As the talent market continues to change at an ever-quickening rate due to skill shortages, organizations are increasingly turning to Vendor Management Systems (VMS) firms for help. To meet these demands, VMS companies have ramped up their integration capabilities and partnered with other players in the workforce solutions ecosystem. Doing so allows enterprises, Managed Service Providers (MSPs) and VMSs to access technology quickly, increase performance, consolidate information, and gain powerful data analytics capabilities, plus scalability and flexible workforce streams.
Integrations and ecosystem partners equip VMSs with the tools they need to keep up with the quickly changing market. These collaborations open up additional paths for clients to attract, recruit, and deploy talent. What’s more, a VMS’s approach depends entirely on the needs of the client, as well as the talent acquisition tech they are already using, such as an Applicant Tracking System (ATS) or Customer Relationship Management (CRM). Through integrations, VMSs can increase the quality of their talent, widen their talent pool, and streamline access to talent, requiring less manual input.
According to a recent report, there are now 50 active technologies in use by VMS companies. With these