NEWS AND INSIGHTS
A new report from Everest Group features VNDLY, a Workday company, in the top category of the vendor management system (VMS) space for the second year in a row.
At VNDLY, a Workday company, we’re committed to delivering the best possible product to help our customers manage their nonemployee workers. As such, we’re pleased to share that we’ve been named a Leader and Star Performer in global research firm Everest Group’s “Vendor Management System PEAK Matrix® Assessment With Technology Vendor Landscape 2022” report.
“VNDLY continues to build a strong reputation and a niche for itself in the increasingly competitive VMS market,” said Krishna Charan, practice director at Everest Group. “Its existing capabilities and forward-looking vision, which are now backed by Workday, in terms of its digital investments, advanced UI/UX, strategic partnerships, and functionality enhancements to address critical client pain points have contributed to position the firm as a Leader and Star Performer on Everest Group’s Vendor Management System Products PEAK Matrix® Assessment 2022.”
Leading the Pack in Vendor Management System Capabilities
Everest Group’s report categorized 21 vendor management system (VMS) technology vendors based on its proprietary PEAK Matrix® framework, which evaluates providers’ capabilities across two critical dimensions—market impact and vision and capability. After being named a Leader in the 2021 assessment, VNDLY returned to the top category this year alongside four other companies. Of the remaining vendors, 13 were assigned to the Major Contenders designation and four were named Aspirants.
VNDLY’s Leader placement was driven by strong performances in both assessment categories.
Market impact was evaluated based on three markers: market adoption, portfolio mix, and value delivered. VNDLY received a high score in the category, with Everest Group specifically calling out:
- Double-digit growth in spend under management (SUM) and new clients in 2021.
- Improved geographic diversification, particularly in Europe, the Middle East, and Africa (EMEA).
- Client portfolio advancement across a number of industries, including government and public sector as well as professional services.
Vision and Capabilities
The vision and capabilities category considered each vendor’s ability to deliver products successfully, based on five key subdimensions: vision and strategy; core technology capability; emerging/differentiating capability; implementation, UI/UX, and support; and engagement and commercial model. In this area, Everest Group scored VNDLY even higher, emphasizing our:
- Strengthened provisioning capabilities, created by deepening integrations with Workday and other suites.
- Major improvements in payment and billing functionalities.
- New integrations with third-party direct sourcing platforms.
Standing Out as a Star Performer
For the first time, Everest Group additionally identified Star Performers—a category that recognizes improvement on the PEAK Matrix® over time. VNDLY was one of six vendors chosen for this category.
“VNDLY’s Leader and Star Performer designations are external validation of the incredible hard work and progress we’ve seen from our team over the last year,” said Shashank Saxena, general manager at VNDLY, a Workday company. “Our goal has always been to lead in our industry by building a company based on a friendly relationship between the vendor and customer. Our recent acquisition by Workday has fueled that desire and our ability to meet it, while providing the investment to expedite our global roadmap. We are grateful to Everest Group for this recognition and inspired to continue to deliver our best every day for our customers.”
Interested in learning more? Read the full “Vendor Management System (VMS) PEAK Matrix® Assessment With Technology Vendor Landscape 2022” assessment, and discover more about VNDLY, a Workday company.