Statement of Work (SOW) Automation and Visibility Improve Consistency, Reduce Compliance Risk, and Drive Down Cost
“SOW and Services Procurement represent the biggest opportunity for the modern Contingent Workforce Management program, as it is the largest area of contingent labor spend and volume within most organizations.” Ardent Partners
Nearly 45% of organizations believe a centrally managed SOW program is “too much work.” That’s why most SOW management occurs only at a transactional level–tracking milestones and consolidating invoices.
It’s true. Managing SOW-based spend is a complex challenge from corralling rogue – or unmanaged spend to ensuring compliance with policies, contracts, and worker classification.
With Workforce Logiq’s comprehensive, end-to-end SOW Management solution, customers have a single point of accountability, patent-pending and automated workflows, and expert guides to ensure consistent contracting and visibility into every aspect of their largest contingent labor spend.
“By leveraging MSP and VMS solutions, a business can realize cost-savings upwards of 15%-to-30% on total SOW and Services spend.” Ardent Partners
Our SOW Solutions Include:
PATENT-PENDING STATEMENT OF WORK (SOW) MANAGEMENT
Workforce Logiq’s patent-pending workflow automates the SOW creation process and centralizes data collection, enabling greater collaboration between clients and vendors and increased visibility into project costs, milestones, and deliverables.
The VMS-based solution increases financial safeguards and quality control for clients by automatically identifying SOW discrepancies and locking down the approval process if financial terms change, or a stakeholder fails to comply. That means no work gets started until approved budget requirements have been met.
The patent-pending technology is available in nine language options in the Workforce Logiq VMS.
Schedule a live demo of our patent-pending SOW workflows.