What it is: Workday VNDLY is an extended workforce and vendor management system that helps organizations plan, source and optimize critical external skills to run the business. With Workday VNDLY, organizations access everything needed for end-to-end contingent labor and statement of work management, including intuitive configurability, invoicing, reporting and integration capabilities to connect the technology ecosystem and more. Workday VNDLY hooks directly into Workday’s core data foundation, fully merging extended workers into the workforce ecosystem. With this, organizations gain visibility into their total workforce, helping businesses to better plan with the entire workforce in mind.
Why we like it: Several studies are predicting that at least half of the U.S. workforce will be external employees by 2027, a data point that isn’t lost on Workday. This tool is focused on not only harnessing that but also bringing the insights of several workforces into sharp focus. It has features to help with hiring, including prescreening, onboarding and other functions while also integrating with the Workday HCM and being available to non-Workday customers. Most importantly, Workday VNDLY provides visibility into the independent, contingent, freelance, external workforce that is increasingly becoming critical to organizations of all sizes.
See also: HR Tech and ‘HRE’ announce the Top HR Tech Products of 2023
2023 Top HR Tech Products of the Year
- Analytics
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- Talent Acquisition
- Talent Management
- Workforce Management
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