Everest Group VMS PEAK Matrix Assessment 2023

As the extended workforce expands in size and importance, more organizations have been leveraging Vendor Management System (VMS) technology to manage the entire contingent workforce lifecycle. But with VMSs evolving as enablers of total talent intelligence while deepening capabilities around direct sourcing, skills-based hiring, supplier management and talent retention, evaluating the best VMS to partner with can be challenging.

To help organizations understand the current VMS provider landscape, the Everest Group used a proprietary methodology to evaluate 22 VMS solutions and assign them to three categories: Leaders, Major Contenders or Aspirants. Providers were evaluated on categories including:

• Core technology capability
• Value delivered
• Emerging/differentiating capability
• Implementation, UI/UX and support
• And much more

For the third consecutive year, Everest Group designated Magnit a VMS Leader and rated it #1 for “Vision & Capability” in recognition of its innovation and product scope/functionality.

Download the report now for actionable and insightful research you can use to assess your contingent workforce program and evaluate VMS providers.