Vendor Management System (VMS)
A VMS is software used to manage the end-to-end lifecycle of contingent workers and staffing suppliers: requisitions, candidate submission, timekeeping, invoicing, and reporting. Common enterprise VMS platforms include SAP Fieldglass, Beeline, and Coupa Contingent Workforce.
VMS is the system of record for a contingent workforce program. It enforces approvals, rate cards, tenure limits, and supplier scorecards. VMS is usually operated in partnership with an MSP that handles the sourcing and compliance work the software cannot do on its own.
Explore
Related terms
Need this applied to your workforce?
Tell us how this applies to your hiring or workforce requirement. A real person replies with a relevant next step; no meeting is required to start.
Talk To An Expert