VNDLY For Procurement
Procure the best external talent, at the right price.
Streamline sourcing processes, control costs, and manage individual contract hires through to larger project requirements with Workday VNDLY.
What You Can Do
Plan smarter. Stay on budget. Remain on track.
External talent makes up an increasing share of today’s workforce—and labor costs.
The intuitive Workday VNDLY solution helps streamline and optimize the way you plan, manage, and analyze your contingent labor needs via a single VMS system of record.
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Global digital invoicing
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Rate card management
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Statement of work (SOW) and contract management
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Job requisition creation
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Vendor performance management
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Time and expense tracking
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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 invoicing efficiency.
Stay on top of invoicing with batch processing or individual off-cycle invoicing. As queries related to single line items arise, put these on hold while still moving other items through the process.
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.