Workday VNDLY for Procurement
Procure the best external talent, at the right price.
Streamline sourcing processes, control costs, increase vendor governance, and manage individual contract hires through to larger project requirements with Workday VNDLY, our vendor management system (VMS).
What You Can Do
Plan smarter. Stay on budget. Remain on track.
With contingent labor spend on the rise, effectively managing vendors and contractors is key. Workday VNDLY provides an intuitive VMS to streamline and optimize how you plan, manage, and analyze your contingent labor and statement of work (SOW).
-
Global digital invoicing
-
Rate card management
-
Statement of work (SOW) and contract management
-
Job requisition creation
-
Vendor performance management
-
Time and expense tracking
-
Program and spend dashboards
Take control of your contingent labor program.
To procure services faster and within budget, you need to be able to define processes, follow progress, and assess total spend. Workday VNDLY does it all.
Enable global digital invoicing.
Access robust invoicing capabilities regardless of spend. Strengthen financial controls, increase accuracy, remove the need for invoice reconciliation, and support adherence to global compliance.
Gain cost visibility and optimize spend.
Remove the guesswork with oversight of invoicing and project billing status. Access spend dashboards and put your focus where needed with filtering options by location, vendor, or organizational unit.
Improve vendor relationships.
Provide vendors with a portal that gives them the visibility and tools they need to effectively find workers and manage tasks.
Manage spend in line with budgets.
Remain in budget via robust rate card management that allows you to set rate thresholds. Have confidence that only approved spend is converted to invoice line items.
Gain oversight of sourcing effectiveness.
Ensure your vendors are meeting business needs with vendor scorecards and dashboards that provide insights into candidate quality, vendor responsiveness, and any policy violations.
Procure to pay with seamless integration.
Workday VNDLY removes manual effort and increases accuracy with real-time, transactional integration with procurement systems. Ensure budgets are in sync and reconciled based on purchase orders, invoices, and goods receipts.