Services Procurement

All the tools you need to manage your extended workforce. In one place.

Find the right skills and capabilities to move your project forward in an agile, unified user experience.

At its core, services procurement is about finding the right human skills and capabilities to operate your business and move it forward. As workforces grow more complex and expensive, businesses are implementing services procurement solutions to augment their capabilities, execute business strategies, mitigate compliance risks, and more reliably manage costs.

 

Flextrack’s unique extended workforce Platform as a Service delivers a modern, integrated, future-proof, secure, and accessible services procurement solution with best-in-class tools in a VMS environment.

What is Services Procurement?

Services procurement broadly refers to managing services from external providers to meet specific business needs and objectives. In the context of talent, this consists of consultants performing work under a contract for outlined services or outcome-based projects based on the expertise and skills needed to complete them. 


The right solutions to plan, source, evaluate, negotiate, track, invoice, and manage these services suppliers and their workers are fundamental to services procurement.

Key challenges and risks – for businesses without a services procurement program

The following describe some of the risks businesses face if they do not implement a formal services procurement program:

Key Challenges of supporting a services procurement program with legacy technology

While many organizations use point solutions or other single-purpose technologies to manage their services procurement, these solutions are often outdated or limiting.

Lack of capabilities in legacy Vendor Management Systems (VMS)

Most VMS systems struggle with the architecture and interfaces required to integrate SOW into extended workforce programs. This results in change management and adoption challenges, leaving program offices or MSPs to find ad-hoc solutions.

Being forced into a process not designed for SOW Services

Services that are not designed for SOW tend to be inefficient and cumbersome. They lack the necessary flexibility to manage multiple, diverse engagements. This results in bottlenecks, administrative burdens, extra costs, and difficulty in assessing results.

Fractured technology impacts time to value

Outdated features and stand-alone point solutions result in complex workflows, hindering swift onboarding, efficient resource allocation, and timely project execution, ultimately delaying the realization of goals and targets.

Lack of Integration with existing Procurement tools

Lack of integration hampers the flow of information and data around services procurement, leading to manual workarounds, faulty data entry, and increased risk of error. Lack of comprehensive visibility into procurement activities makes it difficult to track and manage data, vendor relationships, contracts, and performance.

Benefits of a services procurement program:

With a smart services procurement program, businesses can expect efficiencies that support organizational strategy and growth:

01

Improved Sourcing Tools for Managers

02

Streamlined Interactions with Suppliers

03

Improved Compliance

04

Mitigated Risk

05

Enhanced Performance Measurement

06

Improved Change Management

07

Optimized Cost Saving

08

Total Visibility into the Process

09

Simplified Invoicing and Payment

10

Greater hiring manager adoption and satisfaction

11

PMO and HM workload relief

12

Improved program metrics

Flextrack makes managing services procurement faster and more complete

Customizable features and modules ensure step-by-step completion of requirements and goal alignment. Using our agile Platform as a Service gives organizations the scalability for organizational growth and new procurement targets. Flextrack offers capabilities like fluid support for T&M, SOW, and PS, integration, flow builders, and business app delivery, making the management of services contracts and workers easy and transparent.
Imagine a manager being able to craft an SOW, estimate costs, communicate with suppliers, red line, approve, and connect an SOW to any internal systems seamlessly – all from an intuitive user interface. With Flextrack, it’s all possible.

Simplified supplier management, seamless collaboration with vendors, and consistent transparency are all available out of the box.

Flextrack has a full cycle functionality to support Sourcing and Management of all your SOW engagements

With Flextrack, expect total visibility into your services spend, people, and results.

Elevate your procurement strategy with insights that fortify and future-proof your organization.

Flextrack knows that driving recruitment processes while mitigating risks requires technology that’s agile and designed specifically for the services you need. Look beyond current legacy tech capabilities and into new trends, current challenges, developing ideas, and key data to help guide your strategy into the future.

 

The roadmap is within reach.

Discover Flextrack: The Platform as a Service with capabilities you need for total access to talent, total visibility, and workforce planning enablement.

Flextrack supports all aspects of services procurement and deployment in an intuitive, easy user experience in a Salesforce powered low code environment for easy configurations, limitless extensibility, and fast changes

Discover the Flextrack Difference

Flextrack is the world’s most capable extended workforce VMS delivered through PaaS technology powered by Salesforce. With over 15 years of experience, our team contingent workforce experts designed our solutions to be seamless, agile, and integrated. With a focus on enabling a working community through creating a future-proof workforce, Flextrack’s approach is centered on a powerful tool that’s easy to customize and integrate.