RALEIGH, N.C.—July 13, 2022—VectorVMS, a leading provider of vendor management solutions, is proud to announce that it has been acknowledged as a ‘Major Contender’ in Everest Group’s Vendor Management System (VMS) PEAK Matrix® 2022 assessment.
The PEAK Matrix® is a model that can be used to understand the current state and future growth of the VMS market. The framework evaluates the participants’ impact by measuring their market adoption, portfolio diversity, and value delivered to the clients. Everest Group also analyzes each provider’s technology offering, differentiating capabilities, client support, and commercial model.
In its report, Everest Group presents a thorough analysis and assessment of 21 vendor management system technology providers from different industries and territories. The analysis looks at the impact of each contender within the market and its ability to deliver products successfully.
In particular, Everest Group’s report remarks on participants’ capability to enhance their:
- User Interface (UI) and User Experience (UX)
- Compliance management
- Reporting and analysis
- Talent pool creation
- Vendor and candidate sourcing
Marc Husain, Managing Director at VectorVMS, commented, “We’re thrilled that Everest Group has recognized VectorVMS’s capabilities as a significant provider of vendor management and contingent workforce solutions. This is our first time participating in the PEAK Matrix® Assessment, and it’s wonderful to be recognized for the considerable enhancements we’ve been making to our solutions and technology, as well as the support we offer to our clients with solutions that adapt to their needs..”
The Vendor Management System (VMS) PEAK Matrix® Assessment with Technology Vendor Landscape 2022 is available here.
VectorVMS combines innovative and trusted technology with leading industry experts to build specialized and state-of-the-art contingent workforce solutions. VectorVMS stands out through its flexible technology that enables configurable delivery models, whether for clients that want to manage their sourcing fully in-house, through a managed service provider (MSP) or the hybrid Shared Managed Services (SMS) program.
As a part of Learning Technologies Group plc (LTG), VectorVMS also supports a total talent ecosystem that gives customers a comprehensive view of their extended and full-time workforce.
For more, visit vectorvms.com.
About the PEAK Matrix® Assessment
The 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 Everest Group
Everest Group is a global research firm focused on strategic IT, business services, engineering services, and sourcing. Their clients include leading global businesses, services, technology providers, and investors. They guide their clients through a journey to maximize operational and financial performance, transform experiences, and realize high-impact business outcomes.