VectorVMS Recognized as a Major Contender in Everest Group’s VMS PEAK Matrix® Assessment 2024

RALEIGH, NC—May 24, 2024—VectorVMS, a prominent provider of vendor management solutions to support contingent staffing, proudly announces its inclusion as a Major Contender in the latest Everest Group report, ‘Vendor Management System (VMS) PEAK Matrix® Assessment 2024.’ This recognition underscores VectorVMS’s continuing commitment to excellence and innovation within the contingent workforce management industry.

Everest Group, a leading research firm with expertise across various industries, evaluated VectorVMS alongside other VMS providers. The evaluation assigned each vendor one of three titles (Aspirant, Major Contender, or Leader) across three regions: Global, North America, and EMEA (Europe, the Middle East, and Africa).

To conduct the evaluation, Everest Group utilized its PEAK Matrix® model, which consists of two key axes (criteria):

• Market impact, which measures the impact a VMS has on the market through its adoption rate, portfolio mix, and value delivered.
• Vision and capability, which assesses a VMS provider’s ability to deliver products successfully based on its vision and strategy, technology capabilities, flexibility, ease of deployment, engagement and commercial model, and support.

Following the evaluation, VectorVMS achieved the distinction of Major Contender in both the Global and North American regions, with its strongest performance in the “Vision and capability” criteria.

Said Taylor Ramchandani, VP of Strategy at VectorVMS: “At VectorVMS, we’re passionate about transforming contingent workforce management. This recognition from Everest Group affirms our dedication to providing top-notch solutions and supporting our clients’ success. We’re truly honored by this acknowledgment and remain committed to driving innovation in our industry.”

For further information regarding VectorVMS’s offerings and platform capabilities, please contact us or request a demo.