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VNDLY: Vendor Analysis (Part 3) — In-Depth Solution Overview 

In this third and final part of our Spend Matters PRO Vendor Analysis, we provide a complete VNDLY solution overview, looking at each main module in the VNDLY offering.

Part 1 of the series provided an overview of VNDLY and its solution and what we pointed out as notable solution strengths and qualifications. Part 2 focused on VNDLY’s competitive position in the space as a solution provider, as well as use case conditions where VNDLY would be a good fit.

In this final section of our coverage, we provide a more detailed look at VNDLY's solution.

VNDLY: Vendor Analysis (Part 2) — SWOT, VNDLY Competitors & Market Overview, Tech Selection Tips

In Part 2 of this Spend Matters PRO Vendor Analysis, we'll look at VNDLY’s competitors, examine the market in which they compete and provide a company SWOT assessment.

Over the last five to seven years, the market for technology solutions that enable the sourcing and management of contingent workforce and services has become increasingly active and diverse in terms of new providers/solutions. But for many years, legacy VMS providers anchored in temp staffing ruled the contingent workforce segment, while complex service purchasing was shoe-horned incompletely into source-to-pay/e-procurement solutions.

Technology-driven innovation and changes in both the supply- and demand-sides of the market are calling into question legacy solution footprints and architectures. VNDLY was the first new solution that challenged legacy VMS providers, and other new entrants have appeared on the market. Organizations have begun to assign greater importance to managing their large and growing non-employee workforces (agency temps, other contract workers and those that work for service providers of various kinds). Organizations seemed to be looking for a modern alternative to their legacy VMS solutions, and VNDLY’s entry into the market seems to be well-timed.

In Part 1, we focused on company details, a brief solution overview, and VNDLY solution’s strengths and weaknesses. In our third and final installment, we will provide a more in-depth overview of VNDLY’s platform capabilities.

Let’s now look at VNDLY’s competitors and market/industry position.

VNDLY: Vendor Analysis (Part 1) — Company Background, Solution Details, Strengths and Weaknesses

This Spend Matters PRO Vendor Analysis will provide an overview and analyst insights into VNDLY and its non-employee workforce management platform.

VNDLY was founded in Cincinnati, Ohio, in 2017 by industry outsiders based on their view that enterprise contingent workforce management requirements and expectations were increasing and new technology was available (leaving an opportunity for a new entrant). Today, VNDLY competes directly with VMS providers and serves a growing number of mainly Fortune 500 companies across a range of industries, primarily in North America. The company employs about 150 people and has raised $58 million in private equity since 2017.

Part 1 of this three-part PRO series also will have some company details, a brief solution overview and VNDLY’s solution strengths and weaknesses. In Part 2, we will provide a company SWOT assessment and a look at VNDLY’s competitors and the market. In our third and final installment, we will provide a more in-depth overview of VNDLY’s platform capabilities.

Vndly

As part of the SolutionMap RFI process, Spend Matters continuously solicits customer references to determine a procurement technology provider’s placement on the ranking graphics. This is a Spend Matters curated summary of verified customer feedback for Vndly, a SolutionMap-ranked provider.

Vndly: What Makes It Great (Temp Staffing/VMS SolutionMap Analysis)

Founded in 2017, Vndly is a new entrant in the evolving contingent workforce and services (CW/S) enterprise technology solution market. While new entrants have appeared with solutions to address the emergence of the freelancer or gig economy, not one has gone after the temporary staffing and SOW solution segments, which have been the exclusive domain of what were long referred to as vendor management system (VMS) providers. Vndly intends to challenge top VMS solutions in all three of these spend categories on the basis of its new technology, its reassessment of organizations’ core needs, and its innovative approaches to old and new requirements. Let’s delve into the SolutionMap benchmark to find out where Vndly is great.

“What Makes It Great” is a recurring column that shares insights from each quarterly SolutionMap report for SolutionMap Insider subscribers. Based on both our rigorous evaluation process and customer reference reviews, each brief offers quick facts on the provider, describes where it excels, provides hard data on where it beats the SolutionMap benchmark and concludes with a checklist for ideal customer scenarios in which procurement, finance and supply chain organizations should consider it.