ProHance launches governance platform to track contingent workforce metrics

ProHance, an AI-driven platform for enterprises, has introduced a unified governance platform aimed at tracking and enhancing performance metrics for outsourced and contingent teams. This new governance layer offers an independent, unified proof of the actual contributions of contingent workforce, serving as a single source of truth for finance, delivery, and vendor management teams.

Enterprises can now efficiently allocate idle capacity, validate invoices, negotiate renewals based on evidence, identify delivery risks before they escalate, and provide audit teams with a solid record. The contingent workforce management has transitioned from a function centered on vendor onboarding, contracts, and compliance to a strategic capability contributing to over 20% of the workforce.

However, the technology to manage the performance of this workforce has not been able to effectively control cost leakage, as it can only provide evidence of work done. ProHance developed the platform with a focus on three key measures: CostLeakage— Clear governance of expenditure against delivery, SLA Adherence — Enhancing the predictability of delivery within time-and-materials engagements, and Output — Optimizing the value the workforce creates, along with utilization.

The platform consolidates all three metrics into a single location, enabling Finance, Delivery, and Vendor Management teams to access the same data instead of relying on separate tools, transitioning from fragmented ownership to joint governance. ProHance initiated the deployment of this platform across Fortune 100 companies, where it has been rigorously tested and validated, providing the necessary insights.

Ankur Dhingra, CEO of ProHance, commented, "Every system an enterprise runs today can inform it of what it bought, but none can inform it of what it got." The platform aims to create a single source of truth for contingent teams, offering a defensible number for Finance, Delivery, and Vendor Management to act upon, measured from the work itself rather than vendor reports.

This gap has been addressed by the new platform, initially targeting outsourced and contingent teams, where existing tools fall short. For more information, visit www.prohance.ai.