Fieldglass, Inc., the leading technology provider to procure and manage contingent labor and services, leads the industry in annual flexible workforce spend under management and global scope, according to Staffing Industry Analysts (SIA) 2012 VMS and MSP Competitive Landscape Report. The full report is available via Fieldglass for a limited time here.
VMS Spend Leader for Fourth Consecutive Year
SIA reported Fieldglass’ overall spend under management in 2011 was $21.5 billion, accounting for more than 20 percent of the total market VMS spend. Fieldglass ranked highest in both temporary/contract labor and Statement of Work (SOW) annual spend, with $13.6 billion and $6 billion, respectively.
The SIA report revealed a sizeable uptick in the inclusion of SOW spend under VMS management, growing by 20-30 percent in 2011. Fieldglass’ SOW growth outpaced this trend due to significant client adoption, including the implementation of the industry’s largest SOW program of nearly 13,000 workers.
“The research uncovered an increasing need for VMS providers to perform to higher standards and meet more complex requirements, driven by the increasingly mature management of flexible labor,” said Sean Chou, CTO, Fieldglass. “This trend is reflected in the work our development team has put into our technology, including significant advancements to help manage SOW services.”
Widest Global Presence
According to the SIA report, Fieldglass has more customers than any VMS provider in four regions: US/Canada, Latin America, Asia-Pacific and Middle East/Africa. In addition, the company has deployed more than double the number of customer programs from its nearest competitor in several countries, including Australia, Belgium, Germany and Ireland. These programs span a wide range of sizes, levels of complexity and unique region-specific needs.
A total of 25 VMS suppliers provided information for the report, representing $91.9 billion in annual spend. Now in its seventh year, SIA’s Landscape Report is the industry’s most comprehensive research on the services procurement industry.
ABOUT FIELDGLASS, INC.
Fieldglass is the largest Vendor Management System (VMS) provider. Its innovative Software-as-a-Service (SaaS) solutions allow organizations to better procure and manage their flexible workforces, including contingent labor, services arranged through Statements of Work, independent contractors and specialized talent pools. Using Fieldglass’ technology and value-added consulting services, global companies establish and sustain strategic, results-oriented contingent workforce and services procurement programs, year after year.
Fieldglass is the current VMS market leader in global labor spend and holds the industry’s highest customer satisfaction rating two years running, according to Staffing Industry Analysts. The world’s leading companies, including GlaxoSmithKline, Johnson & Johnson, Monsanto, Rio Tinto and Salesforce.com, rely on Fieldglass to gain visibility into complex services spend, improve worker quality, enforce both corporate and external compliance and realize greater contingent workforce program efficiencies. For more information, visit www.fieldglass.com.