A managed service provider (MSP) helps organizations manage their regional or global contingent workforce. An MSP partner provides: Flexible talent vendor selection and budget oversight, Customized contingent workforce strategies based on industry insights Flexible talent tracking and process improvements across your organization, including the evaluation of flexible talent engagement Implementation of contractor management technology Streamlined onboarding and off-boarding Invoice consolidation, payroll management and compliance expertise Labor law compliance for single-location companies and multinationals.