3 Story Software (3SS), a prominent player in contingent workforce management solutions, has been named a 'Major Contender' in Everest Group’s Global 2024 Vendor Management System (VMS) PEAK Matrix® Assessment. This distinction underscores the company's significant market impact and advanced capabilities in the VMS sector.
Everest Group’s PEAK Matrix® framework evaluates 22 VMS providers across two primary dimensions: market impact and vision and capability. The assessment aims to guide buyers in selecting the most suitable service provider while offering vendors insights into their competitive positioning. The PEAK Matrix® is an invaluable resource for understanding the current landscape and future growth potential of the VMS industry. It assesses market impact based on market adoption, service breadth, and the value delivered to clients. Additionally, it examines technological innovation, unique strengths, client support, and strategic approach.
The recognition of 3 Story Software comes at a pivotal time. Over the past year, the staffing industry has faced a global contraction, a trend often seen during periods of economic instability and inflation. John Moore, Director of Client Solutions for 3 Story Software, emphasized the importance of visibility in contingent labor spend during such times, stating, "During times like this, it is especially important to have access and visibility to all of your contingent labor spend, whether it is in a single building or across multiple countries. 3SS is the SaaS application needed to manage all of your indirect labor needs."
The ability to adapt to challenging market conditions is crucial, and 3 Story Software’s solutions have proven to be robust and flexible. This understanding of market dynamics has been essential in shaping the company’s roadmap strategy and feature requests from their Managed Service Provider (MSP) partners. Joseph Marsh, Senior Vice President of 3 Story Software, reiterated the company's commitment to innovation and delivering enterprise-class solutions, stating, "At 3 Story Software, our commitment to innovation and delivering enterprise-class solutions remains unwavering."
The Vendor Management System (VMS) PEAK Matrix® Assessment with Technology Vendor Landscape 2024 is available here.
3 Story Software has been a leader in contingent and external workforce management since 2007, operating globally across 30+ countries. The company offers a highly configurable and scalable Vendor Management System (VMS) and Extended Workforce Management System (EWS) that adapts to the unique needs of various industries. With over 17 years of market experience and $2.9 billion in spend under management annually, 3SS has enabled efficient management of contingent labor, including hourly, SOW, independent contractors, indirect services, and direct hires.
For more information, visit 3storysoftware.com.
