Solutions – Statement of Work
Statement of Work Management
Our Statement of Work (SOW) facilitation service improves outcomes, leveraging the gig economy for timely and cost-effective project completion.
Move to SOW contracting without the hassle
While it makes sense to use SOWs, sometimes the technology investments, implementation challenges, and operational overheads can outweigh the advantages. That’s where Workspend comes in.
We harness the advantages of SOW 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 cloud-based SOW software, through to ongoing contractual support and executive reviews, we’re there to help you fully leverage the potential of a contingent workforce.
What is a SOW?
A formal document used to define project-specific activities, deliverables and timelines for service providers, such as vendors, contractors, agencies or freelancers. It lets you:
- Formalize the contractual relationship between two parties
- Frame deliverables as series of waypoints
- Qualify remuneration and the associated payment schedule
Why partner with Workspend?
Diverse supplier
Workspend is a woman-led, 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 its users.
Tailored to fit
Through partnerships with leading workforce management software vendors, we offer the most suitable SOW solution to meet your needs.
Why choose our managed SOW approach?
Adopt Faster
Our configurable approach to software cuts deployment time and cost
Mitigate Risk
SOWs define project scope, aiding adherence to compliance requirements.
Reduce Admin
Simplify project oversight, cut admin overheads and demands on management
Boost Efficiency
Cut time to hire by automating SOW drafting, publishing & acceptance.
Control Costs
Reduce legal costs and time spent finding suppliers, formalizing contracts, etc.
Gain Visibility
SOW outlines project details, creating a clear picture of what’s being done, by who, and when.