits
Electronic approval processNo need to track down appropriate party for handwritten approvals
Can be configured for proxy approvalBack-ups available for approval
Can be configured for proxy entryStaffing firm or manager can enter time on consultant behalf

Robust Reporting

Client/Company Advantages

Features
Benefits
In-depth financial reporting availableData can be configured to show spending by manager, skill set, consultant, time, project cost center, etc.
Statistical data to analyze vendor performanceCompare vendors on cost, response time, ratios, the strength of their contractors, etc.
Permanent repository of consultant performanceIntermittent and final evaluations of consultant performance will eliminate repeat engagements of poor performing consultants.
Better understanding of internal use and costs for contingent laborImmediate visibility into each department’s, location’s and manager’s use of contingent labor

Vendor Advantages

*Vendors will not have direct access to report

Features
Benefits
Vendor performance statistics can be shared with vendor communityVendors’ desire to know their level of performance typically will increase their effort and performance

Consultants

*Consultants will not have direct access to report