Workday VNDLY Named a Leader and Star Performer in Everest Group’s Vendor Management System (VMS) PEAK Matrix® Assessment 2025

The 2025 VMS PEAK Matrix® report from Everest Group spotlights the latest innovations and AI advancements for vendor management systems.

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We’re pleased to share that the Workday VNDLY vendor management system (VMS) has been named a Leader for the fifth consecutive year in Everest Group’s Vendor Management System (VMS) PEAK Matrix® Assessment 2025—a data-driven evaluation of today’s top VMS platforms. We also received Star Performer recognitions in the Global and EMEA components of the assessment. 

The placement of Workday VNDLY in this year’s report is a result of our ongoing commitment to our product innovation and future vision as we set the standard for building the future of work and for helping companies move forever forward.

Assessing Today’s VMS Market

With contingent worker and statement of work (SOW) engagements on the rise, a VMS is quickly becoming a must-have in a company's total workforce technology ecosystem. An increasing number of organizations are investing in VMS technology to help optimize vendor relationships, improve program governance, enhance financial controls, and support evolving talent strategies.

The placement of Workday VNDLY in this year’s report is a result of our ongoing commitment to our product innovation and future vision.

As vendor management systems continue to innovate, simplify processes, and introduce AI capabilities, Everest Group’s VMS PEAK Matrix® Assessment is a key resource that puts the latest VMS market trends into perspective and offers insights into technology providers in the space.

To help businesses navigate the VMS landscape, the report identifies key providers and evaluates them based on current capabilities, strategic vision, and customer perspectives. The report not only spotlights the current state of the market, but also forecasts future trends to ensure buyers stay one step ahead. 

Leading in Our Industry

At Workday, we understand the critical need for a VMS that not only excels today, but also scales and adapts for the future. In this year’s report, Everest Group recognized our commitment to innovation and customer satisfaction—and how these areas are driving our ability to help users manage the demands of a global contingent workforce, while offering the flexibility to evolve with growth. 

For instance, Workday VNDLY is a key component in Workday’s ability to deliver a true total workforce management solution. By enhancing connectivity between Workday VNDLY, Workday Human Capital Management (HCM), and other Workday products, we play a critical role in supporting organizations on their journey toward a unified workforce and talent strategy. 

As our Leader placement in Everest’s report confirms, we’ve built a VMS that can adjust with a global contingent workforce program as it scales, and we are poised to adapt to a changing workforce landscape that is becoming more AI-driven. As work evolves and innovation moves at pace, we’re dedicated to being a trusted partner, working collaboratively with customers to provide cutting-edge technology and offer the support global organizations need.

As our Leader placement confirms, we’ve built a VMS that can adjust with a global contingent workforce program as it scales, and we are poised to adapt to a changing workforce landscape that is becoming more AI-driven.

Charting a Path Forward 

As we continue to be recognized as forward thinkers in the VMS space, we are committed to ensuring our product enhancements and new feature releases are driven by the direct needs of our customers. The Everest Group’s PEAK Matrix® assessment recognizes our continuous focus on improvement and innovation—and the results. These investments have resulted in Workday VNDLY’s continued recognition in the report, related to both market impact alongside our vision and capabilities. 

As the workforce continues to evolve across industries, we remain on track to exceed customer expectations and the industry at large, providing our users with the best-in-class experience they have come to expect from Workday VNDLY.

Read the full “Vendor Management System (VMS) PEAK Matrix® Assessment 2025” report to learn more.