Answer One Question to Unlock a Significant Cost Transformation for Contingent Workforce Spend
What reliable source do your managers use to confirm external labor timecards are accurate before they are approved and paid? The Most Common Answer isn’t the Best Answer If you are like most companies, the answer is they have no reliable source. Instead, businesses are assuming the honor system is reliable enough, timecards are assumed accurate […]
Discover What’s Hidden Within Your Data to Optimize Your Contingent Workforce
There are various reasons an organization leverages a contingent workforce to help meet its needs. In today’s business climate, organizations are increasingly reliant on contingent workers to tackle big projects, meet tight deadlines, backfill resignations, or temporarily scale their in-house staff. If you are making the investment, how do you ensure you are receiving value? […]
Workforce Efficiency: Expectations vs. Reality
Like most business leaders, you probably have a firm set of beliefs regarding optimizing workplace efficiency. However, everyone’s opinions on the topic vary. In the post pandemic era, employees have some expectations regarding the workplace environment they will experience. Unfortunately, there is often a major disparity between individual expectations and reality, which can cause […]
Global Insurance Company Doubles Workforce Productivity with a Workforce Analytics Platform
For many companies, the number of hours per day employees actually spend on core tasks is surprising. Our client, a global insurance provider, had expectations of 7.5 productive hours per day. However, the company’s leadership team was concerned that managers were not driving consistent behaviors to meet these expectations. They turned to Sapience to gain […]
Sapience Customers Typically Realize Savings And/Or Rebates Of 30% Or More – In As Little As Three Months
Lack of External Labor Visibility Leads to Overbilling. Most enterprises have no way of knowing the actual work performed on their behalf by external resources. Without true visibility, companies often overpay for work provided by external partners and contingent workforces. Use Automated Workforce Data to Save Millions. With Sapience transparenSEE, a workforce analytics solution for […]
Fortune 500 Company Saves $12 Million In Outsourcing Costs With Workforce Data From Sapience
A Fortune 500 financial technology (FinTech) company that relied on external labor suspected it was being over-billed, but it needed the data to prove it. While workforce data often reveals surprising insights about people’s work patterns, our client was shocked to discover that most of the resources it was paying for weren’t logging in at […]
Leading Mortgage Lender Implements a Remote Work Strategy and Saves Over $16 Million with Sapience
When a residential mortgage and servicing company decided to implement a remote work strategy, it wanted to capitalize on the opportunity to improve operations and scale the business. With data available from multiple systems, management lacked a clear picture of work patterns to help predict completion of tasks, utilization, attrition, systems used, and more. Leadership […]
Global Bank Improves Efficiency and Employee Wellbeing with Workforce Analytics from Sapience
When you’re managing a global workforce of tens-of-thousands, employee efficiency is critical. Our client, an international bank with over 75,000 employees, was looking for a solution to increase productivity across its workforce and better manage capacity. Company leaders wanted to understand employees’ daily work patterns to identify manual processes that could potentially be automated, thereby […]
Global Bank Cuts External Labor Costs By $18 Million With Sapience
A global bank relied on external labor as a critical part of its business strategy. The bank was concerned, though, that vendors were over-charging for work provided by relying on workers’ self-reported hours. The bank needed a solution to validate work activity against invoiced hours and hoped that increased visibility would reveal opportunities for cost […]
Optimize External Labor Capacity Management And Reduce Costs With A Workforce Analytics Solution For The Contingent Workforce
Enterprises regularly rely on suppliers to provide contractors and contingent workforces to complete business-critical projects. But most enterprises have little if any visibility into the actual work being done by the resources they are paying for. This lack of transparency makes project management, planning, forecasting, and supplier negotiation incredibly challenging. It doesn’t have to be […]