Milwaukee, Wis.—August 7, 2014—Provade, Inc., an industry provider of enterprise vendor management system (VMS) development for global contingent and statement of work (SOW) workforce management, announced a strategic partnership with MBO Partners, a provider of management services for independent professionals and the clients that engage them. Provade’s VMS technology, combined with contractor engagement solutions from MBO Partners, helps customers control, centralize and safely manage their growing SOW spend, especially as SOW talent is increasingly comprised of independent contractors and small consulting teams.
“MBO Partners focuses on engaging the fastest growing segment of our workforce—the independent contractor. The mission aligns with Provade’s SOW management capabilities, filling a critical gap in the contingent workforce programs of large enterprises. This solution combines the benefits of fixed price engagements with the risk mitigation necessary to safely and efficiently engage directly with individuals or groups of independent contractors,” said Edward Jackson, president of Provade. “For the first time, clients have the peace of mind that comes with compliant work arrangements, as well as the cost savings that come with visibility right down to the contractor level.”
Provade and MBO Partners offer a spectrum of services, from organizing existing SOW spend into cost-effective and safe engagement arrangements to supporting direct sourcing that benefits both the enterprise client and the independent contractor. MBO provides a business operating system designed specifically for independent contractors, while Provade provides the proven SOW engagement capabilities to act as the system of record for the enterprise.
“MBO Partners, when paired with Provade’s VMS technology, delivers enterprise-grade solutions to address the fast-growing project economy in a compliant and cost-effective manner,” said Gene Zaino, CEO of MBO Partners. “This is the next big opportunity for disintermediation of contingent workforce spend.”