Solutions Brief
Services Procurement in Magnit VMS
June 24 2022
Streamlining the end-to-end Statement of Work (SOW) process is challenging for many companies that lack the technology and processes to fully capture this spend. Magnit’s Vendor Management System (VMS) offers a host of powerful capabilities to help.
Our SOW solution brief provides a quick overview of how Magnit’s fit-for-purpose SOW technology empowers managers to better source and manage SOW with a variety of tools and data insights. Features include:
- Built-in RFI Capabilities: Quickly create questions, weight them and score responses
- Easy Quote Comparisons: View quotes side-by-side and collaborate with team members
- Consumerized Experience: Enjoy value-added features that simplify processes
- Robust “Downstream” Functionality: Easily monitor and manage engagements
Check out the solution brief and learn how Magnit’s SOW technology can help you simplify your SOW request process and optimize engagement management.