VNDLY raised $8.5 Million “B-1” funding for its VMS. From what we’ve seen in the market, this new breed is largely similar to current VMS systems, which provide back-office capabilities for managing and paying a large number of independent, or agency provided, contractors. The new wrinkle looks to be in the usability/user interface and extending that to the line managers that are hiring the independents. While their site speaks to “total talent acquisition” this looks to be “intake” vs recruiting, as it does with other VMS offerings. They also throw around “workforce management” messaging, seemingly not understanding that it’s a well-defined category within HR tech, and has nothing to do with vendor management.
From what we’ve seen, no capabilities exist to integrate contingent workforce planning, recruiting, or management into the broader context of an employer’s workforce and culture. This looks to be more of a vendor and contact compliance offering for the enterprise.