what you should ask during your vms partners acquisition

What You Should Ask During Your VMS Partner’s Acquisition

Eastridge Blog posted by Molly Delattre on January 14, 2020

In one of our recent blog posts, we explored the differences between a Vendor Management System provider and partner. If you use a Vendor Management System (VMS) to manage your external workforce, it’s likely that your VMS provider thinks of you either as a buyer or as a partner. How your VMS provider sees you will make the difference in how they treat you. 

Before you begin vetting a potential vendor management system provider, it’s essential to define your company’s operational goals, growth initiatives, and provider expectations. Creating a checklist will ensure you ask all the right questions at the right time, helping you determine a best-fit VMS partner. 

For those of you who are currently going through an acquisition of your provider, you may want to add the following questions to your checklist:

  1. What is the immediate impact on my business and employees? 

  2. How will this change affect the products and services I have today? 

  3. What do you expect as a return on the investment? 

 

It’s essential to consider all the details and potential obstacles that come with implementing change across your organization. This includes ensuring the VMS partner you select has the qualities required to foster a long and successful partnership with your company. Remember - the best VMS is not always the biggest or the boldest - it will be the one that is right for your organization based on your specific needs.

Is your company in the process of selecting a Vendor Management System provider? Eastridge just might be the partner you’re searching for. Contact us today to speak with one of our experts!

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