Latest news with #VendorManagementSystem
The Hindu
2 days ago
- Business
- The Hindu
Tamilnad Mercantile Bank Q1 net profit at ₹305 crore
Tamilnad Mercantile Bank Ltd., (TMB) has reported a 6.27% rise in standalone net profit for the June quarter reaching ₹305 crore, driven by continued growth in core lending and deposit business. The Gross non-performing asset (NPA) has decreased to 1.22% from 1.44%, reflecting an improvement of 22 bps. Similarly, the net NPA has decreased to 0.33% from 0.65%, an improvement of 32 bps. Total Special Mentions Account (SMA) to gross advances has reduced to 3.05% from 4.98%, marking a reduction of 193 bps. Meanwhile, the CRAR % has increased to 31.55% from 29.21%, improved by 234 bps. The bank also witnessed a steady business growth which has now crossed 9.86%. Deposits grew to ₹53,803 crore, while advances rose to ₹45,120 crore with a growth rate of 10.44% on Year over Year basis. The net interest income stood at ₹580 crore for the quarter QIFY26, compared to ₹567 crore for QIFY25, registering a growth rate of 2.29%. The bank's net worth also saw a healthy rise, reaching ₹9,328 crore with a rise of ₹1,084 crore registering a growth rate of 13.15%. As part of its ongoing transformation, TMB has undertaken several strategic initiatives. Among them is the implementation of Oracle CX, an integrated sales service platform to streamline customer lifecycle management. Vendor Management System, an unified platform for bank wide expenses management has been introduced (excluding HR functions). Additionally, the adoption of Business Process Management (BPM), represents a strategic shift towards becoming a fully digital, process driven bank.
Yahoo
17-07-2025
- Business
- Yahoo
Beeline Named Leader in Everest Group's 2025 Vendor Management System PEAK Matrix® Assessment
Company earns star performer status in North America for significant year-over-year advancements JACKSONVILLE, Fla., July 17, 2025 /PRNewswire/ -- Beeline, the leading technology solution provider for managing the global extended workforce, today announced it has been named a Leader in Everest Group's Vendor Management System (VMS) PEAK Matrix® Assessment 2025 across Global, North America, and EMEA markets. In addition to securing top placement, Beeline was also named a Star Performer in North America, reflecting exceptional year-over-year progress in both market impact and product capability. The PEAK Matrix® Assessment evaluates the performance of 25 leading VMS providers based on market success and delivery capability. Beeline distinguished itself through strong performance across key dimensions, including vision and strategy, product innovation, client satisfaction, and global adaptability. "Beeline's targeted investments in product innovation, advanced analytics, and a robust partner ecosystem have significantly enhanced its value proposition, contributing to its recognition as a Leader in Everest Group's Global VMS PEAK Matrix® Assessment 2025," said Krishna Charan, Vice President at Everest Group. "Its ability to serve a diverse client base—combined with a forward-looking vision for extended workforce visibility and AI-driven, skills-based hiring—positions it well to stay ahead of evolving client needs." Beeline continues to deliver results for clients by solving complex contingent workforce challenges across industries and geographies. Its differentiated portfolio—including Beeline Enterprise, Beeline Professional (mid-market), JoinedUp by Beeline (shift-based labor), and the Beeline Supplier Network—has expanded with the recent acquisition of MBO Partners, the premier solution for engaging and managing high-value independent professionals. "This recognition affirms our commitment to solving workforce challenges with flexible, data-driven technology that meets organizations where they are," said Colleen Tiner, Chief Product Officer at Beeline. "Beeline is the only platform purpose-built to manage and optimize every category of external talent—including contingent workers, independent contractors (ICs), consultants, gig workers, and payrolled professionals—within a single, compliant, and insight-rich ecosystem." Everest Group highlighted Beeline's standout performance in EMEA, particularly its adaptability to region-specific requirements such as multilingual interfaces, currency and tax compliance, and partner integrations. In North America, Beeline's continued innovation—including the rollout of JoinedUp by Beeline and AI-powered capabilities for skills-based hiring—contributed to its advancement as a Star Performer. To view the full report, visit: About BeelineFor over 20 years, Beeline has empowered businesses worldwide to achieve competitive advantages with their extended workforce. The Beeline Extended Workforce Platform provides the visibility necessary to mitigate risks, realize cost savings, and adapt to dynamic business needs. With tailored solutions focused on the complexities of the extended workforce, clients can leverage Beeline products that meet their unique requirements. Through thousands of integrations, organizations can connect their extended workforce data across all technology stacks, including major procurement and HR systems. Join the ranks of renowned brands benefiting from Beeline's seasoned expertise, collaborative innovation, and industry-leading partner network. Explore more at Disclaimer Licensed extracts taken from Everest Group's PEAK Matrix® Reports, may be used by licensed third parties for use in their own marketing and promotional activities and collateral. Selected extracts from Everest Group's PEAK Matrix® reports do not necessarily provide the full context of our research and analysis. All research and analysis conducted by Everest Group's analysts and included in Everest Group's PEAK Matrix® reports is independent and no organization has paid a fee to be featured or to influence their ranking. To access the complete research and to learn more about our methodology, please visit Everest Group PEAK Matrix® Reports. About Everest Group Everest Group is a leading global research firm helping business leaders make confident decisions. Everest Group's PEAK Matrix® assessments provide the analysis and insights enterprises need to make critical selection decisions about global services providers, locations, and products and solutions within various market segments. Likewise, providers of these services, products, and solutions, look to the PEAK Matrix® to gauge and calibrate their offerings against others in the industry or market. Find further details and in-depth content at Media Contact: Casey Bush for Beeline Global Results Communicationsbeeline@ View original content to download multimedia: SOURCE Beeline
Yahoo
28-05-2025
- Business
- Yahoo
Staffency, a TotalMed Company, Announces Merger with SimpliFi to Enhance Workforce Solutions
APPLETON, Wis., May 28, 2025 /PRNewswire/ -- Staffency, a premier workforce solutions provider and division of TotalMed, is proud to announce its strategic merger with SimpliFi, a trusted leader in healthcare staffing and technology solutions. This transformative partnership combines the strengths of two innovative organizations to deliver more agile, data-driven, and cost-effective workforce strategies to healthcare systems nationwide. By joining forces, Staffency and SimpliFi amplify their shared mission to serve as true partners to health systems – offering greater scale, service excellence, and technological innovation. Together, the unified company now supports workforce operations across over 2,200 care sites across the U.S., enhancing its reach while remaining rooted in the core values of transparency, trust, and accountability. While closely aligned in culture and purpose, each organization brings complementary capabilities that significantly expand the value delivered to our clients. The combined portfolio includes comprehensive workforce solutions – from contract labor contract labor management for physicians, advanced practitioners, nurses, allied health professionals, and non-clinical workers to specialized services such as strike staffing, scaling new graduate RN onboarding through its CAP program, and the development of internal and external float pools tailored for hospital systems. "We knew this merger was right because we share the same core vision: to serve as true partners to healthcare systems. By combining our expertise, we can continue to foster long-term customer relationships and elevate how workforce challenges are solved across the country," said James Quick, President of SimpliFi. Technology is a key catalyst behind this merger. Staffency's proprietary Vendor Management System (VMS) delivers unmatched visibility into labor market dynamics and real-time bill rate analytics – empowering health systems to make informed, strategic staffing decisions. SimpliFi's Stogo shift fulfillment platform enables hospitals to unlock capacity by seamlessly deploying internal staff and local gig workers, ultimately boosting patient care revenue while minimizing reliance on high-cost labor. "The combination of these two best-in-class organizations creates a workforce solutions company with the scale, service capabilities, technology, and expertise to tackle the most complex workforce challenges healthcare systems face," said Justin Tomlin, Chief Strategy Officer of Staffency. "We cannot wait to bring these enhanced solutions to both current and future customers." About Staffency Founded in 2014, Staffency delivers healthcare workforce solutions to hospitals, health systems, and medical centers across the United States. Based in Appleton, Wisconsin, Staffency is part of the TotalMed family of brands and offers a full range of services—including staffing, workforce management, and technology solutions—to help healthcare organizations optimize labor strategies and improve patient care. For media inquiries, please contact:Nichole VauxVice President, Marketingnvaux@ View original content to download multimedia: SOURCE Staffency Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
28-05-2025
- Business
- Yahoo
SimpliFi Announces Merger with Staffency, a TotalMed Company, to Enhance Workforce Solutions
LITTLE ROCK, Ark., May 28, 2025 /PRNewswire/ -- SimpliFi, a leading workforce solutions provider, is pleased to announce its merger with Staffency, a TotalMed company, strengthening its ability to deliver innovative, cost-effective, and technology-enabled staffing solutions to healthcare organizations nationwide. This strategic merger unites two industry leaders, combining expertise, technology, and talent to better serve clients and healthcare professionals. Together, the newly merged entity now delivers workforce solutions for over 2,200 care sites across the U.S., expanding service offerings while maintaining a shared commitment to transparency, trust, and accountability. While their mission and culture are highly aligned, each organization brings several unique strengths that enhance their collective capabilities. The merged company offers a broad array of workforce solutions, including contract labor management for physicians, advanced practitioners, nurses, allied health professionals, and non-clinical workers. In addition, the company has expertise in strike staffing, scaling new graduate RN onboarding through its CAP program, and developing internal and external float pools for hospitals. SimpliFi also created and facilitates the RED (Reflect Exchange Define) Labor Summits which bring cross functional groups of healthcare executives together to collaborate on workforce strategy. Health systems require more sophisticated tools to manage their workforce, and this merger brings together two-industry leading technology platforms. Staffency's Vendor Management System (VMS) provides clients with unparalleled visibility into market bill rates, enabling them to make informed, data-driven workforce decisions. SimpliFi's Stogo shift fulfillment platform allows hospitals to optimize their staffing by utilizing their own personnel or local gig workers, helping increase patient care revenue while reducing premium labor costs. "The combination of these two best-in-class organizations creates a workforce solutions provider with the scale, service capabilities, technology, and expertise to tackle the most complex workforce challenges healthcare systems face," said Justin Tomlin, Chief Strategy Officer of Staffency. "Our combined team is anxious to bring these enhanced solutions to both current and future customers." Moving forward, the two companies will operate under the SimpliFi brand, ensuring a seamless transition for clients, employees, and partners. "We knew this merger was right because we share the same core vision: to serve as a true partner to healthcare systems," said James Quick, President of SimpliFi. "By combining our expertise, we will continue to build long-term customer relationships while bringing new and innovative solutions to market." About SimpliFi SimpliFi, founded in 2011, provides workforce management services for some of the nation's leading healthcare systems, academic medical centers, and hospitals in all 50 states. SimpliFi is based in North Little Rock, Arkansas and is part of a family of brands focused exclusively on healthcare staffing and workforce management. About Staffency Staffency is a healthcare workforce solutions provider founded in 2014, specializing in delivering customized staffing strategies to healthcare facilities nationwide. Their Managed Services Provider (MSP) solutions emphasize efficiency, scalability, and accountability, providing streamlined hiring, credential compliance, and real-time analytics. For media inquiries, please contact: Scott KnoxVice President of Marketingsknox@ 604-4893 View original content to download multimedia: SOURCE Travel Nurse Across America Error while retrieving data Sign in to access your portfolio Error while retrieving data
Ottawa Citizen
28-04-2025
- Business
- Ottawa Citizen
Smartlinx Acquires Software Provider StafferLink to Streamline Workforce Operations in Healthcare
Article content Article content HACKENSACK, N.J. — Smartlinx, a leading provider of workforce management solutions for senior care organizations, has acquired StafferLink, a provider of contingent staffing management software for the healthcare industry. Article content StafferLink's cloud-based Vendor Management System (VMS) and Agency Staffing Management (ASM) software products were purpose-built for healthcare facilities, agencies and managed service providers (MSPs) to source, manage and pay their contingent workforce. In aggregate, StafferLink is used to fill over 2 million shifts and manage over $1 billion of spend annually across more than 2,000 agencies. Together, Smartlinx and StafferLink will be able to deliver end-to-end solutions that enable healthcare organizations to optimize their utilization of full-time and supplemental staff. Article content Article content 'We are thrilled to welcome StafferLink to the Smartlinx family,' said Mark Stoever, CEO of Smartlinx. 'This acquisition furthers our mission to provide comprehensive workforce management solutions to senior care facilities and other healthcare organizations. Together, we will innovate to address the industry's staffing shortages and other workforce challenges.' Article content 'StafferLink is excited to join forces with Smartlinx to help streamline healthcare workforce management,' said Jay Madsen, CEO of StafferLink. 'Smartlinx and StafferLink share a passion for solving complex staffing challenges, and our combined expertise will enable us to elevate our offerings and deliver even greater value to our customers.' Article content The acquisition was backed by Lone View Capital and follows their investment in Smartlinx in 2023. Leerink Partners served as exclusive financial advisor and Choate Hall & Stewart LLP served as legal counsel to StafferLink. Lincoln International served as exclusive financial advisor, Holland & Knight LLP served as legal counsel and Ropes & Gray LLP served as financing counsel to Smartlinx. Article content Established in 2000, Smartlinx is reshaping the senior care workforce landscape through innovative, purpose-driven solutions tailored for modern healthcare needs. From advanced scheduling and compliance tools to cutting-edge payroll and real-time workforce analytics, Smartlinx equips care providers to thrive in the face of change, providing the scalability and insights needed to lead in a dynamic industry. Learn more at Article content StafferLink provides a purpose-built SaaS platform for healthcare facilities, staffing agencies and managed service providers (MSPs) to source, manage and pay their contingent workforce. These solutions streamline end-to-end staffing operations, covering recruiting, credentialing, scheduling, time capture, payroll and billing. Learn more at Article content Article content Article content Article content Contacts Article content Media Contacts Smartlinx Matt Durgin Sr. Director of Marketing, Smartlinx Article content Article content
