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Vendor Management Services (VMS)

Improve Visibility into Your Contingent Workforce

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Your contingent workforce, including consultants, independent contractors and temporaries, can be a powerful way to augment your direct workforce. If managed properly, this labor pool can help you minimize costs while providing additional flexibility and scalability to your current team. However, most organizations simply do not have the comprehensive visibility to standardize processes, gain efficiencies and achieve cost savings.

TAPFIN's managed service provider (MSP) approach to deploying VMS programs is unique within the industry. Based on the shared vision of business continuity, stability, quality and cost management, our efforts are designed to achieve the highest levels of success while minimizing the disruption to your ongoing operations. The resulting methodology employs industry best practices around the deployment of major initiatives and leverages our experience and expertise in the human capital supply chain sector.

TAPFIN's MSP approach combines technology-enabled management with enterprise contract labor services. The TAPFIN team manages the sourcing, selection, on-boarding, engagement and separation processes associated with contingent workers. TAPFIN offers organizations the following benefits:

  • Corporate Compliance
  • Repeatable Management Process
  • Centralized Program Administration
  • Significant Cost Savings

With our MSP solution, TAPFIN takes charge of your entire contingent staffing activities — directly supporting the administrative functions of your hiring managers by establishing performance metrics, negotiating Service Level Agreements (SLAs), monitoring vendors and contractors and managing day-to-day operations. TAPFIN's tool-agnostic approach leverages best-in-class VMS software to automate activities in a flexible, streamlined process for:

  • On-line requisition creation and approval
  • On-line requisition distribution, candidate submittal and evaluation
  • Candidate on-boarding, assignment and time card/expense management
  • Automated, consolidated invoicing
  • Comprehensive reporting and analytics

Through our dedicated vendor management team, TAPFIN becomes an extension of your procurement, human resources and IT organizations. Our team of experienced professionals works together with you to deliver quality service and support to enforce your business rules and meet your enterprise contracting needs.

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Headquarters

TAPFIN Process Solutions
4400 Post Oak Parkway
Suite 1800
Houston, TX 77027
ph: 713.386.1400
fax: 713.961.0719

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Industry Definitions

Industry terminology used on this page:
Contingent Workers 
Industry Best Practices 
Managed Service Provider 
Service Level Agreement (SLA) 
Tool Agnostic
Vendor Management (VMS)

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PDF IconVMS Solution Profile 

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