Our Vendor Management Software and Services approach is a unique combination of managed services, real time actionable information and a state-of-the-art services procurement platform that delivers the broadest view of savings; empowers quantifiable, results-driven decision-making; and continuously manages, improves, and expands savings across geographies and service categories. ESG’s Web-based Vendor Management Software (VMS) automates the process of procuring, managing and analyzing contingent and project-based labor. In addition, through ESG's Vendor Management Software, companies can budget, track and pay time and material and fixed-price milestone payments through consolidated invoicing. Our service advantages and capabilities include:

Control

Single, flexible solution to centralize global contingent workforce compliance with corporate staffing and spend policies

Vendor-Neutral Procurement enables companies to acquire their contingent and project-based labor through automated job or project requisitions, electronic approval workflows, automated interview scheduling, filtered screening and evaluation, and streamlined candidate processing.

Guided workflow for hiring managers, spend owners, suppliers

Supplier Management submits requests only to approved vendors, maximizing their volume and providing customers with the ability to realize volume discounts and market-competitive bill rates. Automation, instant electronic communications, Business Intelligence. Reports providing full visibility across financial, compliance and vendor performance. We empower customers to track and address key business issues before they impact the performance and cost of their procurement process.

Cost Saving

Time & Expense Management allows tracking and reporting of contractor time and expenses. Timesheet and expense report entries are approved online as determined by user roles. Time can be assigned to multiple tasks to enable accurate project accounting and/or cost allocation across divisions.

Consolidated Billing & Invoicing sends one consolidated invoice to the customer after the close of the customer-defined billing cycle. This invoice includes only the time approved during the billing cycle for resource assignments and approved fixed-price milestones for projects. Upon payment from the customer, we promptly pay vendors.

Visibility

Real time visibility provides access to enhanced reporting across spend categories. Market rate benchmarks by region and title. Auditable processes and requirements.

For more information, please contact Susan Slakey at (408)855-4113 or e-mail at sslakey@esginc.com