07 Jan Workforce Data Done Right: The difference of reporting with a future-proof VMS
Real-Time Insights, Real-Time Results: How a future-proof VMS transforms reporting
Legacy vendor management systems (VMS) continue to put their users through the struggle of outdated tools, slow and inaccurate reporting, and incomplete workforce data insights. At the same time, the contingent workforce market is visibly transforming with an explosion of new tools, AI capabilities, and a growing, more engaged extended workforce.
Relying on support from IT teams (or legacy solution support teams), waiting to pull essential reports, struggling with limited customization options, teams going outside the designated tools, and dealing with siloed data are just the most common frustrations that hinder talent growth, organizational productivity, and decision-making. More and more organizations are recognizing the power of data and demanding better, seamless access to their own. Legacy and ERP-owned VMS aren’t capable of meeting the demands of future-focused contingent workforce programs, leaving their users stuck in inefficiency.
Here’s how we’re making your extended workforce data
work for you:
Immediate access to custom insights powered by AI
Waiting for support or struggling to pull the data needed for accurate reporting is often one of the struggles legacy VMS users face. With Flextrack’s Report Builder, any field – even a custom field – is reportable the moment it is created. Reporting on it is made simple with drag-and-drop capabilities. That means whether you need insights on workforce trends, supplier or contractor performance, project costs, or talent spend, Report Builder empowers your teams to dive into data that matters most, instantly, and with little to no training required.
Beyond that, Report Builder can be leveraged to predict future success and possible contingent labor program shortcomings. It can even spot growing trends with predictive capabilities that are constantly updated and kept secure by Salesforce.
Real-time advanced analytics for streamlined decisions and team productivity
With Access to on-platform reporting, decision-making has never been easier. Powered by Tableau, Flextrack’s on-platform analytics transform comprehensive program data into critical business insights that are immediate and actionable. Native to the Salesforce platform, Tableau is a powerful analytics platform that can integrate with various data sources and offers a 360-degree overview of your team, and offers support and comprehensive workforce planning by making your information easy to access and understand.
From budget tracking to talent forecasting, our intuitive dashboards ensure your decisions are always grounded in the latest data that is complete, correct, and unbiased; this means real-time compliance and visibility that reduces violation risks.
As part of the Salesforce capabilities delivered by Flextrack, Tableau benefits from enterprise-level security and scalability, ensuring it meets the needs of organizations of all sizes while keeping data protected.
DID YOU KNOW?
Legacy VMS’ often use fourth party reporting packages.
Accountability made simple
Overseeing your vendors and contractors shouldn’t require micromanagement. With automated supplier performance, you can evaluate contractor costs, supplier quality, and automate reporting to the correct funnel with preset instructions and reports. You can even predict performance based on current trends and analysis. Your team can hold suppliers accountable without permission creep and with predefined metrics and fast access to data if necessary. Set it and let the VMS help you stay ahead of issues as your vendor relationships become stronger and more attuned to your organization’s needs.
Meet FlexAI
Have you ever wanted to open a chat in your VMS and ask it to recommend a few vendors based on your data or geographical location? Or suggest optimal salary ranges for a position you’re looking to fill in a SOW? Users looking for efficiency and cost savings can do it all and more using our enhanced generative AI capabilities in the analytics suite with on-platform FlexAI.
The contingent workforce market changes drastically and quickly – FlexAI is a tool that provides managers with immediate data and guidance that can save time and resources.
A future-proof VMS is created through experience
As extended workforce specialists ourselves, Flextrack’s creators have lived these challenges firsthand and used our experience of over 15 years in delivering extended workforce technology to create a solution that will never be hindered by technological innovation, growing workforces, or expanding organizational demand.
We’ve rearchitected our solution, leveraging Salesforce Platform as a Service technology to put user data in the hands of owners while optimizing their insights into easy-to-understand, actionable insights and solutions. Our novel approach is what enterprise organizations need to transform and future-proof their non-employee workforce programs.
