Workday VNDLY: Top VMS Leader in Everest Group’s 2025 PEAK Matrix®

Workday VNDLY Achieves Top Ranking in Vendor Management Systems, Cementing Leadership in Total Workforce Management

June 12, 2024 – Workday VNDLY, a leading vendor management systems (VMS) solution, has been recognized as a Leader and Star Performer in Everest Group’s Vendor Management Systems (VMS) PEAK matrix® Assessment for 2025. This marks the fifth consecutive year that Workday VNDLY has received this prestigious acknowledgement, underscoring its commitment to innovation and excellence in the ever-evolving landscape of workforce management.

Strategic Advantage in a Dynamic Work Landscape

In today’s rapidly transforming work environment, fueled by advancements in artificial intelligence (AI), organizations are increasingly recognizing the critical importance of a flexible, agile, and contingent workforce. These are essential to meet fluctuating business demands. Workday VNDLY empowers organizations to strategically source, manage, and optimize external talent, providing a true competitive edge.

When Workday VNDLY is connected with Workday Human Capital Management (HCM), companies gain a holistic view of their entire workforce, including both employees and contingent workers. This unified viewpoint enables smarter talent and spending decisions, fostering a comprehensive total workforce management strategy. According to a recent report by Deloitte, organizations with integrated talent management systems are 31% more likely to see improvements in employee performance.

AI-Powered Innovation: The Contingent Sourcing Agent

Workday recently unveiled its innovative Contingent Sourcing Agent, a powerful tool that combines the capabilities of Workday VNDLY and HiredScore AI. This intelligent agent streamlines the process of hiring temporary staff by leveraging agentic AI to quickly identify available candidates, simplify screening procedures, and enhance the quality of applicants. This ensures businesses can rapidly adapt to changing needs and maintain operational efficiency.

Pro Tip: Implementing AI-driven solutions like the Contingent Sourcing Agent can significantly reduce time-to-hire, improve candidate quality, and optimize recruitment costs.

Customer Success and Industry Recognition

Jennifer Torney, Global Vice President at tapfin, emphasizes the importance of Workday VNDLY in managing their non-employee workforce and maintaining business agility. “Our customers rely on us to manage their non-employee workforce and help them maintain business agility in a constantly changing market,” said Torney. “workday VNDLY provides a robust, global platform we need to streamline operations, optimize external talent, and ultimately deliver superior contingent workforce management services to our customers.”

Mariana Santiago,General Manager at Workday VNDLY,highlights the challenges companies face in today’s evolving workforce landscape. “Companies today are navigating a range of challenges, notably the need to adapt to a rapidly evolving workforce landscape shaped by AI,” said Santiago.”Workday VNDLY helps organizations manage their extended workforce and complex talent networks with remarkable speed and AI-powered insights,empowering businesses to evolve their total workforce strategy.”

Key Advantages of Workday VNDLY

Workday VNDLY offers several key advantages that enhance extended workforce management.

• unified Workforce View: Connecting Workday VNDLY with Workday HCM provides a comprehensive view of the total workforce, leading to optimized spending, enhanced visibility, and data-driven decision-making.
• Enhanced Control and User Adoption: Self-serve configuration and an intuitive user interface simplify daily tasks, promote agility, and boost user adoption by providing greater control over program changes.
• Continuous Innovation: frequent, high-impact releases ensure unparalleled innovation, continuously delivering on evolving requirements and keeping organizations at the forefront of workforce management practices.

Did You Know? According to recent studies,companies that actively manage their contingent workforce can achieve cost savings of up to 20% and improve overall workforce productivity by 15%.

Everest Group’s Perspective

Krishna Charan, Vice President at Everest Group, notes the strengthening total workforce value proposition of Workday VNDLY. “Workday VNDLY is strengthening its total workforce value proposition through rapid innovation and deeper connections with the wider Workday ecosystem, propelling it to Leader and Star Performer status in Everest Group’s 2025 VMS PEAK Matrix®,” says charan. “With its global reach, localized user experiences, and comprehensive ecosystem partnerships, Workday VNDLY effectively supports diverse, end-to-end workforce needs for organizations of all sizes around the globe.”

Workday VNDLY vs Conventional VMS Solutions

Feature	Workday VNDLY	Traditional VMS Solutions
Integration with HCM	Seamless integration with Workday HCM	Limited or no integration
AI Capabilities	Advanced AI for sourcing and screening	Basic or no AI capabilities
User Interface	Intuitive and user-pleasant	Often complex and outdated
Global Reach	Global support and localized experiences	Limited global capabilities
Innovation	frequent, high-impact releases	Infrequent updates

The Future of Vendor Management Systems

the vendor management system landscape is continually evolving, driven by advancements in technology and changing workforce dynamics. As organizations increasingly rely on contingent workers,the need for robust and integrated VMS solutions like Workday VNDLY becomes even more critical.

Looking ahead, the key trends shaping the future of VMS include:

• Increased AI Adoption: AI will play an increasingly meaningful role in automating tasks, improving decision-making, and enhancing the overall efficiency of VMS.
• Focus on Total Workforce Management: Organizations will seek VMS solutions that can seamlessly integrate with their HCM systems to provide a holistic view of their entire workforce.
• Emphasis on User Experiance: VMS providers will prioritize user-friendly interfaces and self-service capabilities to drive user adoption and improve overall satisfaction.
• Globalization and Localization: VMS solutions will need to support global operations and provide localized experiences to meet the diverse needs of organizations around the world.

Frequently Asked Questions About Workday VNDLY

• What is Workday VNDLY and how does it differ from other VMS solutions?

Workday VNDLY is a comprehensive Vendor Management System (VMS) designed to strategically manage and optimize external talent. It stands out due to its seamless integration with Workday HCM, enhanced AI capabilities, and a user-friendly interface, offering superior total workforce management compared to traditional VMS solutions.

• How does Workday VNDLY help in managing contingent workers effectively?

Workday VNDLY enables organizations to strategically source, manage, and optimize external talent, ensuring compliance, reducing costs, and enhancing efficiency in the management of contingent workers.

• What are the benefits of connecting Workday VNDLY with Workday HCM?

Connecting Workday VNDLY with Workday HCM provides a unified view of the entire workforce, enabling better talent and spending decisions. This integration allows for optimized workforce management strategies and improved overall organizational performance.

• Can Workday VNDLY help in reducing the time-to-hire for temporary staff?

Yes, Workday’s Contingent Sourcing Agent, powered by Workday VNDLY and HiredScore AI, accelerates the hiring process for temporary staff. It quickly identifies available candidates, simplifies screening, and enhances the quality of applicants, reducing time-to-hire significantly.

• How frequently enough does Workday VNDLY release updates and new features?

workday VNDLY is known for its frequent, high-impact releases, continuously delivering on evolving requirements, ensuring users always have access to the latest innovations and improvements.

• What makes Workday VNDLY a Leader and Star Performer in Everest Group’s VMS PEAK Matrix®?

Workday VNDLY earned this recognition due to its rapid innovation, seamless connection with the Workday ecosystem, global reach, user-friendly experience, and comprehensive partnerships, effectively supporting diverse workforce needs.

What are your thoughts on AI’s role in vendor management? How has your organization adapted to the changing workforce landscape? Share your experiences and insights in the comments below!

What are the key differentiators that set Workday VNDLY apart from competing Vendor Management Systems (VMS) solutions, considering the Everest Group PEAK Matrix® evaluation criteria?

Workday VNDLY: Reigning Champion in the 2025 Everest Group PEAK Matrix® for Vendor Management Systems

As a leading provider of cloud-based financial management, human capital management (HCM), and planning solutions, Workday continues to solidify its position in the vendor management landscape.In this article, we delve into the significance of Workday VNDLY’s leadership position in the 2025 Everest Group PEAK Matrix® for Vendor Management Systems (VMS). We will examine the key differentiators that contribute to its success, its capabilities, and how it is transforming how organizations manage contingent workforce and services procurement.

Understanding the Everest Group PEAK Matrix® and Its Importance

The everest Group PEAK Matrix® is a respected industry assessment that evaluates technology vendors based on their market impact and vision & capability. Being recognized as a Leader in this assessment is a notable achievement, demonstrating a vendor’s ability to deliver value, innovation, and a strong understanding of market trends. This report provides a thorough, data-driven assessment of different VMS providers, making it a valuable resource for organizations seeking to improve their Vendor Management programs.

Key Criteria for Evaluation

Everest Group’s evaluation assesses vendors across several key dimensions:

• Market Impact: Including market adoption, portfolio mix, and value delivered.
• Vision and Capability: Assessing strategy,innovation,solution versatility,and service delivery.
• Functionality and Features: Addressing Core VMS functions such as sourcing, onboarding, time tracking, and payment processing.

Why Workday VNDLY Shines in the VMS Market

workday VNDLY, acquired in early 2021, has rapidly established itself as a top contender in the VMS market.Combining it with the current financial and HR platforms, it provides a complete visibility and process.

Core Strengths of Workday VNDLY

Workday VNDLY distinguishes itself through several key advantages:

• Unified Platform: Integrates vendor management with HCM and financial management.

• Complete Visibility: Provides a comprehensive view of contingent workforce spend, compliance, and performance.

• User-Pleasant Interfaces: Designed for ease of use, enhancing adoption and improving process efficiency.

• Advanced Analytics: robust reporting and analytics capabilities that provide actionable insights.

• Strategic Alignment: Focused on helping organizations align with their business process and procurement objectives.

Real-World Benefits of using Workday VNDLY

Organizations that implement Workday VNDLY experience a range of benefits:

Improved Cost Savings and Efficiency

With Workday VNDLY, companies can achieve significant cost savings by improving their procurement strategies and contingent workforce management.Automation further drives efficiency, simplifying workflows and decreasing administrative overhead.

Enhanced Compliance and Risk Management

The platform facilitates compliance with vendor management regulations and helps mitigates supplier-related risks. This includes managing vendor insurance, background checks, and other compliance requirements.

Increased Visibility and Control

Workday VNDLY presents a unified view of contingent labor and third-party spend. This visibility allows organizations to make enhanced, fact-based procurement decisions, controlling how and where they invest in third-party labor.

Streamlined Vendor Onboarding and Management

The system simplifies the onboarding and ongoing management of vendors. This reduces administrative burdens and saves time,improving the overall efficiency of vendor relationships.

Practical Tips for Maximizing Workday VNDLY

To reap the full benefits of Workday VNDLY, consider thes tips:

• Comprehensive Implementation Plan: devise a well-defined implementation roadmap that includes data migration, system integration, and training for users.
• User Training: Offer complete training to all users to ensure they fully know how to utilize all of the available features and can obtain maximum value.
• Data-Driven Decision Making: Leverage the advanced analytics to make data-driven decisions around vendor selection and negotiation.
• Consistent Dialog: Keep open lines of communication with your vendors to foster strong relationships.
• Regular Audits: Conduct regular audits to optimize vendor compliance and performance.

Workday VNDLY vs. the Competition: Key Differentiators

Workday VNDLY stands out from competitors with its strategic integration, its advanced analytics, and focus on user experience. It not only has a good suite of features but also prioritizes the ease-of-use and strong performance. Workday’s commitment to innovation and product enhancements ensures it remains a top choice in the VMS market.

Key Differentiators

Feature	Workday VNDLY	Competitors
HCM Integration	Seamless integration due to it being part of the Workday ecosystem	Variable; may require complex integrations.
Analytics	Comprehensive, real-time, actionable insights.	Often more basic or requires additional modules.
User Experience	Intuitive and user-friendly design.	Can be less intuitive.

Keywords: Workday VNDLY, Vendor Management Systems, VMS, Everest Group PEAK Matrix, contingent workforce management, vendor management software, procurement solutions, vendor compliance, contingent labor, HCM, HR tech, Workday.