This Spend Matters PRO Vendor Analysis provides an overview of NHD and its solution for contractor and project management.
With the world modernizing and mobility increasing, the workforce has become more transient. The freelance and contractor market is thriving. Companies have seen the benefits of hiring temporary workers for short-term to long-term projects. Whether in construction or healthcare, for seasonal jobs or for a business with temporarily increased demand, more and more businesses are adopting a temporary workforce.
But while a temporary workforce brings benefits, it also brings many administrative tasks. From on-boarding paperwork to time tracking and beyond, each temporary employee requires increased management, and the process carries associated risk.
NHD works to mitigate these problems. Since 1988, NHD has been helping businesses track their projects and the individuals and expenses involved in each. Its comprehensive solution features the following modules to help businesses manage projects and costs: sourcing, procure to pay, workforce management, equipment management, turnaround management, time management, facility management, audits, analytics and contractor cloud interface. NHD offers catalogs for various industries and covers the following billing methods: project-specific, unit rate and skill, time and materials, fixed prices and lump sum. NHD integrates with any ERP system and workforce management system to keep the overall project flowing smoothly.
Here’s why NHD Matters:
- To the market — NHD centralizes contractor management and its many parts into one system by serving as a link to existing ERPs and workforce management systems.
- To customers — NHD has over 30 years of industry experience helping with all aspects of contractor management. It centralizes all information related to a project to improve efficiency, cost savings and transparency.
- To potential buyers — NHD has the potential to save companies time and money with its document tracking, analytics and audit capabilities, all of which exist on one platform.
This Spend Matters PRO Vendor Analysis explains what makes NHD different from other Contractor and Project Management vendors, gives an overview of the vendor’s capabilities and its competitors, provides tech selection tips and closes with key analyst takeaways.