Prosperix VMS

The Prosperix VMS Network is a Vendor Management System (VMS) with a built-in Hiring Marketplace. According to the vendor, this solution is designed to streamline contingent workforce management for businesses of various sizes. It is targeted towards human resources departments, staffing and recruitment agencies, procurement and supply chain teams, as well as financial services organizations.

Key Features

Built-in Hiring Marketplace: According to the vendor, the system provides access to a continually expanding network of suppliers and candidates, aiming to facilitate faster hires and higher job-fill rates. The platform offers talent from diverse geographies and skill sets.

Intelligent Algorithms: The vendor claims that the system incorporates intelligent algorithms to enhance program efficiency and results. It utilizes AI-driven sourcing, tiering, and performance management to dynamically match suppliers and distribute jobs for optimal outcomes.

Automated Supplier Management: The system aims to reduce friction and optimize processes with automated supplier management. The vendor asserts that it simplifies contract administration, supplier vetting, and onboarding, streamlining operations.

Real-time Reporting and Analytics: The system offers real-time reports, analytics, and scorecards to boost visibility, transparency, and performance. According to the vendor, users can gain valuable insights to inform decision-making and drive continuous improvement.

Flexible Workflows: The system provides an intuitive drag-and-drop interface, allowing users to customize hiring workflows based on their exact specifications. The vendor claims that this flexibility enables enhanced efficiency and adaptability.

Candidate-centric Experience: The system aims to empower candidates by providing control and visibility throughout the hiring process. According to the vendor, candidates can manage their profiles, apply to jobs, schedule interviews, and receive status updates for a seamless experience.

Reduced Duplicate Submissions: The system includes a digital right-to-represent function to avoid duplicate candidate submissions and improve efficiency. The vendor suggests that this feature helps streamline the hiring process and eliminate redundancy.

Immediate Setup and Go-live: The vendor states that managers can start using Prosperix VMS Network immediately, thanks to its simple set-up process and in-app training. They claim that this allows for a faster implementation and quicker results.

Vetted Talent Suppliers in Hiring Marketplace: The system provides access to a large pool of vetted talent suppliers. The vendor asserts that users can connect with reputable suppliers to ensure quality and reliability in their contingent workforce.

Industry-specific Metrics: The system offers industry-specific metrics to measure success. According to the vendor, these metrics include supplier submissions per job, faster time-to-fill, quality of interviewed candidates, job fill rate, and supplier bill rate compliance.