[NEWS] CWS Jeff Nugent Ask The Expert Session – Interview 1

San Jose, California, October 27, 2023 —

In an exclusive interview, Sunil Bagai, CEO of Prosperix, and industry expert Jeff Nugent explore the ever-evolving role of the Vendor Management System (VMS) in contingent workforce management. 

A contingent workforce is fundamental to the agile needs of today’s successful businesses. But gone are the days when contingent workforce management was solely cost-centric, predominantly influenced by procurement strategies in times of economic uncertainty. Today, a significant transformation is underway. The spotlight has shifted towards talent acquisition, onboarding, budgeting, and financial operations – with HR departments playing an increasingly pivotal role in shaping and managing this crucial workforce.

The key to maximizing value from your VMSs lies in the approach you adopt. Cost reduction and supplier consolidation are still baseline parts of the VMS value proposition, but modern VMSs offer so much more. If you aspire to enhance talent acquisition and cultivate an agile workforce, a forward-looking VMS is critical – as is establishing a distinct strategy to get the most from it.

The VMS landscape is in constant flux, with talent sources such as online platforms, independent recruiters, and direct sourcing entering the scene. To stay at the forefront of this evolving market, your VMS must be adaptable, leveraging the power of AI and automation to facilitate real-time, data-driven decision making.

Watch the full interview with Sunil Bagai on VMS Technology’s Future on the link above.

Prosperix Teams with Mother Miracle School to Expand Educational Opportunities for Disadvantaged Students

The school, located in Rishikesh, India helps its students break the cycle of poverty through a free K-12 English education, health care, nutrition, and technology training that translates into jobs.

Las Vegas, Nevada | January 30, 2023 – 

Prosperix, a workforce solutions company, has joined forces with Mother Miracle School in India to ensure the school’s future and increase the impact of education and jobs for its students. Prosperix CEO Sunil Bagai has made a financial commitment and is working to establish a school-to-work pipeline using the company’s workforce technology solutions to place students in software and IT jobs. These opportunities, at companies ranging from startups to large global companies, will help break the cycle of poverty for the students, their families, and their communities.

The students at Mother Miracle School come from households supported by low-wage work, like driving rickshaws or selling tea; the school gives them the education and training that helps them no longer be judged on their social status or the work of their parents. By supporting technical education and creating new job opportunities, students will experience more democratized access to careers and professional success.

“When I visited Mother Miracle School, I was deeply moved by the ways the non-profit cares for its students, providing everything from meals to musical instruments to the latest technology as a means to greater opportunity,” Sunil said. “I realized that since Prosperix already has a team of employees in India, we could set up a pipeline using our existing technology to help the students find good jobs, create better lives for them, and impact the entire community.”

Founded and led by Shalah Ettefagh, a US citizen, Mother Miracle School was established in 2008 and currently serves 486 economically-disadvantaged children, ages 4 ½ to 18 years old, who live in the community and surrounding regions. Her work is supported by many generous donors from around the world, most of whom she meets through personal introductions. “I met Sunil through a mutual friend, and his decision to work with us will change even more lives. He is such a positive example because he is Indian. His success and generosity will inspire our students,” she said.

Every student at the school receives general English education and technology skills training starting in kindergarten, with IT skills training beginning in in 6th grade. The school is the first of its kind in India to focus on technology training for such young students as a means to provide equal access to high-paying global job opportunities. Students learn skills like typing, Microsoft Office Suite, C, C++, Python development, HTML, and web design starting in elementary grades. And the model is sustainable because alumni come back to teach or volunteer and support the school financially. “This program makes it possible for students to disrupt the traditional social hierarchy, so by the time they graduate they are ready to apply their skills in the real world,” Sunil said. “This is an exciting initiative and provides a game-changing advantage for the students.”

School Director Kusum Bijalwan credits Shalah’s ability to make every student feel loved and capable as a major reason so many children excel. A graduate of Mother Miracle herself with two university degrees, Kusum said that her experience gave her opportunities she never imagined. “I joined Mother Miracle School when I was just an 8-year-old little girl with no dreams. I had never imagined that this school would change my life forever. This school not only gave me the best education, but also taught me to be a good human being,” she said. “Today I am managing the whole school. I am now independent and supporting my family financially. I am so grateful to Shahla mam for giving me this opportunity and changing my life.”

The school is expanding and will open an advanced technology center in 2024. The new facility will offer technical training to current students and others in the community who have completed 12th grade at a local school. The center will teach coding languages and their applications; staff will include full-time teachers, coders, developers, project managers, and support staff.

Since 2015, Shalah has received numerous awards for her work from the US and Indian governments, including the 2022 Ellis Island Medal of Honor in New York, the 2022 Fastest Growing Education Excellence Award in New Delhi, and the 2018 Mahatma Gandhi Samman Award at the UK House of Commons. Learn more about Mother Miracle School, sponsor a student, and donate here: https://mothermiracle.com/

About Prosperix

Prosperix is accelerating innovation in hiring and workforce management, enabling businesses to build extraordinary workforces. Our end-to-end software incorporates network effects, automates processes, and simplifies human interactions, while delivering actionable insights and improved outcomes. With our best-in-class solutions, we fuel our client’s biggest dreams by elevating human, workforce, and business prosperity. Learn more at https://prosperix.com

Prosperix Workforce Insights Moves Beyond Traditional Worker Tracking by Incorporating Real-time Data and Analytics

By adopting this modern, data-driven solution, every company can gain unprecedented insight into its total workforce, analyzing performance, costs, and outcomes in real time

San Jose, California, December 7, 2022

Prosperix, a workforce solutions company, introduces another industry-leading solution for companies struggling to meet today’s unpredictable and rapidly-changing world of work. Without visibility into an entire workforce, companies find it difficult to know who works for them, where they are located, what jobs are being done, how much is being paid, and what access they have within a company. And that can mean trouble on many levels.

Meet Prosperix Workforce Insights. More than traditional worker tracking, the updated, modern solution provides sophisticated worker tracking and analytics in one easy-to-use module. Users can manage a total workforce (extended and full-time) with the real-time data and analytics necessary to make quick, accurate, insightful decisions. Having that information means better tactical and strategic decisions which lead to better overall business outcomes.

“We know companies need this solution because they are asking for it, regardless of what’s in their existing technology ecosystems. Our offering is user-friendly and easy to integrate, so it is quickly becoming the answer for so many businesses,” said Prosperix CEO Sunil Bagai. “It’s a cost-effective, data-rich tool that increases the power of every workforce, and our clients are already achieving exceptional results.”

Prosperix Workforce Insights provides a single location where users can:

●    Gain full visibility and transparency into every aspect of a workforce

●    Access detailed reports based on spend, geography, departments, skills, and diversity

●    Gather complete assignment details and manage all documentation

●    Update provisioning teams to lessen security risks

●    Track and compare bill and pay rates

●    Classify workers accurately to reduce risk

●    Track purchase orders and complete billing information

●    Maintain a complete audit trail

This innovative, affordable solution can be implemented as a stand-alone solution available through the Prosperix VMS Network or be used as part of Prosperix Xponential, the company’s bundled solutions and services offering. Prosperix Xponential goes beyond the expected VMS/MSP combination, bringing together its patent-pending VMS Network, MSP expertise, hiring marketplace technology, 1099 compliance, and payrolling services into an end-to-end comprehensive solution.

For details about Prosperix Workforce Insights, download the fact sheet: 

Prosperix Xponential Makes Workforce Management Agile, Resilient, and Scalable to Support Exponential Growth and Improved Business Outcomes

The industry leader that introduced the only VMS Network now launches a comprehensive solution to create, manage, and future-proof every company’s extended workforce, making it extraordinary

San Jose, California | October 03, 2022 

Prosperix, a workforce innovation company, announces Prosperix Xponential, the newest addition to the company’s suite of solutions and services that help companies build and manage their extended workforces.

Prosperix Xponential is a bundled solution that joins the company’s patent-pending VMS Network, MSP expertise, hiring marketplace technology, and payrolling services into an end-to-end comprehensive solution. Companies adopting the solution are finding greater success engaging the right workers, suppliers, and partners to create a high-performance workforce and achieve their business goals.

“We created Prosperix Xponential because we understand that to be competitive – and succeed – in today’s unpredictable, fast-paced economy, companies need a highly-skilled, talented workforce. To achieve that goal, they need a workforce that’s agile, resilient, and can meet current and future needs,” said Sunil Bagai, CEO of Prosperix. “Prosperix Xponential allows growth at whatever speeds and volumes a business requires, no matter what their hiring initiatives look like, creating an extraordinary workforce. Companies need to meet exponential changes with an exponential solution, and this is exactly the problem we’re solving.”

The solution adds multidimensional benefits that will positively impact a company’s workforce, procurement or hiring team, technology ecosystem, day-to-day tactical matters, and strategic efforts. Prosperix Xponential includes:

●    MSP expertise provided by seasoned advisors that bolster the ability to hire quickly and effectively while monitoring key details like supplier and worker KPIs and budgets

●    VMS Network with a built-in hiring marketplace that provides real-time analytics and reporting, automated supplier management, candidate-centered experiences, and complete hiring lifecycle management

●    Hiring Marketplace that offers direct access to thousands of suppliers that provide talent across skills sets, niches, and geographies, increasing numbers of qualified, vetted, available candidates

●    Payrolling and employer-of-record services for all worker categories that enable immediate worker onboarding, while managing compliance, taxes and withholdings, background checks, and workers compensation

●    Unmatched candidate experience that results in higher-quality workers because they feel connected and aligned.

“When we developed Prosperix Xponential, we knew we were bringing something unique and necessary to the market,” Sunil said. “So, the logo reflects the upward trajectory we bring to every Xponential organization. As a company, we believe that workforce success happens when the focus is on people and technology. This new solution becomes yet another way we’re able to help companies and their workforces thrive.”

Prosperix Named a VMS Market Leader by Future of Work Exchange for its Disruptive, Innovative Technology

Leading analyst Christopher J. Dwyer also recognizes the workforce solutions technology provider for its focus on the human elements that allow companies to truly succeed.

San Jose, California, August 8, 2022 — Prosperix, and its patent-pending Prosperix VMS Network, are named a Market Leader in the Ardent Partners and Future of Work Exchange (FOWX) 2022 VMS Technology Advisor Report. Prosperix is a workforce innovation company providing a full suite of solutions and services that help companies manage their extended workforces.

The report analyzes nearly a dozen VMS offerings, rating solution and provider strength. Prosperix is an overall favorite, based on its “unique workforce management infrastructure and commitment to the human elements” found in every workforce. The vendor management system (VMS) is touted as one of the “most disruptive” and “most innovative” available in the marketplace.

“We’re honored to be recognized as a VMS leader and remain committed to helping businesses meet their unique hiring challenges, no matter how the unpredictable global economy continues to shift. Our innovative platform – the only one in the industry with an integrated hiring marketplace – provides access to unlimited suppliers and talent pools, ensuring higher-quality workers, which results in extraordinary business outcomes,” said Sunil Bagai, Prosperix CEO.

Prosperix’s end-to-end technology uses network, machine, and human intelligence to enhance contingent workforce management. Through its Xponential Workforce solution consisting of MSP, VMS, and hiring marketplace capabilities in a single offering, companies realize significant value. Beyond cost savings, they experience exponential scalability, improved supplier and candidate performance, increased compliance, real-time data insights, and full automation.

A robust solution for any company, the report notes that the Prosperix VMS Network is especially effective for mid-sized and large enterprises needing a VMS, integrated hiring marketplace, and real-time analytics. Because the platform places special emphasis on the candidate experience, it is especially well-suited to companies that run people-focused workforce programs.

“Prosperix represents the next generation of workforce management technology,” said Christopher J. Dwyer, Senior Vice President of Research at Ardent Partners, Managing Director of the Future of Work Exchange, and author of the new report. “The solution’s VMS Network is one of the most disruptive products on the market. Prosperix is primed for continued success based on its commitment to a candidate-centric model, innovative software, and its reliance on Future of Work-era functionality.”

Prosperix was also named a Key Provider in 2021 by FOWX for its overall solution that provides a powerful user experience and its revolutionary solutions for workforce management. FOWX highlighted the company’s unification of technology and the human element, allowing companies, suppliers, and candidates to thrive in today’s rapidly-evolving economy.

Read the Prosperix 2022 VMS Technology Advisor Report:

Prosperix Unveils Prosperix VMS Network, Best-In-Class Contingent Workforce Management Software

Fueled by innovation, intelligence, and powerful network effects, Prosperix VMS Network changes the paradigm for hiring and managing a contingent workforce.

San Jose, California (Newsworthy.ai) Thursday Mar 24, 2022 @ 6:00 AM Pacific —

Prosperix, a workforce innovation company, today announced the release of Prosperix VMS Network, a cloud-based vendor management system (VMS) that brings businesses, talent suppliers, and job candidates together in a common ecosystem. The software enables precise connections, richer insights, lower costs, and faster hiring.

When businesses adopt the Prosperix VMS Network, they are doing more than implementing a stand-alone VMS. They’re joining the world’s largest VMS network of connected businesses, suppliers, and candidates. The end-to-end technology provides access to exponential hiring capabilities, easier scalability, real-time data insights, and automation.

“In a world of rapid, often unpredictable change that requires businesses to be agile and dynamic to succeed, they must have innovative hiring solutions to keep up”, says Sunil Sunil Bagai, CEO of Prosperix. “Prosperix VMS uses network, machine, and human intelligence to enhance contingent workforce management and achieve outstanding hiring outcomes.”

The powerful artificial intelligence at the core of the Network matches open job requisitions to the best suppliers based on a number of real-time parameters. Other innovations found in the Prosperix VMS Network include:

  1. Fully-integrated hiring marketplace
  2. Automated supplier management
  3. Real-time reporting and analytics
  4. Fast and flexible hiring workflows
  5. Simple and intuitive workforce management
  6. Immediate set-up and go-live

When companies use the Prosperix VMS Network, they can feel confident that the right suppliers are engaged with the right open roles at the right time, resulting in complete submission coverage, greater supplier competition, and improved rates.

“There are distinct advantages to a network-based workforce hiring and management solution,” says Christopher J. Dwyer, managing partner at Ardent Partners. “By using technology that connects them to a network of suppliers, businesses can exponentially increase their access to talent and achieve better hiring outcomes.”

For more information about Prosperix VMS Network visit https://prosperix.com/vendor-management-system

About Prosperix

Prosperix is accelerating innovation in hiring and workforce management, enabling businesses to build extraordinary workforces. Our end-to-end software incorporates network effects, automates processes, and simplifies human interactions while delivering actionable insights and improved outcomes. With our best-in-class solutions, we fuel our client’s biggest dreams by elevating human, workforce, and business prosperity. Learn more at https://prosperix.com