The Contingent Workforce and Services SolutionMap is Born — Have You Greeted It Yet?

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In case you missed it yesterday, Spend Matters launched an entirely new solution area — featuring three distinct solution categories — as part of its Q3 SolutionMap.

For the first time, our analyst team has begun evaluating Contingent Workforce and Services (CW/S) enterprise software vendors, addressing the sourcing and management of Temp Staffing, Contract Services/Statement of Work (SOW) and Independent Contract Workers (ICW), in the context of SolutionMap. Click on each category name above to read a detailed, high-level description of that category and view the persona graphics for free.

“With the contingent labor and services growing so quickly and changing seemingly week to week, Spend Matters is excited to finally offer comparative rankings of software companies in this space,” said Andrew Karpie, our research director of services and labor procurement and lead analyst on the CW/S SolutionMap.

Watch Karpie introduce the CW/S SolutionMap and its three inaugural categories in his own words:

“Given our procurement orientation,” Karpie writes in the Q3 Release Notes for the CW/S SolutionMap, “we evaluate ‘enterprise technology’ vendors within a source-to-pay (S2P) reference model. In other words, we look at vendors in terms of their specifically focused — or more comprehensive — capabilities that address some or all enterprise requirements that arise within a S2P life-cycle (i.e., from supplier sourcing to worker or supplier payment).”

The CW/S SolutionMaps represents Spend Matters’ first deep-dive into the sourcing and management solutions for a specific set of spend categories. Unique to the approach is the breakdown of the homogenous VMS solution category into suite capabilities and standalone solutions that address requirements for management of spend on temporary staffing, contract services/SOW and independent contract workers.

Here’s Why the CW/S SolutionMap Is Important 

The CW/S environment is changing in significant ways, as Karpie notes in the video.

“Organizations’ use of contingent workforce and services” — as opposed to full-time employees — “is increasing and evolving as new sourcing and engagement models are driven by changing economic conditions and are made possible by new technology,” he says. “Established technology solution providers, like VMS providers, and new innovative solution providers, like direct sourcing platforms, are responding to new market opportunities, often taking the lead.”

“In such an environment,” he continues, “organizations need to have ongoing visibility into the evolving solution space and, when they are ready to make solution selections, must have access to up-to-date information on vendor solutions and guidance on what solutions may be most aligned to their needs and plans.”

With a buyer-centric, persona-based approach to comparative rankings and quarterly updates of those rankings, SolutionMap is an ideal set of tools for tracking the rapidly changing CW/S sector.

Which Software Companies Make the List? 

Here are all nine companies that participated in one or more of the three Q3 2018 CW/S SolutionMap categories:

Need More of a Primer on SolutionMap in General? 

To get a sense of all the companies participating in all categories across the Q3 release, how to access comparative rankings for free, and how to subscribe to deep-dive research content, check out our post on the Q3 release here!

Or simply begin your journey here: http://spendmatters.com/solutionmap

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