Covendis Vendor Management System
The Covendis VMS is an easy-to-use yet robust and flexible web-based platform that helps companies and organizations better manage their contractors and consultants. By streamlining, standardizing, and automating the entire process, companies and organizations can get visibility, control, and savings over their largest indirect spend category.
Why Choose the Covendis VMS?
The system is easy to use and offers an unmatched flexibility.
Easy to Use
Making it easier and quicker to get a program launched successfully
Flexible Architecture
Need to integrate with SAP or other legacy systems? Need different forms, workflow and reporting for different parts of the business? Do you need a solution that can keep up with the changing requirements of your business? Flexibility, integration, and future growth characterize the Covendis VMS. Covendis owns, develops, and operates its own VMS so you can be confident that we can meet your needs today and in the future.
Who Should Use VMS
Organizations that spend more than $3MM to $300MM in services can benefit from the Covendis VMS
VMS for Commercial
Ideal for companies, especially those with different geographies and operating businesses
›› See Commercial Key Benefits below
VMS for Suppliers
Covendis is a vendor neutral company which means that we not compete for services business.
›› See Suppliers Key Benefits belowHow It Works
Once we’ve gotten you set up in our VMS system the workflow is easy and managed entirely through the Covendis VMS.
Need our Software Resources to Run it?
We can help. You can outsource your entire services procurement to Covendis.
›› Learn more about Covendis Managed Service Provider.
VMS for Government
Covendis understands the unique position of government run entities when it comes to services procurement. Our VMS software can enable Agencies and Affiliates to be configured with a minimum standard but be ableto ad their own process, workflow, accounting/billing requirements and reporting.
Key Benefits:
- ›› Tracking of funding sources
- ›› Fully integrated Invoice presentment, payment, and distribution
- ›› Tracking of diversity spend and statistics
- ›› Open network of suppliers and subcontractors to maintain local and small business support
- ›› Consolidated invoicing and reporting
- ›› Hourly and SOW/Deliverables-based service categories
- ›› Vendor Neutral to promote & encourage local small business
- ›› No hardware or software to install or maintain
VMS for Commercial
Covendis VMS works for your company. Our software enables you to configure geographical, operating, and other business units separately, allowing each unit to operate autonomously (e.g. forms, workflow, invoicing, reporting) yet establish minimum corporate standards and a consolidated enterprise view.
Key Benefits:
- ›› Hourly and SOW/Deliverables-based service categories
- ›› Daily Currency conversion to all major currencies (100+)
- ›› Demonstrated scalability to over $500MM in spend]
- ›› Diversity spend tracking
- ›› Fully integrate invoice presentment, payment, and distribution
- ›› Integration to SAP, Oracle, and other back-office systems
- ›› No software or hardware to install or maintain
- ›› Vendor-neutral – no conflict of interest
VMS for Suppliers
Background info on why suppliers would want to choose Covendis VMW?
Key Benefits:
- ›› Quick payments distribution
- ›› Single sign-on to manage multiple clients
- ›› Transparent process with process status
- ›› Tools to enable quicker submission of candidates
Our Vendor Management Software can create efficiencies and reduce costs for a wide range of audiences due the flexbility of the software.
Call 1 (866) 968-9675 or Email Us to get started. We are excited a the opportunity to show you what VMS can do.