This report leverages Everest Group’s proprietary PEAK Matrix® framework to evaluate 22 VMS providers’ capabilities across two key dimensions: market impact, and vision and capability. The study aims to assist purchasers in choosing the most suitable service provider for their requirements, while also enabling providers to evaluate their performance relative to competitors.
The PEAK Matrix® serves as a valuable tool for comprehending the present condition and prospective expansion of the VMS industry. This framework assesses the influence of participants by gauging their acceptance in the market, the range of their offerings, and the value they provide to clients. Everest Group additionally examines the technological solutions, unique capabilities, client assistance, and business approach of each provider.
Specifically, the report by Everest Group highlights the participants’ potential for improving the following areas:
- User Interface (UI) and User Experience (UX) enhancement
- Management of global compliance requirements
- Reporting and analytical capabilities
- Creation of a skilled talent pool
- Sourcing of vendors and candidates
Joseph Marsh, Senior Vice President of 3 Story Software, commented “We at 3 Story Software are determined to consistently innovate and provide the enterprise-class features and functionality that our clients demand. We are delighted by the acknowledgment from Everest Group, recognizing 3SS as a prominent global provider of solutions for contingent and extended workforce solutions.”
The Vendor Management System (VMS) PEAK Matrix® Assessment with Technology Vendor Landscape 2023 is available here.
About 3 Story Software
3 Story Software (3SS) has been a pioneer in the fields of contingent and external workforce management since 2007. It’s a system built to be highly configurable and easily scaled up (and out) to support as many worker scenarios, in as many places in the world. The 3SS VMS is a full-featured SaaS-based application for acquiring and managing contingent labor throughout the complete procurement process – from initial requests to invoicing. 3SS has over 140 global clients throughout Europe, Asia Pacific, and North America using 10 different languages and 12 different currencies. The application allows users to request and manage contingent labor in all its forms: Hourly, SOW milestone, SOW time-and-material projects, independent contractors, indirect services, and even direct hires.
Learn more at 3storysoftware.com