Conquered by a Vendor Management Software Solution

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Challenges
a Vendor Management Software Can Conquer

• FlentisPRO Assists in Resolving the Major Issues
  in Business

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Accounts To Discuss
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• What are the Major Issues an Organization Faces?

• Lack of Aptly Skilled Workforce

• Talent Scarcity

• Too Pricey Contracts

• Candidate Misclassification

• Attendance Invoice Mismanagement

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• Compliance Document Storage Issues

• Compromised Security When Handling Sensitive
  Information

• VMS Assisting in Resolution of the Problems

• The Conclusion

• Contact Details

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Major Issues Faced by Organizations

• Several businesses face a fall and are not able
  to get ahead of their competitors due to several
  reasons.
• Some crucial obstacles faced by the firms are
• Unable to find the right candidate
• Not having an effective workforce
• Onboarding expensive talents
• Complex vendor management
• Messed up invoices
• Storage struggles and data loss
• Data theft and unsecured systems

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ISSUE 1 Lack of Talent or No Talent
SOLUTION Talent Pools.

• It is very easy for companies to choose a wrong
  candidate. Sometimes organizations drop a
  candidate because they find them too pricey. Most
  of the times businesses are unable to choose the
  right talents as they are not sure of the
  candidates interests, skills, preferences, and
  how well they could fit the company.

• A Vendor Management System has a wonderful
  feature of Talent Pools. This collective area
  acts like the candidate profile storage. In a
  talent pool, all the candidates are segregated
  based on their skills, interests, availability,
  etc., making it easier to select and onboard a
  candidate when necessary. This feature assists in
  hiring the best talent that is most relatable to
  the work atmosphere of your business.

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ISSUE 2 Unsatisfactory Workforce
SOLUTION Bulk Hiring Through Candidate Pools.

• When you need to fill in requisitions and need to
  fill in a lot of positions, companies choose to
  hire candidates that are not too costly and fit
  in the job role. After some time of bulk hiring,
  they offboard candidates in bulk due to
  undesirable results. Companies fail to keep the
  record of the candidates they screen which leads
  to a bulk termination.

• Candidates cross several tests and reach the
  candidate pool, which means that their skills are
  top-notch. A vendor management software solution
  can sort out this problem as it helps achieve a
  skilled team rather than bulk labor. Therefore,
  instead of having a lot of team members in your
  organization who are mostly of no use to the
  company can be avoided and replaced with a few
  strong talents that add more value to the
  companys deliverables. Remember quality over
  quantity.

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ISSUE 3 Talents are Costly
SOLUTION Cost-effective Talents.

• Do you feel that choosing top talents can burn a
  hole in your pocket? Well, this is a myth. Mostly
  businesses tend to lose out on the best talent
  thinking that they wont be affordable and may
  just not match the work culture of the company.
  Additionally, after rejecting the candidate, they
  lose out on the contact and are unable to track
  down the same in future.

• You can have the best candidate working for your
  organization at the best value. The VMS Software
  assists in choosing the right candidate for your
  projects. These top talents add more weight to
  your deliverables making your organization win a
  lot of brownie points. A company must always
  choose quality over quantity when it comes to
  handling delicate projects.

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ISSUE 4 Poor Vendor Management
SOLUTION Blended Workforce

• Mismanagement in your company shifts your focus
  from the main problematic areas. Until this issue
  is not resolved, you cannot attend to the other
  important things like the performance of your
  employees, or the kind of project received and
  how it can be worked upon.

• An organization doesnt necessarily need their
  entire workforce to come down to the office and
  work and we have clearly noticed this during the
  pandemic, COVID-19. A VMS helps in managing your
  entire team (filled with SOW agreements,
  part-time employees, full-time laborers,
  freelancers, and remote workers) just with a
  couple of clicks. So, if you have thousands of
  employees or even ten thousands or more, a VMS
  can smoothly manage your workforce

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ISSUE 5 Invoicing Problems
SOLUTION Automated Invoice

• Creating an invoice for ten employees is easy.
  But what about creating invoices for hundreds of
  people? Or maybe thousands? Or probably ten
  thousands and more? Got dizzy? Invoicing is an
  issue when it has to be done manually. But gone
  are the days where people needed to use paper to
  create multiple invoices

• Invoices on a VMS portal are automatically
  generated, which saves you time and effort.
  Payrolls are made easier as everything is
  documented on the portal. It internally goes
  through several checks that a human mind may miss
  out. But an AI feature never misses out even the
  slightest of detail

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ISSUE 6 No Storage, Less Storage, and Out of
Storage
SOLUTION A Cloud-based VMS System.

• Many organizations usually face this common
  problem of running out of storage or unable to
  find a proper storage on a portal. Even if the
  company finds a good portal, it may not provide
  enough storage for your documents and other data.
  Storage can be a big problem for a multi-national
  organization. Mostly, this storage either has a
  price tag, is available for a limited time, and
  is not cloud-based.

• Everything is cloud-based. Hence, it can be
  accessed from anywhere and at any time, that too,
  from any device. All your documents, data,
  contracts and other information can be located on
  the VMS Software.

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ISSUE 7 Unsecure Portals
SOLUTION Password-protected Platform.

• Data is very confidential for any organization.
  Since everything has become digitized, any random
  portal cant be used as data theft has become on
  the rise too. Additionally, you wouldnt want to
  share all of the data with everyone.

• A good VMS makes sure that your data is not
  leaked anywhere. Information can be accessed by
  stakeholders who have access rights and the login
  credentials of the platform. Having a cloud-based
  password-protected portal just makes you relieved
  and shifts your focus on to other issues.

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How Can a VMS Assist in Resolving the Problems?

• A Vendor Management System, like FlentisPRO, was
  invented with the thought of making management
  and other vendor-related issues seem less
  problematic. Over the years, with digitization,
  the VMS Platforms also upgraded in order to cater
  to the needs of businesses.
• FlentisPRO has revolutionized with time and has
  now become the best Vendor Management Software
  System in the USA. It has several features like
  in-built video conferencing, Learning Management
  System, Application Tracking System, talent
  pools, cost-effective solutions, customizable
  platforms for different organizations, track
  timesheets, and much more.
• This VMS System does not just focus on the vendor
  management, but also allows you to have a
  centralized view of your entire business. To
  several clients, this is the smoothest vendor
  management software.

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Conclusion

• In conclusion, it is evident that multinational
  organizations need a Vendor Management Software
  Solution to cater to their daily management
  needs.
• Whether it is managing the vendors, procuring
  them, keeping a track of employees performance,
  generating invoices, storing contracts and other
  data, or having a better candidate experience, a
  VMS Portal can be the best thing to integrate
  with.

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Thanks!

• Do you have any questions?
• info_at_flentis.com 1-888-541-5551
• www.flentis.com

• www.linkedin.com/company/flentis-pro