From Risks to Resilience - Managing Non-Payroll Labor with SAP Fieldglass VMS

Contingent labor and service providers have become an even larger spend category, consuming up to 35% of companies’ total budgets. With an increasing reliance on this type of labor, risks have become more pronounced, underscoring the need for effective risk mitigation strategies.

We invite you to this webinar that outlines six critical risk types that leaders must navigate when managing contingent labor and service providers. Also, we’ll explore how each of the risk types listed below can impact businesses and discuss how automating these processes in a Vendor Management System (VMS) can mitigate them
* Regulatory Compliance and Legal Risks: Ensure compliance with local labor laws, manage misclassification, co-employment issues, and tax requirements.
* Financial Risks: Avoid budget overruns, hidden costs, fraud, and ensure accurate financial reporting.
* Security Risks: Safeguard against data breaches, cybersecurity threats, and physical security issues.
* Strategic Risks: Address talent shortages, workforce planning, and over-reliance on single providers.
* Operational Risks: Gain visibility and manage worker performance and streamline accounts payable processes.
* ESG Risks: Mitigate compliance with environmental regulations, fair labor practices, and transparency in governance.

Through case studies and real-world examples, we will demonstrate how to automate key processes, provide clear audit trails, enforce compliance, and offer unrivaled visibility into your external workforce ecosystem.

Why Attend?
* Learn how to identify and mitigate the main risks associated with managing contingent labor and service providers.
* Understand the benefits of using a VMS like SAP Fieldglass for various C-Suite executives.
* Gain actionable insights into effective risk management strategies.

Who should attend?
This webinar is a must-attend for Procurement, HR and finance professionals involved in managing contingent labor and service providers. Join us to ensure the continued success and safety of your business in a rapidly evolving labor landscape.