VENDOR MANAGEMENT SYSTEM
Easily manage your contractors.
Workday VNDLY helps you manage your contingent workforce. And when paired with Workday Human Capital Management (HCM), you can get a holistic view of your total workforce.
WHAT SETS US APART
Manage your contingent workforce end to end.
Increase operational efficiency.
Save time and take control of your program through extensive configurability, approval workflows, full-service statement of work (SOW), consolidated invoicing, vendor portal access, and more.
Gain workforce visibility.
Enable data-driven decision-making with easy access to contingent worker headcount, assignments, spend, vendor performance, and other key metrics.
Manage compliance and reduce risk.
Support compliance with the flexibility to configure and change settings in line with local requirements while controlling data access with role-based options.
Support global needs.
Access one global instance of Workday VNDLY to centralize your program. Leverage capabilities to support local compliance, in-country invoicing, tax management, and more.
WORKDAY VNDLY SOLUTIONS
One place to manage your global extended workforce.
Extended workforce management.
Optimize every step of your contingent labor lifecycle, from requisition to offboarding, for a more efficient and effective workforce.
Statement of work (SOW).
Keep your SOW projects on track, all in one place. Our tools make it easy to stay organized and hit your targets.
Worker profile management.
Quickly capture the information you need to better understand—and make decisions related to—your extended workforce program.
Workday VNDLY was named a Leader and a Star Performer in the VMS industry by Everest Group.
What You Can Do
Navigate the new normal.
More and more companies are relying on contract workers, and we’re here to help. Our cloud-based system makes it simple to centralize and optimize everything, so you can stay agile and get the most out of your team.
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Intuitive user interface
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Global digital invoicing
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Invoice template generator
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Self-serve configurability
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Conditional custom fields creation
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Smart reporting functionality
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Robust integration
LIFECYCLE MANAGEMENT
Empower your people throughout their journey.
Our user-friendly VMS is designed to support the worker’s entire lifecycle—from sourcing and onboarding, to automated invoicing, managing tenure and compliance, and through to offboarding.
Sourcing.
Fill skills gaps fast through automated job requisitions, candidate short lists, onboarding and offboarding checklists, and configurable role approval workflows.
Onboarding and offboarding.
Replace manual tasks with automated processes in a single system of record, ensuring your compliance and security needs are met consistently.
Invoicing.
Leverage advanced invoicing capabilities, including line‑item‑level and individual off‑cycle invoicing, digital invoicing across locations, and our custom invoice template builder.
TOTAL WORKFORCE STRATEGY
Multiply the power of Workday.
Seamlessly combine your Workday solutions. Together, Workday VNDLY and Workday Human Capital Management deliver an innovative and comprehensive suite for managing all your workers.
Vendor management system FAQs.
What is a contingent worker?
A contingent worker is anyone who does work on behalf of your organization but is not a direct employee, such as a temporary worker, consultant, or freelancer.
What is the external workforce?
The external workforce refers to workers who are contracted on a temporary basis or statement of work. This includes contingent workers, as well as services procurement.
What is a vendor management system?
A vendor management system is a web-based software application that centralizes the end-to-end lifecycle management of extended workers and statement of work needs.
What key features are found in a vendor management system?
Core VMS capabilities typically include functions related to hiring, tenure management, invoicing, worker tracking, and onboarding/offboarding.
What are the benefits of using a vendor management system?
A vendor management system can help your organization manage contingent workforce cost, efficiency, quality, and risk in a single platform.
See how we help you succeed.