3 Story Software Named 'Major Contender' in Everest Group’s 2024 VMS PEAK Matrix Assessment
TL;DR
3 Story Software (3SS) recognized as a 'Major Contender' in Everest Group’s Global 2024 Vendor Management System (VMS) PEAK Matrix® Assessment.
Everest Group utilizes the PEAK Matrix® framework to assess 22 VMS providers across market impact and vision and capability dimensions.
3 Story Software's scalable Vendor Management System (VMS) enables efficient management of contingent labor, making workforce management more adaptable and efficient.
Staffing industry contraction underscores the importance of adaptable solutions like those offered by 3 Story Software, shaping roadmap strategy and feature requests from MSP partners.
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3 Story Software (3SS), a leader in contingent workforce management solutions, has been recognized as a 'Major Contender' in Everest Group’s Global 2024 Vendor Management System (VMS) PEAK Matrix® Assessment. This recognition underscores the company's market impact and vision, positioning it favorably within the competitive landscape of VMS providers.
The Everest Group’s PEAK Matrix® framework assesses 22 VMS providers based on market impact and vision and capability, guiding buyers in selecting appropriate service providers and offering vendors insights into their competitive standing. The framework evaluates market impact by analyzing market adoption, service breadth, and value delivered to clients, while also examining technological innovation, client support, and strategic approach.
The importance of this recognition is amplified by the current economic climate. The global staffing industry has seen a contraction, consistent with patterns during periods of economic instability and inflation. John Moore, Director of Client Solutions for 3SS, emphasized the importance of having visibility into contingent labor spend during such times, noting that 3SS provides the necessary SaaS application to manage indirect labor needs across various locations.
With the industry adapting to challenging conditions, robust and adaptable solutions like those offered by 3 Story Software become crucial. The company’s understanding of market dynamics has been integral in shaping its strategic roadmap and feature requests from its Managed Service Provider (MSP) partners. Joseph Marsh, Senior Vice President of 3 Story Software, reiterated the company's unwavering commitment to innovation and delivering enterprise-class solutions.
The full VMS PEAK Matrix® Assessment with Technology Vendor Landscape 2024 is available here.
Curated from Newsworthy.ai
