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< Previousa VMS. It is a “trust me” ecosystem and is one of the big issues in the traditional external labor procure to pay process,” Sue explains. Trust but Verify with Sapience Overbilling happens because of the unknown gap between actual work time and self-reported data. “Most companies are lacking a tool that can provide visibility or an understanding of what's happening in terms of that external labor. It’s being left to managers, void of reliable information, to decide if those services provided met their promised value,” Sue says. The lack of visibility makes it incredibly difficult, if not impossible for managers to: Consequently, managers are relegated to trust the hours the supplier self-reports on the weekly timecards. Trying to close these gaps in visibility and transparency is Sapience, a one-of-a-kind SaaS Platform that is transforming how companies get more value from their contingent workforce. The company, founded in 2009, evolved into an intelligent and scalable workforce analytics platform capable of seamless integration. The platform, fueled by automated activity collection and advanced analytics, extracts work effort data anytime, anywhere, producing insights into behaviors and results. This type of visibility not only drives transparency, but also leads to better decision-making aimed at increasing the value businesses receive from the contingent workforce. “We've developed a 100% automated platform that silently runs in the background of the enterprise without collecting any personal information. Basically, our platform is designed to tell a story of someone’s typical workday, when it started, ended and everything in between. It’s 100% automated,” Killinger explains. Moreover, the increased visibility is driving a more effective way of understanding if a company has the right workers with the right skills. Companies that run Sapience are becoming better at realizing if they’re utilizing their workforce to its optimal efficiency. Sapience transparanSEE, the aptly titled solution that provides contingent workforce analytics, is known to reduce a company’s external labor spend by 30% or more. It’s hard to imagine that the contingent workforce could be so costly, given its goal to access the right talent while saving on costs. “What Sapience is uncovering in the current ecosystem is that the buyer is being taken advantage of because it’s hard to verify the self-reported timecard of each individual worker. How Customers Save Millions with Workforce Analytics “It's really just harvesting that company's own data and translating it into very interesting actionable insights to manage the business. It's an automated way to guide external labor capacity to an optimal state, while simultaneously leveraging the data long- term to manage contingent workers for better outcomes,” Killinger says. Our solution is helping companies challenge the one-sided practices allowing suppliers to use self-reported time as the basis for external labor invoices. With Sapience transparenSEE, our platform used to manage the contingent workforce, leaders have visibility to workforce insights that impact the bottom line by: Companies utilizing the power of Sapience are reaping the benefits of increased visibility and transparency. For example, a The reality is inefficiency of that process is costing most companies 30 to 50% of what they need to spend. Sapience is helping to show those inequities and inefficiencies 1. Accurately and reliably verify time actually worked 2. Identify any gap between self-reported time and actual worktime before invoicing 3. Minimize errors that can lead to overpayment • Leveling the playing field for the buyer and suppliers with automated work data. • Enabling managers to accurately and reliably approve timecards efficiently. • Minimizing errors with a Three-Way Match Gap aligning the purchase order, goods receipt, and the supplier’s invoice • Identifying 30% or more reduction in existing external labor spend leading bank in the US deployed Sapience’s platform and quickly saved $6.8 million in external labor costs. The management team needed visibility to reduce costs, increase accountability, and make more strategic staffing decisions. Sapience was able to provide them with insight into the workday, the number of hours worked, and the time spent working on core tasks versus meetings attended and communication. This led the company to evaluate these measures and make strategic decisions to optimize how their workforce was operating. The underlying theme of transformation revolves around the type of mentality and culture of acceptance in which we find ourselves. Because of pressures and goals managers juggle in their day to day, it is easy to settle into a routine that checks the boxes when approving timecards but misses the mark to objectively measure adequate project and goal attainment while managing spend. “The reality is inefficiency of that process is costing most companies 30 to 50% of what they need to spend. Sapience is helping to show those inequities and inefficiencies,” Sue says. As a leader within an organization, you understand the dynamics of the contingent workforce and the importance placed on the capacity and efficiency of this type of workforce. The possibilities of what can be achieved are numerous and in large part rest on visibility that the managers have to the actual work being done. To this point, Sue explains how managers are making accept or reject decisions that have material cost implications to the business. Moreover, the managers are handicapped with limited information about the possibilities that exist in the workforce with respect to how it’s being utilized. “Companies are stuck in a world where an individual manager down in the organization is defining what good looks like, and you as a company is overpaying for that,” she says. Sapience sees the future of managing contingent workforce spend on a level playing field for the buyer and suppliers. Sapience is removing blinders and enabling managers to challenge the status quo of self- reported time. This dated process has been replaced with automation that instills accuracy, consistency, and efficiency across the people, processes and technology. Companies can now drive their own growth and impact by overcoming the core challenges and leveraging opportunities that the workforce presents. For those companies seeking opportunities to optimize your external labor capacity and save millions, contact Sapience Analytics today.1. Products and Services: We thoroughly analyze a company's offerings to assess their quality, uniqueness, and relevance within the industry. 2. Core Competencies: We examine the core strengths and capabilities that set a company apart from its competitors. 3. Product Launches and Press Releases: We take into account a company's recent product launches and noteworthy press coverage, as these indicate their commitment to innovation and market presence. 4. Case Studies and White Papers: We review case studies and white papers to gain insights into a company's expertise and thought leadership in addressing complex challenges. 5. Angel Investments and Acquisitions: We consider angel investments and acquisitions as indicators of a company's growth potential and strategic partnerships. 6. Senior Leadership Team Domain Experience: We value the collective domain expertise of a company's senior leadership, which contributes to their industry knowledge and vision. THE STORY BEHIND OUR TOP INNOVATORS LISTING There is a story behind the selection of each company to be added to our elite listing. Rather than selecting random solution providers, our team performs a comprehensive analysis of companies that are providing sophisticated Contingent Workforce solution providers. After carefully assessing 500 Fortune listed companies, we shortlist businesses that are eligible to be part of our exclusive listing page. To ensure an adaptable and rigorous selection process, we have a dedicated market research team responsible for identifying the most exceptional companies to showcase in the magazine. Their efforts encompass monitoring press releases, researching reports, tracking product launches, case study analysis, considering event sponsors, and more, all with the aim of identifying the most relevant and innovative technology vendors. In evaluating potential companies for inclusion in our list, our evaluation team focuses on several key parameters: CORE COMPETENCIES PRODUCT LAUNCHES AND PRESS RELEASES CASE STUDIES AND WHITE PAPERS ANGEL INVESTMENTS & ACQUISITIONS PRODUCTS AND SERVICES7. Other Awards and Recognitions: We take note of any additional awards or recognition a company has received, underscoring their credibility and industry standing. 8. Research and Development (R&D) and Innovations: We assess a company's commitment to R&D and its track record of bringing innovative solutions to market. 9. Breadth of Capabilities and Services: We consider the range and depth of a company's capabilities and services, reflecting their ability to cater to diverse client needs. 10. Industry Visibility, Innovation, and Impact: We evaluate a company's visibility within the industry, including their participation in industry events, thought leadership initiatives, and overall impact on the sector. 11. Strength of Clients and Geographic Reach: We take into account the caliber and size of a company's client base, as well as their geographic reach, indicating market acceptance and scalability. 12. Company Size and Growth Potential: Lastly, we consider a company's size and its potential for future growth, reflecting their overall trajectory and market positioning. SENIOR LEADERSHIP TEAM DOMAIN EXPERIENCE OTHER AWARDS AND RECOGNITIONS RESEARCH & DEVELOPMENT (R&D) AND INNOVATIONS BREADTH OF CAPABILITIES AND SERVICES INDUSTRY VISIBILITY, INNOVATION, & IMPACT STRENGTH OF CLIENTS AND GEOGRAPHIC REACH COMPANY SIZE AND GROWTH POTENTIALAustralia’sleadingplatformforlegislativeupdates andworkers’compensationcasestudies. 25THANNUAL NATIONALWORKERS’ COMPENSATIONSUMMIT2024 BOOKYOURPASS 28FEB-1MAR informa.com.au/WorkersComp NovotelMelbourne onCollins Pre-conferenceworkshops Industryroundtables Regulatoryaddress Casestudies&panels Networkingopportunities ...andmore!T he workforce is undergoing a paradigm shift, and within these pages, HRM Outlook unravel the threads of change defining the future. From the expanding realm of gig workers to the intricate dance with regulatory frameworks, we guide you through the dynamic landscape of the contingent workforce, revealing insights that will shape the understanding of talent management in the years to come. In this special edition of HRM Outlook, we cast our gaze upon the burgeoning trend of contingent work, a transformative force reshaping the traditional paradigms of talent management. This special edition features the Top 10 Contingent Workforce Solution Providers who are forging new paths in the realm of flexible talent management. These innovators are not just adapting to change; they are driving it. Through technological prowess, data-driven strategies, and visionary approaches, they are crafting solutions that not only address the challenges of contingent workforce management but also propel organizations toward unprecedented levels of efficiency and success. Embark on this journey with us as we navigate the contours of the contingent workforce landscape. In this edition of HRM Outlook, we celebrate the pioneers shaping the future of talent management, and invite you to join us in exploring the limitless possibilities that a dynamic, contingent workforce brings to the world of HR and beyond. Arya by Leoforce Company Madhu Modugu CEO & Founder Raleigh, NC leoforce.com Management Details Leoforce, the innovative force behind Arya, offers AI-driven solutions and services empowering talent acquisition organizations, staffing agencies, and in-house recruiting teams to swiftly identify and evaluate high-potential talent. Arya leverages People Intuition to offer a comprehensive, nuanced portrayal of individuals and job requirements. Through this approach, users can efficiently pinpoint candidates with both essential qualifications and the intangible qualities crucial for long-term success in any given role. Description Beeline Company Doug Leeby CEO Jacksonville, FL beeline.com Management Details Beeline, the trailblazer in extended workforce solutions, revolutionizes businesses through its intelligence-driven platform. With an extensive dataset covering 30 million workers and $700 billion in talent spend across two decades, Beeline addresses the intricacies of modern workforce management. Enterprises leverage Beeline's unparalleled expertise, innovative approach, and a top-tier partner network for intelligent, efficient, and secure connections to exceptional talent within the global extended workforce. Description TOP CONTINGENT WORKFORCE SOLUTION PROVIDERSConnecteam JustinBradley Company Company Amir Nehemia Founder & CEO New York, NY connecteam.com Mary Beth Monroe CEO Washington, DC justinbradley.com Management Details Management Details Connecteam stands as the go-to employee management app, seamlessly linking all aspects of business operations from the field to the office within a unified platform. Trusted by countless users globally, ranging from massive enterprises to small businesses and local establishments, Connecteam is the preferred choice for connecting staff, streamlining daily operations, and propelling businesses to success. JustinBradley, a distinguished, WBENC-certified strategic workforce solutions company, boasts a place among the nation's top 2% of staffing firms and has secured the Best of Staffing award 12 times. Since 2002, JustinBradley has delivered exceptional business talent across the country through its four service areas: Executive Placement, Temporary Staffing, Contingent Workforce Solutions, and Financial Systems Solutions. The award-winning Executive Search practice specializes in C-level executive searches, led by experienced business professionals and sought-after talent advisers committed to providing top- notch service and talent. Description Description Flextrack Prosperix Company Company Peter Carr President Raleigh, NC flextrack.com Sunil Bagai CEO San Jose, CA prosperix.com Management Details Management Details Flextrack stands as a steadfast presence, dedicated to the prosperity of businesses, individuals, and communities. As the global leader in next-gen extended workforce platforms driven by Salesforce, Flextrack, crafted by proficient contingent workforce practitioners and technologists, offers an open and versatile framework. With seamless integration of best-of-breed services across front, middle, and back-office functions, enterprise businesses can efficiently navigate their entire workforce ecosystem. Flextrack provides a unified platform for sourcing, viewing, analyzing, managing, and adapting, ensuring a straightforward and powerful user experience. Prosperix, a workforce innovation company formerly known as Crowdstaffing, revolutionizes workforce management with cutting-edge software solutions. Dedicated to unlocking businesses' full potential, Prosperix introduces a patent- pending VMS network, integrated hiring marketplace tech, MSP expertise, payrolling services, and the groundbreaking Prosperix Xponential. Committed to positively impacting human, workforce, and business prosperity, Prosperix is a trailblazer in creating extraordinary workforces for exponential growth. Description Description TOP CONTINGENT WORKFORCE SOLUTION PROVIDERSSapience Visier Company Company Bradley Killinger CEO McKinney, TX sapienceanalytics.com Ryan Wong Co-Founder & CEO Vancouver, British Columbia visier.com Management Details Management Details Sapience Analytics, employed by Fortune 1000 companies globally, delivers unprecedented operational visibility into people, processes, and technology investments. With over 10 years' expertise, Sapience Vue, an advanced analytics platform, utilizes business intelligence and machine learning to offer a fully automated, multifaceted view of Enterprise Effort. Currently utilized by 90+ companies in 18 countries, Sapience has analyzed over 1 trillion work hours, fundamentally reshaping operations and empowering organizations to evolve daily for enhanced agility and competitive advantage. Visier, the global leader in people analytics, serves organizations of all sizes with its people impact platform. With category-leading people analytics software, Visier empowers enterprises like BASF, Bridgestone, Electronic Arts, McKesson, MerckKGaA, and over 25,000 customers in 75 countries. Visier's reach extends through partners integrating its solution into existing apps and developers leveraging the Visier platform. Headquartered in Vancouver, BC, Visier boasts a global presence with offices and team members worldwide. Description Description Talent Works Workday Company Company Neil Purcell Founder & CEO Northampton, Northamptonshire, Nth talent-works.com Aneel Bhusri Co-Founder, Co-CEO, & Chair Pleasanton, CA workday.com Management Details Management Details Talent Works, a trailblazer in RPO & MSP program innovation, revolutionizes access, delivery, and deployment of talent solutions. Their braver, bolder, and brighter approach leads the industry, setting new standards in attracting, hiring, and managing talent. With an ambition to create exceptional outcomes, Talent Works is dedicated to reshaping the future workforce. Committed to excellence, they strive to provide clients with unparalleled experiences and drive transformative change in the industry. Workday, a prominent enterprise cloud applications provider, empowers organizations to navigate and succeed in a dynamic environment. Renowned for financial management, human resources, planning, spend management, and analytics applications infused with AI and machine learning, Workday supports global organizations in embracing the future of work. Utilized by over 10,000 entities worldwide, spanning medium-sized businesses to over half of the Fortune 500, Workday is at the forefront of driving innovation across industries. Description Description TOP CONTINGENT WORKFORCE SOLUTION PROVIDERS18 Connecteam's commitment to customization and scalability is a testament to its recognition that each organization is unique CONNECTEAM Empowering Workforces with Innovation C onnecteam's journey began with a deep understanding of the challenges faced by industries such as retail, healthcare, construction, and hospitality, which predominantly rely on a non-desk workforce. The founders envisioned a solution that would not only address the immediate pain points of communication but would also provide a comprehensive platform for employee management. Since its inception, Connecteam has undergone substantial growth, expanding its global footprint and continually refining its offerings to meet the dynamic demands of the modern workplace. Since opening its doors, Connecteam has rapidly ascended to prominence as a transformative force in the realm of employee management. At its core, Connecteam seeks to bridge the pervasive gap in communication and coordination that often plagues organizations with a substantial non-desk workforce. The company's mission revolves around empowering businesses to efficiently manage their dispersed teams, fostering collaboration, and ultimately enhancing overall operational efficiency. At the heart of Connecteam's suite of solutions is its mobile app—a versatile and feature-rich platform that serves as a centralized hub for employee management. This app encapsulates a myriad of functionalities designed to cater to the specific needs of various industries. Connecteam facilitates seamless communication through its chat, messaging, and announcement features, effectively breaking down communication barriers within organizations. The intuitive task management tools empower supervisors to assign tasks, track progress, and ensure everyone is on the same page, contributing to heightened operational efficiency. The platform goes beyond mere communication by supporting organizations in their training efforts. It provides a robust solution for creating and delivering training content, quizzes, and assessments, fostering a culture of continuous learning among employees. TOP CONTINGENT WORKFORCE SOLUTION PROVIDERS19 The app further simplifies time tracking and attendance management, offering a user-friendly solution for monitoring work hours, breaks, and overtime. In a bid to reduce paperwork and streamline processes, Connecteam introduces customizable forms and checklists. This feature digitizes workflows, providing organizations with a modern and efficient approach to managing their day-to-day operations. Connecteam's impact on diverse industries is palpable, addressing the pain points associated with managing a dispersed workforce. In the retail sector, the app has revolutionized communication among store teams, ensuring that crucial updates reach all employees promptly. The healthcare industry has benefited from improved communication between medical staff, leading to enhanced coordination and patient care. Construction companies, dealing with the complexity of multiple sites, have found solace in the task management features, enabling project managers to oversee operations seamlessly. Connecteam's commitment to customization and scalability is a testament to its recognition that each organization is unique. Businesses can tailor the app to align with their specific needs, from branding the interface to creating bespoke forms and workflows. This flexibility is complemented by Connecteam's scalability, ensuring that the platform can grow alongside the organization, accommodating an expanding workforce and evolving business requirements. The company's emphasis on data security is underscored by robust measures in place to protect sensitive information. Connecteam adheres to industry-standard security protocols, instilling confidence in organizations that their data is handled with the utmost care. Moreover, the company stays abreast of regulatory changes, ensuring that its platform remains compliant with evolving data protection and privacy regulations. Today, Connecteam stands as a beacon of innovation and efficiency in the complex landscape of employee management. Through its user-friendly app, tailored features, and unwavering commitment to customer satisfaction, Connecteam has positioned itself as a pivotal player in the evolution of employee management solutions. As businesses navigate the complexities of a modern workforce, Connecteam stands poised as a trusted partner, facilitating seamless communication, enhancing productivity, and contributing to the success of organizations on a global scale. Amir Nehemia, Founder & CEONext >