NEW YORK--(BUSINESS WIRE)--Consol Vendor Management System (VMS), ProcureStaff Technologies’ enterprise services spend management system has medaled and captured a nomination in the 2011 IBA Stevie Awards competition as Distinguished Honoree for Best New Product of the Year for its Performance Analytics tool.
Consol’s Performance Analytics tool is an advanced, web-based dashboard that provides robust business intelligence reporting to its user community. Consol enables companies to capture complex data to measure and benchmark their services spend against that of their industry. This visibility drives more effective business decision-making.
Consol’s powerful multi-dimensional data warehouse makes analyzing and reporting on program performance fast, accurate and reliable. Consol’s Performance Analytics tool includes Quality analytics that are illustrated using a regression of price to quality of the contingent worker through a unique quadrant format that employs a “best value zone” vs. diminishing returns. Supplier scorecards provide for drill-down spend by region, skill set, location and time period assist companies maximize and optimize supplier relationships.
“This recognition by the IBA is indeed emblematic of ProcureStaff Technologies’ commitment to ongoing innovation in providing our clients the very best user experience with the most advanced analytics tool in the procurement industry,” said ProcureStaff Technologies’ President, Allen Rittscher. “With our dashboard and user friendly interface, users gain an unprecedented ability to derive insights into important business drivers such as supplier performance quality, spend trends, and divisional program support. These insights make their programs more efficient and cost effective,” Rittscher added.
About ProcureStaff Technologies
ProcureStaff Technologies, a subsidiary of Volt Information Sciences, Inc., is an industry leader in enterprise services spend management technologies, delivering innovation through a single platform for procurement and workforce management. Comprising Consol, the flagship Vendor Management System (VMS) and an array of custom software development services and infrastructure, ProcureStaff Technologies is a world class solution for automating top-quality services procurement programs. Fully scalable and easily configurable, the platform integrates seamlessly with existing ERP software such as Ariba, Oracle, and SAP. Visit www.consolvms.com.
About The Stevie Awards
Stevie Awards are conferred in four programs: The American Business Awards, The International Business Awards, The Stevie Awards for Women in Business, and the Stevie Awards for Sales & Customer Service. Honoring companies of all types and sizes and the people behind them, the Stevies recognize outstanding performances in the workplace worldwide. Learn more about The Stevie Awards at www.stevieawards.com.