5/20/2023 0 Comments Flex fieldglass loginUnderstanding the complex ecosystems of enterprise software, containing costs for new solutions and lacking the more robust IT support of larger companies has limited the reach of the VMS with these prospects, despite their potential usefulness. Middle market companies, defined as firms that have between $10 million and $999 million in revenue, also face different challenges when considering how to manage their contingent workforce.Īccess to necessary technology is one noteworthy problem. Despite by one measure comprising only 1% of the total number of commercially active firms in the U.S., they employ 53 million workers and contribute $9.3 trillion to the economy, according to according to the Middle Market Power Index from American Express and Dun & Bradstreet. The criticality of middle-market companies is difficult to ignore. "With SAP Fieldglass Flex, mid-sized organizations now have a simple, best-in-class solution to help find, engage and manage external workers." The Untapped Middle "The dexterity offered by the external workforce plays a critical role in the growth of medium-sized businesses in the digital economy," SAP Fieldglass President Rob Brimm said in a press release. While companies are increasingly relying on freelancers and independent contractors as ways to drive business growth, the vendor management systems typically used to mitigate the complexities associated with contingent workers have been unaffordable for medium-sized companies or required onerous implementation. The release addresses two critical but underserved aspects of the middle-market. Procurement groups could expect to use it to control costs, comply with contracted rates and gain visibility into detailed reporting and real-time data, according to the company’s website. The solution, called SAP Fieldglass Flex, is a cloud-based tool designed to help organizations source, hire and manage external labor. SAP Fieldglass announced last week plans to release a new contingent workforce management solution for medium-sized businesses, taking aim at a market segment historically beyond the reach of VMS providers.
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