You are probably spending too much on misclassified SOW resources that could be better used as staff augmentation. In fact, there are many potentially costly issues around Statement of Work resources:
Disparate system of record
Low awareness of negotiated rates
Lack of visibility into services procurement spend
Inconsistent SOW template usage
Low use of milestone billing
Vague objectives
Overpayment
Rogue spend
Scope creep
What is our approach to solving these issues?
We apply advanced Brightfield TDX artificial intelligence to analyze SOW documents and $400 billion of annual labor market transactional data to assess your SOW program, in a three-step process:
Analyze
Step 1
- Organize, summarize and analyze unstructured contract documents and data
Resolve
Step 2
- Identify resource misclassification
- Identify staff augmentation options
- Create and manage rate cards for talent moved off SOW
Strategize
Step 3
- Procurement, HR and BUs advised on optimal strategies for SOW management, for immediate and long-term implementation
How your organization benefits
Visibility into services procurement spend
Increase in SOW staff productivity
Reclassification of SOW as staff augmentation where appropriate
Identification of rogue spend
Opportunities for cost savings at SOW sub-category levels
Improved service from partner suppliers
Reduced contract management effort through supplier rationalization
Automate reading of SOW documentation for analysis
Better alignment of unified workforce to your organization’s needs
Seeing is believing
Curious to see how other companies manage the economics of their workforce? Schedule a live demo with one of our TDX Experts.
Seeing is believing
Curious to see how other companies manage the economics of their workforce? Schedule a live demo with one of our TDX Experts.
