WASHINGTON & PLANO, Texas–(BUSINESS WIRE)–Brightfield, the world’s most trusted Extended Workforce guided buying platform, and Sapience Analytics, a global leader in workforce analytics, insights and decision support, have today announced their strategic partnership. Together, the companies will modernize contingent labor efficiency, productivity, and expense management, using innovative and robust analytics and insights.
Through this partnership, customers of both organizations will benefit from Brightfield’s sophisticated pricing data based on millions of contingent labor transactions and Sapience’s SaaS platform with over a trillion hours of Work effort data collected to gain visibility into the true productivity of contingent workers. The goal is to help customers:
Enter supplier negotiations with accurate pricing and usage data
Provide visibility into supplier performance to reduce overspending
Optimize their supplier network to increase the efficiency of their extended workforce
By combining TDX pricing and vendor insights from Brightfield with usage insights from Sapience Vue, companies gain a significant competitive advantage in contract labor with a more holistic and accurate view. economy and the productivity of their casual workforce. Features are powerful synergistic additions to the Procure-to-Pay ecosystem. Each solution offers a significant return on investment offering quickly executable material savings on the bottom line or the ability to redirect the savings to investments in other business priorities.
“While the extended workforce now accounts for nearly 50% of the total workforce, most companies still lack the visibility needed to manage the costs and productivity of this vital human asset” , said Jesse Levin, CEO of Brightfield. “Through Brightfield’s partnership with Sapience, customers benefit from the unique ability to combine real-time labor cost information with labor productivity analytics. This combination creates an unprecedented opportunity for business leaders to measure and manage the productivity of their entire workforce, across employee, contingent, and managed service teams. »
“Achieving full transparency through the use of advanced data and insights is key to executing a successful next-generation sourcing strategy,” said Bradley Killinger, CEO of Sapience Analytics. “Due to the existing customer successes we have already created with Brightfield, we knew formalizing the partnership was the next logical step. We are excited to bridge the gap between companies and their supplier communities with deeper analytics, insights and decision support to strengthen relationships and business results for our customers.
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Brightfield’s TDX platform automates the design of modern work: the right team from the right source at the right price. Powered by the world’s largest proprietary employer data network, over $400 billion in real-time transaction data, and cutting-edge data science and artificial intelligence technology, TDX ingests your labor data , vendors, contracts, and people, and analyzes them and translates them into prescriptive recommendations for optimal contract labor decisions across all areas of your business. To learn more, visit brightfield.com.
About Sapience Analytics
See how your business really works. Partnering with companies around the world, Sapience Analytics delivers data and insights to amplify workplace productivity across people, process and technology. Founded in 2009, Sapience focuses on trending work effort data using Vue Analytics, our flagship analytics, insights and decision support platform. With trillions of hours of work data collected and analyzed, Vue empowers executives and managers to stop guessing and start knowing what’s really going on at their company in today’s modern workplace. today. Visit sapienceanalytics.com for more information.