3 Story Software (3SS) has achieved recognition 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 accolade reflects 3SS's enhanced capabilities and growing influence in providing solutions for managing contingent and external workforces, a critical need in today's volatile economic climate.
The Everest Group's assessment, a thorough evaluation of 22 VMS providers, focuses on market impact, vision, and capability, serving as an essential guide for industry buyers. It aids in navigating the competitive landscape and making informed decisions regarding service providers. 3SS's recognition is particularly noteworthy given the current global staffing industry contraction, driven by economic instability and inflation.
John Moore, Director of Client Solutions at 3SS, highlighted the importance of visibility and access to contingent labor spend during these challenging times. The company's SaaS application is designed to manage all indirect labor needs, offering a solution that is both scalable and configurable across various industries. With operations in over 30 countries and management of $2.9 billion in annual spend, 3SS's commitment to innovation and enterprise-class solutions is evident.
Joseph Marsh, Senior Vice President of 3SS, reiterated the company's dedication to developing solutions that address the unique needs of managing different types of contingent labor. This commitment, combined with 17+ years of market experience, has positioned 3SS as a leader in the VMS market.
The recognition by Everest Group not only underscores 3SS's growing influence but also the increasing importance of effective contingent workforce management solutions. As businesses increasingly adopt flexible workforce models, tools like those offered by 3SS are vital for ensuring visibility, control, and efficiency in labor management. The Everest Group's VMS PEAK Matrix® Assessment, including insights into 3SS's capabilities, is a valuable resource for businesses aiming to optimize their contingent workforce strategies.
