Workforce Technology Provider Renhead Releases the Latest in VMS Solutions
Custom invoicing and analytics tools part of new end-to-end management suite of tools
The Renhead VMS suite of procurement tools was born out of the rise of the total workforce concept and the need for clients to manage total spend, allowing for better insight into resource allocation and financial management. Additionally, there is an industry-wide need for more user-friendly software tools.
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“New technology should boost efficiencies and encourage transparency, but instead, it often creates more obstacles and processes,” stated Allison Tam, Renhead co-founder.
In a recent study by Vantage Report on big data, nearly half of executives – 48.5 percent – identified people challenges as the greatest barrier to becoming more data-driven, with technology as a challenge for only 19.1 percent. A majority (57.5 percent) further cited insufficient organizational alignment as a barrier to adopting new technology.
“Companies might know how to gather data, but they often lack resources in utilizing and analyzing that data in a way that’s useful for their company,” stated Tam. “In addition, once they choose software solutions to help them manage data and costs across projects, contingent workforce and other spend, they struggle to onboard the tools in a way that enables their users to understand and use that resource to its full potential.”
Renhead Analytics and Invoicing tools were designed with the user in mind. Analytics provides robust intelligence tools that allow users to examine business data strategically by drilling down and comparing information so that businesses can adjust and realign their objectives where needed. Custom invoicing allows MSP partners to manage their own client lists, improving vendor payment timelines through the elimination of manual accounting data entry. The template builder and intuitive invoice number generator also accelerate a business’s invoice cycle. Both Enterprise and MSP clients can benefit from Renhead’s streamlined and repeatable workflows while eliminating 80 percent of manual labor.
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The complete workflow management solution enables businesses to onboard easily with out-of-box tools they can use right away, combined with customized tools they can turn on and off themselves within the software.
Renhead suite of capabilities include:
- Project Management
- SOW Management
- Vendor Management
- Intelligence Reporting
- Analytics
- Custom Invoicing
- Client Development
- Candidate Sourcing
- Job Req Management
- Timesheets and Expenses
- Managed Service Provider responsibilities
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