The Icing on the 2016 Cake: DCR Recognized as One of the “20 Most Promising Procurement Solution Providers 2016” | DCR Workforce Blog

The Icing on the 2016 Cake: DCR Recognized as One of the “20 Most Promising Procurement Solution Providers 2016”

“It’s a great honor to select DCR Workforce as one of the 20 Most Promising Procurement Solution Providers 2016,” said Jeevan George, Managing Editor of CIOReview, when announcing the recognition which appreciates our exhibition of extensive business process knowledge combined with innovative strategies. “DCR’s technology solutions provide insight, innovation and intelligence that manages cost, mitigates risk and maximizes efficiencies.” This recognition comes from a distinguished panel comprising of CEOs, CIOs and analysts including the CIOReview editorial board, who have selected the top companies that are at the forefront of tackling challenges in the procurement landscape.

We’re honored and thrilled to receive such appreciation, but we do not plan to rest on our laurels. In fact, such recognition, of which we have seen much from other quarters such as the Stevie Awards, spur us on to greater efforts as we continue to push ahead with infusing our industry knowledge into our technology to offer innovative procurement solutions, aimed at managing your non-employee workforces and procurement services spend.

DCR combines the knowledge, innovation and technology needed to analyze, understand and act on all aspects of a service procurement program. You can understand more about our philosophy from the Sourcing Industry Group’s report: “Innovations in Vendor Management Systems Technology 2016”.

The CIOReview states that the recent trends such as cloud computing, IoT and big data are significantly improving supply chain traceability and aiding procurement decisions or managing buyer-supplier relationship. Procurement solutions today need to incorporate industry best practices, inject the most recent procurement trends and leverage technologies such as big data and predictive and prescriptive analytics to help companies to predict and plan their procurement needs. Other important aspects include improved spend management with the ability to have transparency across one’s supply chains and streamlining of orders with reliable cyber security while allowing swift purchasing activities and offering a better experience.

More and more companies are looking for services procurement solutions to manage the buying and engagement process for outsourced work, contingent non-employees and SOW (Statement of Work). When engaging with these complex aspects and processes, they need a robust, progressive and flexible Vendor Management System (VMS) that can handle complexities for services procurement and also offer ease of use and configurability.

In response to this need, DCR Workforce developed Smart Track, a “true” cloud-based Vendor Management System (VMS) platform for service procurement and covering soup-to-nuts of non-employee engagement.

  • Smart Track is the cornerstone of an agreement that sets expectations, deliverables, what’s acceptable, the price and the pricing schedule – an end-to-end solution, providing full support for all aspects of non-employee engagement.
  • Purchased work and services can be quoted and contracted, tracked and cataloged, within the system, including sub-projects and sub-sub-projects –
  • Users also have control over a number of layers such as charge numbers and addition or deletion of contingent workers, critical for SOW management when priorities and workforce changes.
  • Smart Track offers a single, unified approach to procure, manage and analyze agency and freelance workers, SOW and other niche resource pools.
  • Smart Track caters to SOW needs, providing comprehensive scope and spend management for services procurement, from initial RFQ all the way through project completion. Users have control over the establishment and quick modification of business rules, workflows, hierarchies, role-based access and approval rights.
  • The built-in functionality of Smart Track allows interfacing with leading ERP, timekeeping and HRIS systems to enable rapid assimilation with existing information systems.
  • It’s a truly global solution with the ability to accommodate multiple languages, currencies and time-zones as well as country-specific employment regulations and “cultural” type configurations.
  • Smart Track’s DaaS (Data-as-a-Service) functionalities include Rate Guidance, Market Heat Maps and Match Index Intelligence.
  • DCR Workforce’s Smart Track xCHANGE, a collaborative freelance ecosystem, unites social networking with employment engines where clients can connect to a wide community of suppliers and a constant stream of non-employees. With Smart Track xCHANGE, one client cut down time-to-fill by 23% while improving retention by 11%.

The “true” cloud-based Smart Track platform is agile, flexible, innovative and provides both cost and time savings, offering customer “firsts” in the user experience and interface provided –  combining the knowledge, innovation and technology needed to analyze, understand and act on all aspects of a service procurement program.

This focus will continue into the future as Smart Track incorporates DaaS, as well as predictive and prescriptive analytics to make forecasting and planning the future a reality for DCR’s clients. The fact that CIOReview’s recognizes our efforts comes as the icing on our cake for 2016.

If you want to discover how our innovative technology solution can help you manage your service procurement, call us at 1-888-DCR-4VMS and we’ll connect you with one of our specialists.

The content on this blog is for informational purposes only and cannot be construed as specific legal advice or as a substitute for competent legal advice. They reflect the opinions of DCR Workforce and may not reflect the opinions of any individual attorney. Do contact an attorney for advice specific to your issue or problem.
Neha is responsible for developing and overseeing marketing strategy and brand identity at DCR. She and her team collaborate on marketing and sales strategies and product development for new initiatives.