CognizantThe customer this was delivered for.Saved $13.4M+ and Automated 90% of Contingent Workforce
Key results
- $13.4 million+ savings in first year
- 90% of contingent workforce automated
- 17,000+ external contractors managed
Cognizant, a global IT services company with over 336,000 employees and 17,000+ external contractors, faced the challenge of managing tenure-based discount negotiations with staffing suppliers at scale. Manual bill rate adjustments across a large contingent workforce created administrative burden and inefficiency. The organization needed a way to ensure predetermined tenure milestones were consistently tracked and applied. Cognizant implemented an automated solution to track contractors from onboarding through offboarding and apply bill rate adjustments at predetermined tenure milestones. The program applied adjustments at milestones such as 12 months, 18 months, and 24 months without manual intervention. This automation removed the need for manual rate adjustment activities and standardized how tenure-based discounts were applied. The automated program delivered significant cost savings in the first year while improving efficiency for managing a large contingent workforce. It saved $13.4 million+ in the first year. It automated 90% of the contingent workforce and supported management of 17,000+ external contractors.
Beeline


