Remaining competitive in a fast-changing business environment requires human resource information systems (HRIS) that provide visibility into HR administrative functions across an organization. Using its internal vendor management system (VMS), an HRIS helps stakeholders oversee crucial aspects of a contingent workforce, from hiring and on-boarding candidates to tracking vendor invoices to generating performance reports or off-boarding and exiting staff.
Until recently, Dayforce (previously Ceridian), a global leader in human capital management (HCM), functioned as an HRIS but was searching for the ideal partner to provide VMS support. And now, that’s changing. By partnering with BridgeVMS, Dayforce has a VMS to help companies manage the complex needs of contingent workforce oversight.
Through this partnership with Dayforce, BridgeVMS is introducing a native out-of-the-box integration customers can use to simplify contingent workforce management.
So, how does this integration help streamline human capital management (HCM)? Below, we’ll dive into the benefits of the BridgeVMS Dayforce integration for contingent workforces of any size.
Collecting the right data, processing it swiftly, and ensuring the relevant stakeholders act on it timely helps streamline every aspect of contingent workforce management.
The BridgeVMS Dayforce integration supports data management by:
This means critical data such as candidate profiles, payroll files, or shift information isn't lost within a database, which would affect the timeliness of high-impact HR functions like on-boarding or payroll processing—especially when dealing with thousands of employees.
Greater Ownership of Staffing Management
With BridgeVMS’ Dayforce integration, businesses that rely on contingent workers can independently manage the entire staffing pipeline as a managed service provider (MSP) or staffing company would. However, these organizations can still outsource these tasks to MSPs or staffing companies. In the former case, HR stakeholders can now seamlessly perform tasks within the HRIS independently of a third party—unless they prefer to.
Managing HR functions like payroll is also much easier on the MSP side. BridgeVMS can create payroll files or develop an integration that allows an MSP to collect information from BridgeVMS’ system to process the payroll on its end.
With the BridgeVMS Dayforce integration, HR-critical tasks like payroll processing become part of the end-to-end Dayforce solution. So, companies that manage large contractor contingent workforces would have one less system to use, reducing potential bottlenecks like compliance gaps and ultimately helping HR stakeholders do their jobs faster.
Adopting any new tool or technology comes with a cost, which companies incur upfront, later in the implementation process, or at both times. Purchasing and setting up most enterprise-level VMS software requires upfront integration and implementation costs, which can pile up if an organization plans to add other tools to the stack.
By adopting the BridgeVMS integration, organizations can lower the overall upfront cost of implementing it into their HRIS because it’s already part of the Dayforce solution. That means these organizations can set up BridgeVMS right when they implement Dayforce.
However, it does take time to implement Dayforce and achieve its full benefits—especially if a business is a new customer that needs to be on-boarded to the whole process.
For companies already using Dayforce as a VMS, another VMS altogether, or are currently partnering with an MSP using its internal VMS, adopting BridgeVMS has an added benefit. Since BridgeVMS is already integrated with Dayforce, the transition between VMS tools would be fast and seamless.
Likewise, new customers looking to implement Dayforce in their HRIS can simply adopt BridgeVMS as part of the implementation.
Adopting the Bridge VMS helps you manage your contingent workforce more effectively by providing greater data control, increased visibility into HR-critical processes, and a robust way to implement Dayforce within their existing HRIS.
Doing so enables these companies to act on their data much quicker, identify gaps for HR improvement, and minimize potential delays or redundancies that may impact contingent workforce management.