December 05, 2023
Expertise platform Upwork Inc. (NASDAQ: UPWK) introduced at the moment that it’s partnering with VMS suppliers SAP Fieldglass and Flextrack as a part of its enterprise providing. The 2 VMS suppliers are the primary in Upwork’s plans to accomplice with others in VMS and MSP area.
The announcement is noteworthy as a result of few expertise platforms have partnered with VMS platforms prior to now, and Upwork ranks because the largest expertise platform by gross spend quantity.
“Regardless of MSP and VMS being extensively adopted within the enterprise, most expertise platforms don’t provide employees by means of MSPs or VMS. In SIA’s 2023 World Expertise Platform Survey, solely 44% of platforms engaged with MSPs and 28% with VMS,” mentioned Matt Norton, workforce options analysis director, at SIA. “The shortage of expertise platform relationships with MSPs and VMS could also be having a adverse impression on person experiences amongst enterprise purchasers. Nevertheless, this information represents an essential growth that gives enterprises with a holistic resolution for on demand expertise with enhanced visibility, compliance in addition to streamlined processes.”
In its report, SIA mentioned such partnerships trying forward.
“Contemplating the continued ascent in the usage of expertise platforms inside the expertise provide chain, significantly as they transfer upmarket, the place MSPs and VMS suppliers are properly entrenched, the evolution of those relationships will possible develop in significance,” in keeping with the report. “These partnerships are intuitive as they’ll drive elevated platform exercise and the integrations are sometimes drastically appreciated by enterprise patrons as they enhance visibility into contractual spend.”
Upwork enterprise ranks as the most important expertise platform. Its Upwork enterprise providing is primarily designed for bigger purchasers with at the least 250 workers, in keeping with a regulatory submitting. Enterprise clients obtain all the conventional options of the Upwork market in addition to consolidated billing, a devoted staff of account managers and reporting.
Upwork additionally reported at the moment different new companies added to its Enterprise Suite embody a managed companies resolution that permits enterprise clients to contract total capabilities similar to buyer help, content material and advertising; a brand new dashboard; and its expanded AI-powered job publish generator.
