Discover how the 2018 Solutions rates our Talon Freelancer Management System and what this means for you, when you're looking to select and integrate an FMS into your HR and talent technology stack.
In this guide:
Your choice of FMS is a major factor in implementing a Direct Sourcing Strategy or overcoming the hidden workforce epidemic and the challenges of managing a freelance workforce. It is very important to make an informed choice when selecting a technology to manage your contingent workforce.
"Contingent Workforce Management technology is the most dynamic procurement technology market at the moment," says Spend Matters Research Director of Services and Labor Procurement Andrew Karpie, "with new types of solutions covering increasing types of specialized spend and external labor emerging across the landscape."
Tools like the Spend Matters' SolutionMap help you to make a quick assessment of the main solutions providers and narrow your shortlist of potential vendors.
"We’ve designed SolutionMap to aid the practitioner so they may better understand and analyze the customer experiences, market developments and technological innovation of the myriad solution providers by process competency," said Jason Busch, Founder of Spend Matters and Lead Solution Analyst.
Or visit spendmatters.com/solutionmap
Every organisation has a unique blend of IT capability, complexity of structure, pace, culture, ambition and location. The SolutionMap buying personas reflect this and group organisations into one of three types.
Before reviewing the SolutionMaps, first decide which persona(s) best reflect your organisation.
My organisation: Dynamic, results-focused, limited IT department involvement, risk-tolerant of new approaches and providers; Often decentralized, rapidly growing, and/or middle market.
We need: Speed to value, low pricing; Modern, intuitive, cloud-based software with optional value-added services.
My organisation: Highly sophisticated, rigorous, somewhat complex, risk-tolerant, happy to push limits of tech to create more value.
We need: The most comprehensive, tailorable solution for the job; Best-in-class functionality, breadth, depth and ability to support our sophistication
My organisation: Outcome-focused; TCO approach to implementations; Often risk-averse and skeptical based on previous experiences.
We need: A combination of software capability and supporting services to contractually deliver results and a defensible ROI; Pre-loaded capabilities, content, and know-how.
Below you'll find the Spend Matters' SolutionMap 2018 results.
Providers can be recommended by either achieving Customer Value (horizontal axis) or Solution scoring (vertical axis) that is above the average based on the weighted criteria for each specific persona, which are as follows:
Solution Leaders are recommended providers with above average analyst scores (upper left quadrant).
Customer Leaders are recommended providers with above average customer scores (lower right quadrant).
Value Leaders are providers with both above average analyst and customer scores (upper right quadrant).
Remember: It is recommended to decide which buying persona reflects your organisation before viewing a SolutionMap.
The 2018 SolutionMaps reflect our mission to develop tailored contingent workforce solutions for each of our clients. Every instance of TalonFMS is branded and standalone. This provides you with a number of benefits:
Having the flexibility to adapt to changing business requirements is a major benefit for an organisation using a contingent, on-demand workforce as part of its total talent strategy. Learn how to improve the agility of your business by reducing the time to engage freelancers, consultants and contractors.
Explore the differences between a VMS and an FMS and learn why it is become increasingly important for an organisation to use a dedicated FMS for managing its freelance and contingent workforce.
There are a number of factors to consider when assessing the right pricing model for your freelancer management system. Learn how to select the right one for your organisation with this guide.