PRO Unlimited Receives High Scores in SIA's Latest VMS Global Landscape and Differentiators Report
POSTED BY PRO UNLIMITED | APRIL 7TH, 2022
We are excited to announce that we earned high ratings in Staffing Industry Analysts’ (SIA) latest “Vendor Management System (VMS) Global Landscape and Differentiators” report. PRO was evaluated against 14 other VMS providers and recognized for its overall solution strength and positive client feedback. The assessments in the SIA report are considered the standard of excellence within the industry.
As the size, complexity and importance of the contingent workforce continues to grow rapidly, the effective management of these workers is becoming increasingly strategic to organizations and VMS solutions are becoming more critical. According to SIA, the global VMS market reached $178 billion spend under management in 2020. In addition, 70% of new VMS contracts in 2020 were awarded by buyers or programs that did not previously have a solution in place, indicating that more organizations are recognizing the value of VMS solutions.
For its report, SIA assessed each provider across six categories based on a five-level scoring scale, ranging from “Not Available” (no evidence of functionality or roadmap) to “Best Imaginable/Fully Configurable” (enhanced functionality and adoption). Each VMS provider was rated on a combination of self-assessment and SIA analyst validation across a variety of criteria. A customer survey was also issued as part of the overall evaluation, in which we were highlighted for our platform stability, consistency of user experience across platforms, integration quality and simplicity, delivery of non-standard requests and more.
Here is what our CEO, Kevin Akeroyd, had to say regarding the report:
“We’re thrilled to be recognized by Staffing Industry Analysts for the strength of our VMS, which is a foundational component of our Integrated Workforce Management platform. Our performance in their report is a testament of our team’s dedication to building the most robust and flexible technology system for global organizations to strategically manage all aspects of the evolving contingent workforce segment. We are deeply committed to innovation and will continue to enhance our award-winning solutions and form strategic partnerships to meet current and future client needs.”
In the SIA report, PRO received the “Best Imaginable/Fully Configurable” designation across the following categories:
- - Time, Expenses, and Invoicing
- - SOW
- - Direct Sourcing
- - Reporting and Analytics
- - User Experience
Our investments in data and analytics were highlighted in the report, including our acquisitions of Workforce Logiq and the workforce rate benchmarking and analytics platform, PeopleTicker, and our strategic partnership with the advanced analytics and talent intelligence provider Eightfold AI. PRO’s investments in direct sourcing were also noted, including our acquisition of WillHire, which will enable direct sourcing of light industrial workers among other capabilities.
In the category of Direct Sourcing, PRO achieved top “Best Imaginable/Fully Configurable” ratings across multiple service capabilities, including its ability to:
- - Automatically recommend candidates based on information in the requisition
- - Parse candidate CV/social information into a profile
- - Create private talent pools within the VMS
- - Deliver AI-powered candidate matching, and more
We were also rated highly on all Reporting and Analytics category criteria, including our:
- - Decision support using both external and internal data
- - Business intelligence tool built into the application
- - Rate and tenure trend reporting for forecasting
- - Ability to source and present data on availability of all worker types, reducing requirements for external reporting, and more
Learn more about PRO's Wand® VMS.
If you're interested in learning more about how PRO is helping organizations implement winning contingent workforce programs globally, please contact a PRO representative at 800.291.1099 or email at firstname.lastname@example.org.
Disclaimer: The content in this blog post is for informational purposes only and cannot be construed as specific legal advice or as a substitute for legal advice. The blog post reflects the opinion of PRO Unlimited and is not to be construed as legal solutions and positions. Contact an attorney for specific advice and guidance for specific issues or questions.