An Introduction to Funding Models and Pricing Methods for a Vendor Management System (VMS)
As contingent workforce programs become more strategic, and the VMS technology to support them becomes increasingly sophisticated, the funding models and pricing methods used to pay for this vital capability has become more sophisticated as well.
No “one size fits all” funding model or pricing method works best for all companies. This 8-page whitepaper describes a variety of funding models (supplier-funded, client-funded, and hybrid) and pricing methods and compares the advantages and disadvantages of each.
Download this complimentary whitepaper to:
Learn how your funding and pricing choices affect your ability to measure program ROI
Understand how financial complexity can actually add value
Read why some VMS providers are not equipped to support the funding model and pricing method that is best for your business
There are multiple ways to fund a VMS, but whatever funding model and pricing methods you adopt, you can expect to achieve both hard-cost savings and soft-cost savings from your VMS implementation. Typically, savings or cost avoidance amounts to 10 and 30 percent of nonemployee workforce spend.
Learn how to identify the VMS funding model and pricing methods that will best meet your current and future needs without locking you into a financial approach – or a VMS provider relationship – you will later regret.