Products and Acronyms
Vendor Management System

Products and Acronyms

Want objective unbiased advice? We are software agnostic in our approach. When we are partnered with a specific software company, we disclose it, and you know what we get out of the deal. When we work with you for ongoing MSP services, you can always choose a replacement provider and keep your software relationships intact.

We earn the right to do business with our clients every single day; we do not lock them in. We just wouldn’t have it any other way – and neither should you.

Here is a list of some products and acronyms to help you better understand what we do, but please feel free to contact us if you have any questions.

Applicant Tracking System

An Applicant Tracking System (ATS) is a software application used to handle recruitment needs. The principal function of an ATS is to provide a central location and database for a company’s recruitment efforts. They are built to better assist management of resumes and applicant information. Data is either collected from internal applications via the ATS front-end, located on the company website, or is extracted from applicants on job boards. ATS software provides for parsing support and ease of data migration from one system to another.

Vendor On Premise

A Vendor On Premise (VOP) is a vendor that sets up shop on the client’s premises. They are concerned with filling the labor needs and requirements of the client. The VOP does this either by sourcing labor directly from themselves, or from other suppliers, whom may be their competitors. Also, the VOP manages and coordinates this labor for the client.

Managed Service Provider

A Managed Service Provider (MSP) manages vendors and measure their effectiveness in recruiting according to the client’s standards and requirements. MSPs generally do not recruit directly, but try to find the best suppliers of vendors according to the client’s requirements. This, in essence, makes the MSP more neutral than a VOP in finding talent because they themselves do not provide the labor.

Vendor Management System

A Vendor Management System (VMS) is a tool, specifically a software program, that distributes job requirements to staffing companies, recruiters, consulting companies, and other vendors (i.e. independent consultants). It facilitates the interview and hire process, as well as labor time collection approval and payment.

Contingent Workforce Management

Contingent Workforce is a provisional group of workers who work for an organization on a non-permanent basis, also known as freelancers, independent professionals, temporary contract workers, independent contractors or consultants.

Contingent Workforce Management (CWM) is the strategic approach to managing an organization’s contingent workforce in a way that it reduces the company’s cost in the management of contingent employees and mitigates the company’s risk in employing them.

Enterprise Resource Planning System

An Enterprise Resource Planning (ERP) System is an enterprise wide software system used to manage all the resources, information, and function of a business. An ERP system has a service-oriented architecture with modular hardware and software units or “services” that communicate on a local area network. The modular design allows a business to add or reconfigure modules (perhaps from different vendors) while preserving data integrity in one shared database that may be centralized or distributed.

Customer Relationship Management System

A Customer Relationship Management (CRM) System is a software application used to track and organize contact with current and prospective customers. It is used to track relationships with vendors and prospective vendors. It can also be used to track and build relationships with prospective consultants.