RALEIGH, N.C.—June 6, 2023— VectorVMS, a leading provider of cutting-edge vendor management solutions, is proud to announce its recognition as a ‘Major Contender’ for the second consecutive year in Everest Group’s Vendor Management System (VMS) PEAK Matrix® 2023 assessment.
The PEAK Matrix® serves as a crucial model for comprehending the present state and future growth of the VMS market. It’s a framework that evaluates VMSs on aspects such as market adoption, portfolio diversity, and value delivered to clients. It also assesses technology offerings, differentiating capabilities, client support, and commercial models. The assessment aims to help buyers find the right-fit provider for their contingent labor management needs.
This year, Everest Group’s comprehensive analysis and assessment evaluated 22 vendor management system technology providers from various industries and territories. The evaluation studied each provider’s key strengths and limitations, delving into each contender’s impact on the market and their ability to successfully deliver products.
Marc Husain, Managing Director at VectorVMS, stated: “We’re thrilled to receive recognition from Everest Group for the second year in a row. This acknowledgment reaffirms VectorVMS’s position as a significant provider of vendor management and contingent workforce solutions. It’s a testament to the considerable improvements we’ve made to our solutions and technology, as well as the exceptional support we provide to our clients with adaptable solutions.”
The Vendor Management System (VMS) PEAK Matrix® Assessment with Technology Vendor Landscape 2023 can be accessed here.
About the PEAK Matrix® Assessment
Everest Group’s PEAK Matrix® is a framework that provides a comparative assessment of service and technology providers using a data-driven approach. It interviews and analyzes 15-25 top providers from a specific industry, assessing them in two aspects: their vision and capabilities, and their market impact. The matrix categorizes the selected providers as Star Performers, Leaders, Major Contenders, and Aspirants depending on their results.
About VectorVMS
VectorVMS combines innovative and trusted technology with industry experts to develop specialized and state-of-the-art contingent workforce solutions. Our flexible technology empowers configurable delivery models, enabling clients to manage their sourcing fully in-house, through a managed service provider (MSP), or the hybrid Shared Managed Services (SMS) program.
As part of Learning Technologies Group plc (LTG), VectorVMS also supports a total talent ecosystem, providing customers with a comprehensive view of their extended and full-time workforce.
For more information, please visit vectorvms.com.
Meet the Expert
Nikki Williams – Marketing Brand Manager
Nikki Williams is responsible for marketing strategy and implementation for VectorVMS. In her role, she helps contingent workforce professionals discover the value of a vendor management solutions through blogs, webinars, conferences, and more. Her goal is to ensure these professionals can quickly find answers to their questions about VMS technology. Nikki has more than 10 years of experience as a marketing professional for technology, including human resources technologies as well as leadership and organizational development services. Connect with her on LinkedIn.
