Managed Solution for Staffing Industry
As staffing industries remain challenged to grow their revenues, their focus areas have also shifted to reduce their back office costs continually, streamline the business process through automation, front to back office integrations and integration with VMS systems. Given their proven experience in implementing and supporting global implementations be it compliance with global accounting requirements or managing global payroll, ERP System integrators are very strongly placed to help staffing companies reduce their back office costs both on the pay side and the bill side, thereby improving their bottom-line revenue.
Staffing industry are entering a perfect storm - they face such challenges as Customer Retention, Supply Shortage & Applicant loyalty, High operation costs, while seeking innovative options and models to reduce their back office costs and improve their profitability. These trends and challenges call for a completely managed solution combining BPO services with internet based architecture and applications that would enable staffing companies to outsource the two-mission critical functions of their industry – billing customers and paying candidates/suppliers. The Staffing companies further pay for all of it according to how much is used. They pay ‘per billed invoice’ on the bill side and ‘per pay slip’ on the pay side. This solution can also accommodate variants such as SaaS in the ‘pay-as-you-use’ model.
-Anil Bhatia
Anil Bhatia is a Senior Engagement Manager with Infosys Technologies Ltd. He leads Business Platform Engagements in Americas and Canada for key verticals such as Manufacturing, Services, Energy, Utilities, Communication and Media.
For more information on the Managed Solution for staffing industry, please meet us at booth#P3 at SIA executive forum. Click here for more details.
