VectorVMS Recognized as a ‘Solution Leader’ by Spend Matters
In its first major accolade since becoming a stand-alone company, Spend Matters’ influential SolutionMap ranks VectorVMS as a Solution Leader.
VectorVMS, a leading provider of vendor management solutions, has been recognized as a ‘Solution Leader’ by leading analyst, Spend Matters. The SolutionMap report defines Solution Leaders as “providers with strong analyst scores.”
The Spend Matters ranking was published in the latest version of its SolutionMap report, which benchmarks technology and solutions within the procurement and supply chain spectrum. Rankings are determined through a series of rigorous analyses by a dedicated lead analyst and a team of supporting analysts. These include comprehensive product demos and documentation reviews of revenue models, buyer and supplier fees, new vs. replacement customers, customer TCO, ROI and success metrics, as well as case studies.
In a recent post on Spend Matters, the analysts described VectorVMS as “a contingent workforce solution that has many things going for it. It is a mature, robust VMS solution that provides a level of contingent staffing sourcing and management functionality that meets the needs of larger organizations, particularly in a number of verticals.”
The analysts also said, “VectorVMS’ technology is complemented by a high level of contingent workforce management experience and expertise, which it leverages into a unique menu of services suited to organizations—possibly those just starting their contingent workforce management programs—that require it.”
Less than a year old as a standalone company, VectorVMS launched in December 2018. Prior to this, its vendor management and contingent workforce management solutions were a division of leading Integrated Talent Management business, PeopleFluent.
“VectorVMS provides our customers with innovative technology coupled with the expertise needed to solve sourcing labor challenges and empower their future of work strategies,” said Marc Husain, Managing Director of VectorVMS. “I am thrilled that Spend Matters has recognized our capabilities in the SolutionMap rankings.”
Notes
To access a copy of the rankings report, click here.
To see VectorVMS in action, click here for a product demo.
About VectorVMS
VectorVMS, a former division of PeopleFluent, delivers software and services to help businesses optimize their contingent workforce programs.
We work closely with clients and partners—drawing on 20 years of experience to combine the right people, process, and technology to design and implement best-fit vendor management solutions.
With our VMS, HR and procurement teams can control costs, maintain compliance, and drive quality and efficiency throughout the contingent labor lifecycle.
VectorVMS delivery models are the most flexible in the industry. We empower clients to manage strategic sourcing entirely in-house or through one of our many trusted managed service providers (MSPs). A third option is our Shared Managed Services (SMS) program. With SMS, we augment client resources with a team of experienced program managers who provide operational support, white-glove service, and advice on industry best practices.
A part of Learning Technologies Group plc (LTG), VectorVMS also powers a total talent ecosystem that gives clients a holistic view of their contingent and full-time workforce.
For more, visit vectorvms.com.
About Spend Matters
Spend Matters is the leading source for procurement solutions intelligence and produces SolutionMap, a ranking system for evaluating solutions. Based on equal parts customer input and Spend Matters analyst scoring, SolutionMap benchmarks reflect different organizational needs using ‘buying personas’, making the rankings both timely and relevant to aid in selecting your best-fit procurement technology provider.