An infographic describing how Workspend helps employers around the world to cut the costa and improve the effectiveness of indirect workforce sourcing, administration and supply-chain.

1. Workspend: How It Works
©Workspend Inc. 2013
Published September 2013
Tel. +1 201 524 9600 www.workspend.com
Permanent Contracted
About Workspend
We’re experts in reducing indirect workspend.
We work with business and governments around the world through
our offices in North America, Europe, Asia and the Middle-East.
Our industry knowledge and technology innovation allow our teams
to challenge conventional thinking and overcome obstacles to
deliver exceptional results.
The total cost of operating your indirect workforce may be bigger than you think.
! How much are you spending on indirect talent? Got a figure in mind?
Direct
Contractors
Staffing
Agencies
Outsourcers
Whatever name you give it, any person that
fulfils a delivery role for your organization
that you pay for is indirect talent.
Indirect Contracted
In some organizations, 1 in 4
workers are indirect. The
proportion of indirect labor in
workforces is growing as
organizations seek greater agility
and suffer skills shortages…
We’re experts in managing indirect workforce fulfilment, helping financial managers
control indirect talent sourcing spend no-matter what the source.
? What does Workspend do?
Supplier enrolment,
Invoicing, time-sheets and
expense administration are
overheads we don’t need
Our supplier contracts
vary, exposing us to
avoidable cost and risk
It’s unclear whether we get
value for money from all
vendors and contractors
No doubt we could improve
our business agility if we were
confident of the risk and cost
of sourcing indirect talent
We install a coherent management framework between workforce buyers and
sellers to create a common pipeline for talent sourcing and administration
 How We Work
 Win:Win results we deliver
2.91 million people are employed by staffing companies
every business day
11.5 million temporary and contract employees are hired by
U.S. staffing firms over the course of a year
79% of staffing employees work full time, virtually the
same as the rest of the work force
Source: American Staffing Association
SimplifyVMS is our instant-on
workforce analytics and supplier
portal used to manage the entire life-
cycle of indirect workforce vendor
management and administration.
Organizations that source their indirect labor through Workspend consistently
achieve the following rewards:
-- Remove
• Contract inconsistencies
• Unreasonable payment terms
• Regional variations in supplier
management and administration
- Reduce
• Vendor-related charges
• Employer risk/non-compliance
• Administration overheads
• Unbudgeted costs
• Excessive MSP charges
+ Add
• Instant-on vendor management
and administration
• Formalized email approval
protocols
• Consolidated billing: One invoice
for all indirect sourcing actvity
++ Grow
• Transparency through real-time
drill-down analytics
• Access to on-demand talent
• Reliability/consistency of workflows
• Background checks/audit capability
TOTAL COST
OF INDIRECT
$?