Provade is a Vendor Management System (VMS) that is focused on Services Procurement and Statement of Work (SOW) for today’s modern workforce. Built on Oracle’s enterprise platform, it has helped many businesses realize significant benefits in their contingent workforce management and services procurement programs.
Provade has been hailed as breaking the mold of typical VMS application platforms for large and medium-sized businesses for nearly a decade. A deep and broad knowledge in contingent workforce management and procurement taken into account in its development, covering a spectrum of services from enterprise solution development to the daily operations of client-side management.
Provade is a Vendor Management System (VMS) that is focused on Services Procurement and Statement of Work (SOW) for today’s modern workforce. Built on Oracle’s enterprise platform, it has helped many businesses realize significant benefits in their contingent workforce management and services procurement programs.
Provade has been hailed as breaking the mold of typical VMS application platforms for large and medium-sized businesses for nearly a decade. A deep and broad knowledge in contingent workforce management and procurement taken into account in its development, covering a spectrum of services from enterprise solution development to the daily operations of client-side management.
Specifications
24/7 Support
Yes
Business Size
Mid-Market
Deployments
Cloud
Language Support
English
Platforms
Product Details
Features
Contingent workforce management
Statement of work and project procurement
Analytics
Access to Oracle Business Intelligence
Benefits
Provade VMS increases effectiveness and drives cost savings in a company’s workforce management program.
It standardizes the requisition and fulfillment process to save time, increase oversight and improve end user satisfaction, streamlining time, expense and invoice transactions for greater efficiency and control. It also manages supplier performance and ensure delivery of the best contract talent at the best rates.
Provade VMS also helps increase visibility and management of statement of work (SOW) and services procurement.
It automates supplier proposals, SOW creation, change orders and milestone reviews and streamlines time and expense entry and approvals, milestone billing and invoicing for independent contractors and service providers. It also reduces expenses that may be incurred in such work by enabling services procurement best practices and enforces compliance with contract terms, hourly rates, milestone parameters and performance metrics.
Through dashboards, users can drill down, modify an existing report or create a new report from scratch.
They can analyze trend reporting against performance benchmarks to refine strategies by measuring cost savings and identify process improvements. The administration module was designed to provide highly customized configurations without the need for code development, providing quick implementation and ease of maintenance. Users can build business unit hierarchies, user permissions, and accounting codes according to each customer’s requirements.
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