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What is Matrix Prism?

Matrix Prism is a sophisticated workforce management platform that seamlessly integrates various functions such as hiring, screening, onboarding, compliance, assignments, and reporting into a unified and intelligent system, allowing organizations to efficiently discover, manage, and retain talent with improved visibility and control. Acting as an independent SaaS solution for workforce and vendor management, it also serves as a foundational engine for multiple related workforce applications including contingent labor management, background checks, talent pools, project workflow outcomes, and compliant payroll services. By creating a centralized “single source of truth,” it significantly reduces manual tasks and redundancies while standardizing compliant processes through organized controls and audit trails. Furthermore, it speeds up operations with guided steps and automation, and provides real-time dashboards along with customizable reporting, equipping leaders with critical insights into expenditures, performance metrics, activities, and compliance standards. This all-encompassing strategy not only simplifies workforce management but also empowers organizations to adopt data-driven approaches that boost overall efficiency and adaptability, ultimately facilitating a more agile response to changing business needs. Additionally, the platform's intelligent design ensures that organizations can swiftly adapt to evolving workforce trends and requirements, fostering a culture of continuous improvement.

What is Magnit Vendor Management System?

Our Vendor Management System (VMS) is a comprehensive solution designed for a wide array of participants in the contingent labor landscape, including procurement and HR leaders, department heads, managers, workers, and suppliers. With our Integrated Workforce Management (IWM) platform, you can seamlessly supervise your entire contingent workforce while managing worker lifecycles. Take advantage of cutting-edge, AI-driven features that facilitate significant cost savings. Utilize the most extensive dataset available for contingent labor to control bill rates and benchmarks effectively. Gain crucial insights throughout the contingent workforce lifecycle from a dependable source. Experience improved visibility into program data and outcomes, as well as an extensive range of features accessible with just a few clicks. Our cloud-based platform promises a user experience that is tailored to individual needs and is fully integrated. With real-time data synchronization across all profiles and devices, transitions between web, tablet, phone, and wearables are effortlessly smooth. Review candidate resumes and schedule interviews at your convenience, ensuring that you never miss an opportunity to engage with exceptional talent. This level of accessibility empowers organizations to make timely, informed decisions regarding workforce management, ultimately enhancing overall operational efficiency and effectiveness. Additionally, our VMS supports collaborative efforts among stakeholders, fostering a more integrated approach to managing contingent labor.

Media

Media

Integrations Supported

Additional information not provided

Integrations Supported

Additional information not provided

API Availability

Has API

API Availability

Has API

Pricing Information

Pricing not provided.
Free Trial Offered?
Free Version

Pricing Information

Pricing not provided.
Free Trial Offered?
Free Version

Supported Platforms

SaaS
Android
iPhone
iPad
Windows
Mac
On-Prem
Chromebook
Linux

Supported Platforms

SaaS
Android
iPhone
iPad
Windows
Mac
On-Prem
Chromebook
Linux

Customer Service / Support

Standard Support
24 Hour Support
Web-Based Support

Customer Service / Support

Standard Support
24 Hour Support
Web-Based Support

Training Options

Documentation Hub
Webinars
Online Training
On-Site Training

Training Options

Documentation Hub
Webinars
Online Training
On-Site Training

Company Facts

Organization Name

Matrix

Date Founded

2004

Company Location

United Kingdom

Company Website

teammatrix.com/matrix-prism/

Company Facts

Organization Name

Magnit

Date Founded

2010

Company Location

United States

Company Website

magnitglobal.com/us/en/solutions/vendor-management-system.html

Categories and Features

Workforce Management

Budgeting & Forecasting
Contractor Management
Employee Lifecycle Management
Labor Projection
Performance Appraisal
Recruiting Management
Scheduling
Skills Tracking
Time & Attendance
Variable Workforce

Categories and Features

Vendor Management

Audit Management
Contact Management
Customer Database
Self Service Portal
Supplier Master Data
Transaction History
Vendor Maintained Profiles
Vendor Managed Inventory
Vendor Performance Rating
Vendor Qualification Tracking

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