Provade and MBO Partners Announce Strategic Partnership
Industry-Leading VMS Provider and Independent Contractor Engagement Specialist Offer Full-Service Support for Growing Segment of Statement of Work (SOW) Spend.
Provade, an industry leader in enterprise Vendor Management System (VMS) development for global contingent and SOW workforce management, is pleased to announce a strategic partnership with MBO Partners, the leading 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 Statement of Work (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. Their 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 will 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 will 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 will provide 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. Our partnership will quickly redefine industry leading best practices for enterprise SOW engagements.”
About MBO Partners
MBO Partners is the industry’s only complete business operating system for independent workers, offering technology solutions that make it easy for self-employed professionals and their clients to do business. By re-envisioning the entire contractor recruitment and engagement lifecycle, MBO improves how talented independents operate and succeed while helping enterprises reduce risk and get the best return on their contractor investments. To learn more, visit www.mbopartners.com.