Utmost’s Extended Workforce System: What’s Behind It, What Is It and What Does It Mean for Enterprises? [PRO]

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It is important for enterprises to have a handle on the whole of their contingent (or extended) workforce. Not just temporary workers supplied by staffing firms, but also workers that are engaged through service providers (ranging from building maintenance companies to management consulting firms and BPOs ). And then there are the independent and freelancer workers of all kinds, however they are classified.

A new workforce technology start-up, Utmost, thinks it’s very important to enterprises — and workers too. The company recently announced the launch of its core platform, Utmost Extended Workforce System, and an $11 million series A round led by Greylock Partners and a partnership with Workday Ventures. The company, with offices in San Francisco and Dublin, was founded by two former Workday executives and a former Groupon technologist.

With respect to where there is a critical gap in the solution marketplace, the co-founder and CEO of Utmost, Annrai O’Toole, said in a recent announcement: “With hundreds of millions of extended workers engaged with companies today, there is an undeniable shift happening, yet it is clear that businesses need new, seamless solutions to transparently manage this population.”

Greylock partner Sarah Guo offered a starker assessment of the gap in the market: “Companies in every sector engage with an extended workforce, but the rigid and clunky systems used to manage that workforce are stuck in the past. Utmost is a cloud solution for the modern, flexible enterprise, and offers a worker-centric approach to manage this population that enterprises previously lacked.”

To be clear, Utmost is building an advanced open-technology platform that will be valued by enterprises right out of the gate. But, just as important (if not more so), the company is also taking a “worker-centric” approach, starting with easy-to-use mobile apps and efficient engagement workflows for external workers (and it is also working on delivering a set of enabling services to these often severely underserved workers).

In this PRO brief, Spend Matters examines the conditions that are creating a demand for a solution like Utmost Extended Workforce, provides an explanation of the solution and looks at what it means for enterprises.

Afternoon Coffee: One CFO in (Field Nation), one CFO out (U.S. Steel); IBM looks to smarten supply chains; China trade talks resume today

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Top U.S. and Chinese negotiators are set to meet today for the first time since late July to try to work out a path forward from a 15-month trade war between the two nations. Jason Woods has been named CFO of Field Nation, a provider of workforce management solutions, after having served in that role recently for SAP Concur. A new product, IBM Sterling Supply Chain Suite, tries to take out the complexity from global supply chains and make them smarter and more efficient. And U.S. Steel's CFO is resigning, amidst the company getting set to bring in a new operating model to cut costs. Afternoon Coffee: your source for procurement and supply chain news.

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