3 Story Software Recognized as 'Major Contender' in Everest Group's 2024 VMS PEAK Matrix® Assessment

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 reflects 3SS's expanding influence and its ability to deliver comprehensive solutions for managing contingent and external workforces effectively.

The Everest Group's assessment is a thorough analysis of 22 VMS providers, evaluating their market impact, vision, and capabilities. It serves as an essential tool for industry buyers, offering a detailed overview of the competitive landscape to facilitate informed decision-making regarding service providers. The PEAK Matrix® framework focuses on two primary dimensions: market impact, which includes market adoption and value delivered to clients, and vision and capability, which assesses strategy, innovation, and support.

John Moore, Director of Client Solutions at 3 Story Software, highlighted the critical need for visibility and access to contingent labor spend, especially in times of economic instability and inflation. The company's SaaS application is designed to meet these needs, offering a scalable and configurable solution for managing indirect labor across various industries and geographies.

Joseph Marsh, Senior Vice President of 3 Story Software, emphasized the company's commitment to innovation and providing enterprise-class solutions. With operations in over 30 countries and managing $2.9 billion in annual spend, 3SS has demonstrated its capability to adapt to market dynamics and respond to the evolving needs of its Managed Service Provider (MSP) partners.

The recognition of 3 Story Software by Everest Group not only underscores its growing influence in the VMS market but also the increasing importance of effective contingent workforce management solutions. As businesses increasingly rely on flexible workforce models, the demand for tools that offer visibility, control, and efficiency in labor management is on the rise. The Everest Group's VMS PEAK Matrix® Assessment, including insights into 3SS's positioning, is a valuable resource for businesses aiming to optimize their contingent workforce strategies.

This acknowledgment of 3 Story Software as a 'Major Contender' in the VMS space signals its potential to influence the future of workforce management technologies and practices, catering to the dynamic needs of global business operations.