Spend Matters 50/50: MBO Partners – A Provider to Watch in 2015

100 companies - 100 days

We announced here and here our two (not ranked) lists: Spend Matters 50 To Know and 50 To Watch firms for 2015/2016. In the first case, this is our view of the 50 solution provider type organisations in the procurement industry that every senior procurement leader should be aware of and understand. The 50 To Watch are the up-and-coming firms  - those with interesting and relatively new solutions for our market. The 50 To Know are the key organisations in our industry that procurement executives need to have on their radar.

Having announced the lists, our US colleagues are now featuring each of the 100 firms in turn with an article giving an overview of each, with some headline Spend Matters thoughts on them. So on this site we will be giving you a brief extract of the US article, plus adding our own comments where we have anything useful to add from a European perspective. Sometimes we do, sometimes we don’t!

Here is what our US colleagues had to say about MBO Partners:

MBO is much more than an independent contractor (IC) management services business, a category in which it is considered to be the largest in the US, based on annual spend. MBO is also viewed as a freelancer management system (FMS) ... From MBO’s perspective, value creation starts with serving a very specific and growing population of workers: highly skilled professionals who prefer to work as independents rather than as an employee at a single company.

Accordingly, it provides a whole range of services for independent professionals, which, also creates value for the businesses that engage these workers. MBO provides complete visibility, including independent worker utilization and cost and rate transparency, into a segment of contingent workforce that typically remains unilluminated ... differentiating itself from other traditional IC service providers, continues to make large investments in its end-to-end IT platform backbone ...

You can read more about what our US colleagues have to say on MBO Partners here, whilst in Europe this is one of our choices that frankly, we have not really dealt with on this side of the Atlantic. Looking at their website, it contains some very interesting and useful articles for contractors and hiring side managers, but the focus appears to be totally on the US market. So all the tax advice is relevant to that market, for instance, but the articles that are more general are worth reading anyway.

So not one for us in Europe at the moment - but could MBO expand into different markets? Maybe that is a question we will ask them for next year!

 

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