Deployed is a decision and document intake platform – built for services procurement and external talent for projects that start smarter and finish stronger.
Deployed enhances Vendor Management platforms by automatically posting supplier, personnel and cost data from a statement of work into the relevant fields in the VMS, with no need to re-type into those systems.
As an intake a digital drafting platform, our universal connector integrates into all of your existing management platforms. Our proprietary presignature® technology replaces Word and uploading to make vendor management platforms 10x better for reporting and management. Forget clunky Word document templates and re-keying data into your systems. Deployed is the leading platform that offer a user-friendly and visually appealing approach to requests and drafting that requires no training, and gets fast adoption.
Deployed’s unique features:
· Incredible consumer grade interface for easy writing
· AI used for better writing for clear project documentation
· Searchable scope libraries written by leading experts
· Fulfilment channel libraries for the right supply choices
· Benchmark data from 250B+ services spend
· Fully integrates into and enhances all management platforms
Deployed’s Digital Intake and Drafting enhances Vendor Management Systems (VMS).
Vendor Management Platforms Manage Vendors and Contracts. Usually this starts with an uploaded Word document. Deployed replaces Word and uploading, by integrating directly into Vendor Management Platforms for management via the Vendor Platform.
Where do Vendor Management Systems sit in your tech stack?
Vendor Management Systems (VMS) is a downstream platform with most features post signature. Deployed’s presignature® features therefore fit perfectly into your tech stack.
What is a Vendor Management System?
Vendor Management Systems (VMS) are software platforms designed to facilitate the procurement and management of contingent workforce and services. These systems provide end-to-end management of the entire vendor lifecycle, including sourcing, onboarding, tracking, and payment of vendors and contractors.
Vendor Management Main Features:
1. Vendor Onboarding and Registration:
• Streamline the process of onboarding new vendors and contractors.
• Collect and manage vendor information, compliance documents, and certifications.
2. Sourcing and Procurement:
• Facilitate the sourcing of contingent workers and services.
• Manage requests for proposals (RFPs) and vendor selection processes.
3. Contract Management:
• Create, negotiate, store, and manage contracts with vendors.
• Monitor the entire contract lifecycle from initiation to renewal.
4. Workforce Management:
• Track and manage the deployment of contingent workers.
• Monitor worker performance and project progress in real-time.
5. Compliance and Risk Management:
• Ensure vendor and contractor compliance with regulatory and corporate policies.
• Conduct risk assessments and manage vendor-related risks.
6. Financial Management:
• Handle invoicing, payments, and financial transactions with vendors.
• Track budgets and expenses associated with contingent workforce engagements.
7. Analytics and Reporting:
• Generate detailed reports and analytics on vendor performance, spend, and compliance.
• Provide insights to optimise vendor management strategies and decision-making.
Vendor Management Value Proposition:
1. Increased Efficiency:
• Automate and streamline vendor management processes, reducing administrative burdens.
• Improve the speed and accuracy of sourcing, onboarding, and managing vendors.
2. Cost Savings:
• Optimise procurement and workforce management to reduce costs.
• Identify cost-saving opportunities through detailed spend analysis and performance tracking.
3. Enhanced Compliance and Risk Management:
• Ensure adherence to regulatory and corporate standards.
• Mitigate risks associated with vendor and contingent workforce engagements.
4. Better Vendor Relationships:
• Foster better communication and collaboration with vendors and contractors.
• Enhance transparency and accountability in vendor relationships.
5. Data-Driven Decision Making:
• Leverage analytics to make informed decisions about vendor performance and workforce management.
• Gain insights into procurement and workforce trends to drive strategic initiatives.
Example Leading Companies:
1. VNDLY
3. Beeline
5. Workday VMS
Vendor Management Systems (VMS) are crucial for organisations looking to optimise their procurement processes, enhance vendor relationships, and ensure compliance with regulatory standards. By leveraging these platforms, businesses can achieve greater efficiency, cost savings, and improved overall performance in their vendor management activities.
