3 Story Software (3SS) has been acknowledged as a 'Major Contender' in the Everest Group's Global 2024 Vendor Management System (VMS) PEAK Matrix® Assessment, marking a significant milestone in the contingent workforce management industry. This recognition is a testament to 3SS's enhanced capabilities and growing influence in providing solutions for managing contingent and external workforces, especially during times of economic instability and inflation.
The Everest Group's PEAK Matrix® Assessment is a thorough evaluation of 22 VMS providers, focusing on their market impact, vision, and capability. This assessment is a vital resource for industry buyers, offering a detailed overview of the competitive landscape to facilitate informed decision-making regarding service providers. The framework assesses providers based on market impact, including market adoption and value delivered to clients, and vision and capability, covering strategy, innovation, and support.
John Moore, Director of Client Solutions for 3 Story Software, highlighted the critical need for visibility and access to contingent labor spend in the current economic climate. 3SS's SaaS application is designed to meet these needs, offering a comprehensive solution for managing indirect labor across various locations and countries. The company's adaptability and commitment to innovation have been key factors in its strong performance in the PEAK Matrix® Assessment.
Joseph Marsh, Senior Vice President of 3 Story Software, reiterated the company's focus on delivering enterprise-class solutions and innovation. With operations in over 30 countries and managing $2.9 billion in annual spend, 3SS's Vendor Management System and Extended Workforce Management System stand out for their configurability and scalability, addressing the diverse needs of different industries.
The recognition by Everest Group not only underscores 3 Story Software's rising prominence in the VMS market but also emphasizes the growing significance of effective contingent workforce management solutions. As businesses increasingly adopt flexible workforce models, the demand for tools that ensure visibility, control, and efficiency in labor management is on the rise. The Everest Group's VMS PEAK Matrix® Assessment, including insights into 3SS's capabilities, serves as a valuable guide for companies aiming to optimize their contingent workforce strategies.
