21 Aug The Disruption of Vendor Management Systems: A Conversation with Ardent Partners
Vendor Management Systems (VMS) have long been anchored in their original purpose – streamlining basic procurement processes. Not without some criticism, legacy VMS solutions have struggled to keep up with the complexities of a dynamic global workforce. Today, as interest in the extended workforce surges, VMS solution providers are under pressure to adapt and cater to the sophisticated needs of organizations and talent worldwide.
Where do you go to find the best Vendor management System equipped for a tech–fluid future?
The time for change is now. How do you know your VMS can deliver tailored user experiences and increased efficiency while keeping pace with cutting-edge technologies like AI?
Ardent Partners is the leading research and advisory firm focused on procurement, supply management, financial operations, and the contingent workforce. Ardent Partners’ Technology Advisor Reports are essential for organizations undertaking automation and transformation initiatives in procurement, finance, and HR. These reports outline key factors necessary for effectively evaluating and selecting solutions, helping enterprise teams make informed decisions when choosing their core technologies.
Ardent partners evaluate the VMS landscape using rigorous standards to grade solutions to present only the most powerful VMS choices for selection. The Ardent 2024 VMS Technology Advisor Report uses a multimodal research process that leverages qualitative, quantitative, and deep market knowledge by contingent workforce experts to present workforce leaders with only top choices to consider.
Flextrack’s placement as a market leader in the report cements the organization’s standing as a solution provider dedicated to continuous growth and future-proofing clients with the latest technology available to face modern challenges.
Discover previous event highlights:
As markets change and grow, capabilities like on-platform AI and Advanced Analytics power a new type of VMS for a new type of future
An explosion of interest in the extended workforce is challenging legacy VMS solution providers to keep up with the complexities of a more demanding, sophisticated global workforce, but what should that new space look like?
What should workforce leaders and practitioners expect from a VMS for superior experiences, improved efficiency, and solutions that can keep up with emerging technologies?
AI has emerged as a critical enabler in transforming the extended workforce and the way solutions are ranked. While legacy VMS solutions have struggled with these modern demands, VMSs which leverage AI and on-platform analytics are beginning to be seen as a revolutionizing force in the way organizations find and engage with their contingent talent.
Predictive and generative AI capabilities in a VMS enhance decision-making, optimize workforce management, vastly enhance user experience and on-platform retention, and provide deeper insights, ultimately leading to a more agile and responsive VMS that can adapt to the ever-evolving needs of the future of work. The result is an agile solution that is not just easy to use and offers superior integration capabilities but focuses on data security and compliance.
Join Ardent Partners’ Senior Vice President of Research Chris Dwyer and Fextrack’s Managing Director of Customer Strategy and Value, Jeff Mike on September 12th to take part in a deeper conversation on the Disruption of Vendor Management Systems.
