Magnit Vendor Management System Description

Our Vendor Management System (VMS) offers an all-encompassing solution tailored for a diverse range of stakeholders within the contingent labor ecosystem, such as procurement and HR leaders, department heads, managers, workers, and suppliers. Effortlessly oversee your entire contingent workforce and manage worker lifecycles through a single Integrated Workforce Management (IWM) platform. Leverage advanced, AI-powered features to drive significant savings. Control bill rates and benchmarks using the most extensive dataset available for contingent labor. Obtain valuable insights throughout the entire contingent workforce lifecycle from one reliable source. Enjoy enhanced visibility into program data and outcomes. Access a wide array of features in just a few clicks. Being a cloud-based platform, our VMS ensures a persona-driven user experience that is completely integrated. Real-time data synchronization across all profiles and devices enables smooth transitions between web, tablet, phone, and wearable devices. You can effortlessly review candidate resumes and schedule interviews at your convenience, ensuring that you never miss an opportunity to connect with top talent. This level of accessibility empowers organizations to make timely and informed decisions in managing their workforce.

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Riskonnect’s Active Risk Manager is a robust risk management solution that empowers organizations to oversee risks comprehensively, from individual projects to enterprise-wide portfolios. It visualizes complex risk interdependencies and helps prioritize risk mitigation strategies to minimize adverse impacts on project goals. By aggregating risk information, the software uncovers trends and emerging risks, promoting proactive decision-making and risk reduction. The platform includes tools such as dashboards, heat maps, bowtie analysis, and schedule/cost impact evaluations to support detailed risk assessments. Active Risk Manager also facilitates seamless collaboration among project teams, providing role-based data visibility and ensuring security compliance. It optimizes contingency budgeting by forecasting resource needs accurately, preventing both under- and over-allocation. With automated risk lifecycle management and integration capabilities via APIs, it fits easily into existing enterprise ecosystems. Additionally, it complies with global industry standards and offers flexible hosting options, making it adaptable to various regulatory and operational requirements.
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Change the way you manage your non-employee workforce Conexis VMS, a user-friendly, cost-effective Vendor Management System (VMS), is built on the latest technologies and designed with the end-user in mind. Conexis automates the procure-to-pay process for contingent non employee contractors and their vendors. Conexis provides detailed reporting and analytics to help companies improve transparency, compliance, and cost-savings opportunities across their entire organization. Conexis is used by hundreds of thousands of people to manage their contingent workforce.
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Company Details

Company:
Magnit
Year Founded:
2010
Headquarters:
United States
Website:
magnitglobal.com/us/en/solutions/vendor-management-system.html

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Product Details

Platforms
Web-Based
Types of Training
Training Docs
Live Training (Online)
Webinars
In Person
Customer Support
Business Hours
Online Support

Magnit Vendor Management System Features and Options

Vendor Management Software

Audit Management
Contact Management
Customer Database
Self Service Portal
Supplier Master Data
Transaction History
Vendor Maintained Profiles
Vendor Managed Inventory
Vendor Performance Rating
Vendor Qualification Tracking

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