Solutions – Statement of Work
Statement of Work Management
Our Statement of Work facilitation service maximizes the potential of SOW contracting to improve outcomes, harnessing the gig economy to get projects done on time and on budget.
What is a Statement of Work?
A Statement of Work (SOW) is a contract used to define project-specific activities, deliverables, and timelines for a service provider (i.e. vendor, contractor, agency, freelancer). SOW documents offer organizations a contractual instrument that frames contractor remuneration based on the achievement of project outcomes; this as an alternative to paying for hours worked with no liability on the provider to achieve results.
Through adopting SOW, you:
1. Formalize the contractual relationship between two parties
2. Frame the deliverables in the form of a series of waypoints
3. Qualify remuneration and the associated payment schedule
Move to SOW contracting without the hassle
While SOW makes sense, sometimes the technology investments, implementation challenges, and operational overheads can outweigh the advantages. That’s where Workspend comes in.
We harness the advantages of Statement of Work contracting into joined-up service-led programs. Whether you’re looking for a completely outsourced turnkey plan or a modular approach, our flexible approach can help you achieve significant gains. From the installation and configuration of modern cloud-based SOW software services, through to ongoing contractual support and executive reviews, we’re there to help you fully lever the potential of a contingent workforce.
Why choose Workspend as your SOW partner?
Diverse supplier
Workspend is a woman-owned, minority-certified company. Partnering with us means 100% of your SOW investments qualify as Tier 1 spend.
Driving value
We manage, govern, and enforce the SOW processes to fully maximize their potential – with every project underpinned by our commitment to delivering value.
We supply the tech
Our modular programs embrace leading-edge tech solutions that add ease of use and maximum value for all of its users.
Tailored to fit
Through partnerships with leading workforce management software vendors, we provision the most suitable SOW solution to meet your needs.
Benefits of our managed SOW approach
Adopt Faster
Our technology is designed on a ‘configure not customize’ approach cutting deployment time and cost
Mitigate Risk
Ensure compliance against regulatory frameworks
Reduce Admin
Simplify project oversight, cut admin overheads and demands on executives
Improve Efficiencies
with faster time to hire by automating SOW creation, publishing, acceptance, etc.
Control Costs
Reduce legal costs and time spent finding suppliers, formalizing contracts, etc.
Gain Visibility
Simplify project oversight, cut admin overheads and demands on executives
