Increase Visibility
KNOW YOUR CONTRACTORS LIKE YOU KNOW YOUR EMPLOYEES
Today’s executives use diverse, sophisticated technologies to keep their finger on the pulse of every aspect their businesses. After all – it’s your responsibility to know the details of your operations so you can maximize profits and increase shareholder value.
But most business leaders have little insight into their independent contractors, 1099s, and SOW consultants. And this lack of knowledge can have potentially dangerous consequences.
With MBO Enterprise Solutions, knowledge is power. By fully understanding your business’s IC usage, you can take a huge step toward air-tight compliance and total spend management.
Visibility You Can Measure
MBO Enterprise gives business leaders unprecedented visibility into their contract workforce. It starts with contractor-focused IC engagement solutions that ensure highest possible program adoption. Without adoption, maverick hiring managers will often find ways to engage contractors outside your governance. And what you don’t see, you won’t know.
MBO Enterprise collects and maintains a wide range of financial, compliance, and demographic data on ICs engaged through our services. We give you access to a secure, private online system through which you can instantly run a wide variety of real-time reports. With MBO Enterprise, you can learn in minutes what would previously have taken you months – if at all.
The Great Unknowns
If you’re like most businesses, you don’t know how many ICs you use or what you’re spending on them. You don’t know if your internally engaged contractors are operating compliantly or if your outsourced service providers are using non-compliant sub-contractors. You don’t even know if they’ve been subjected to background checks or if their identity has been verified.
And what’s worse, you don’t know what these unknowns may be costing you.
Lift the fog
Why is visibility into your contractors so valuable? Once you can see what you’re spending on ICs, you can easily control costs by managing rates, supervising budget adherence, and eliminating providers whose rates exceed corporate limitations. But don’t just take our word for it. According to research from Aberdeen, “companies using MBO Enterprise Solutions realize 71% better visibility into independent contractor spend than their peers.”
