NEWS AND INSIGHTS
VNDLY and Monument Consulting Partner with Leading Midwestern Bank for Virtual Workforce Management Program Implementation During COVID-19 Pandemic
CINCINNATI, July 21, 2020 /PRNewswire/ — The COVID-19 pandemic has slowed many businesses, but for those that are essential, it has become even more critical to optimize operations while accommodating virtual work. VNDLY, a leading vendor management system (VMS) technology provider and Monument Consulting, a global managed services provider (MSP) are partnering to ensure their clients are well-equipped to manage their non-employee workforces in these unpredictable, rapidly changing times.
“As worker needs change with the dramatic swings during this health crisis, we find that many industries are facing split-second hiring, furlough, or disengagement decisions,” said David Weiss, executive vice president of sales at VNDLY. “Some essential businesses find themselves in need of more workers to ensure their services remain uninterrupted. And as so many businesses migrate to remote workforces, that means adding specialized resources to support technology and customer service capabilities.”
During implementation of a first-generation workforce management program at one of the nation’s largest banking institutions that serves customers at more than 800 branches across the Midwest, the bank had to dramatically reduce in-person operations due to COVID-19. That meant after the implementation’s discovery phase, VNDLY and Monument had to complete a 100% virtual implementation of the program to support the bank’s IT, administrative, clerical, and other staff augmentation needs.
“This worked because VNDLY welcomed us into their implementation process and accommodated client requests, which hasn’t always been our experience with legacy VMS providers. Their integration capabilities, technical excellence, and clear communication made this process run smoothly, even with the unexpected changes along the way,” said Matt Aprahamian, founder of Monument Consulting. “We worked closely with the bank’s chief security officer and legal team to address their strict banking compliance issues, resulting in a program that is effectively and compliantly managing their thousands of requisitions.”
Founded in 2017, VNDLY transforms how companies manage their contingent workforces. Using its SaaS work management system, companies can manage the entire non-employee engagement lifecycle from talent acquisition to training to payment and offboarding. The company serves as the ERP system of record for multiple Fortune 500 companies to manage their entire contingent and non-employee workforce on a single platform. VNDLY is a cloud-native platform that helps simplify the implementation, integration, and change management aspects compared to legacy vendor management solutions. The VNDLY platform is composed of four modules: contingent workforce management, statement of work (SOW) management, independent contractor (IC) compliance, and total talent acquisition. For more information, please visit www.VNDLY.com.
About Monument Consulting
Founded in 2003, Monument Consulting continues to evolve as a Contingent Workforce Management company by delivering meaningful solutions that can be customized and tailored, that specifically address our clients’ concerns. These solutions can range from tactical execution to fully outsourced and managed programs. We are here to understand your goals and deliver significant value to help you best harness the power of your contingent workforce program. www.VNDLY.com.