VMS Process

Our Vendor Management Solution Process.
VMS Process

OUR PROCESS: Vendor Management On-Line Software Solution

Through our fully managed on-line software LIMITLESS Vendor Management Solutions (VMS)gives organizations absolute visibility into their vendors: managing contracts, compliances, risks and spends. VMS enables businesses to better control expenses, drive service excellence and mitigate risks associated with vendors. At LIMITLESS we have a powerful process improving overall bottom line. Our customizable system fits the needs of businesses on an individual basis. LIMITLESS performs a strategic audit and optimization process to ensure that your vendors and provider services are accurate and at the lowest rate obtainable.

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Benefits of VMS

Increased Visibility and Value

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    IMPROVED TRACKING

    Vendor Management Solutions with LIMITLESS allows improved tracking of not only spends but includes: document repository, inventory management, dashboards, report metrics and improved financial planning and analysis.
    This powerful information helps streamline the budget process, perfect acquisition modeling, improve spend accuracy and bottom-line increase profit.

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    A COMPLETE INVENTORY

    A complete inventory of your contracts and billing are loaded and maintained through your portal for the purpose of base-lining when auditing an invoice.Discrepancy reports are produced so invoice errors can be tracked and all credits and refunds can be facilitated on the client’s behalf. Also, LIMITLESS will even assist with your carrier payment processing.

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    STREAMLINE AND AUTOMATE

    The LIMITLESS vendor management solution can streamline and automate the many processes that support contracts, invoices, agreements, and vendor information all at your fingertips. Do not allow a lack of visibility into vendor deliverables and performance to increase costs and decrease the value of your company!!! An enterprise-based solution that automatically generates vendor management metrics will deliver valuable insight for regaining control of your vendor activity.

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    SOLUTIONS FOR EXECUTIVES

    LIMITLESS provides Vendor Management Solutions for executives just like yourself, who are concerned or frustrated with difficult to manage fixed and varying expenses. A few underlying examples that are often overlooked are in the areas of telecom such as: bulk TV, internet, conferencing, cable, data services, voice services, etc. and in utilities items like: water, gas, electric, waste, recycling, etc. That’s not all. There are many other vendors like merchant card services, travel, landscaping, linens, chemicals, janitorial, elevators, and many more.
    CLICK HERE for a list of most common vendors.

Let’s find out how Limitless can help you. Let’s get started

VMS

Features to an effective Vendor Management Solution:

  • Spend Analytics

    Provides identification of profitability trends and compares/contrasts changes over time.

  • Benchmarking (Rates-Terms):

    Gain a competitive advantage with national insight on spend categories and vendors.

  • Vendor Risk Management:

    Track historical vendor data. Avoid duplication of selection errors.

  • Document Management System

    Increases search efficiency with detailed centralized repository.

  • Vendor Contract and Agreement Inventory

    Stops the misplacement of potentially cost affecting agreements and loss of assets.

  • Spend Visibility

    Identifies savings opportunities, better enforce and facilitate contract compliance.

  • Cost Reduction

    Decreases costs while Increasing Profit Margins.

  • Compliance Tracking

    Removes potential Risks and Ensures controls and performance.

  • Contract Management

    Reduces risk by ensuring compliance with licensing and legal guidelines.

  • Vendor Visibility – Transparency

    Gives credentials insight of vendors and provides more than just pricing comparisons.

  • Vendor Accountability

    Improves service performance with product and services standardization.

  • Vendor Assessment/Ranking

    Increases selection quality by objectively comparing past and current performance of suppliers.

  • Cost Controls

    Increases quality process controls and standards for pricing. (Stops “cost creep”)

  • Asset Management

    Improves physical environment knowledge management and better long-term capital planning.

  • Process Improvement

    Improves Operational efficiency and customer service.

  • Profit Improvement

    Increases Operating Margins, Cash Flow, Net Profit, Cap Rates, Valuation and Shareholder Value.

  • 3rd Party Expertise and Neutrality

    Provides true analytical and competitive marketplace facts without bias.