COST impact of staff augmentation misclassified as SOW spend
SOW Cost Calculator
Brightfield identifies an average 20% of SOW spend that should be reclassified as staff augmentation work in the Contingent Workforce program.SOW rates are, on average, 30% higher (but can be more than 100%!) than the same roles from temporary staffing agencies.
Example Brightfield AI-Enabled Findings:
High number of SOW Suppliers for amount of spend
High spend SOW categories with a high probability of misclassification
Lack of data visibility into SOW details (i.e. type, workers, rates)
Lack of data integrity (i.e. supplier names, roles)
30% reduction in identified misclassified spend
Reduce contract management effort through supplier rationalization
Decrease A/P overhead costs for invoice processing via transition to an automated solution or for a rationalized supply base
Risk mitigation from visibility and controls on SOWs misclassified in countries with pay parity penalties for non-compliance
SOW MisclassificationMis-classification risk and identify savings opportunity.
SOW VisibilityInform strategy and identify optimization opportunities. Gain complete control of your SOW spend by categories, suppliers and outcomes. Harness deeper insights into current contract and invoicing structure
Seeing is believing
Curious to see how other companies manage the economics of their workforce? Schedule a live demo with one of our TDXperts.