In the SOW Spend Analytics arena, renowned entities like Vndly (acquired by Workday), Fieldglass (acquired by SAP), DCR Workforce (acquired by Coupa), and Utmost (acquired by Beeline) have carved niches, primarily in managing contingent workforces. Despite their robust platforms, a critical aspect of SOW spend remains underserved.
Spotting the Market Gap:
These leading solutions, while excelling in handling external workforce analytics, often overlook the full-time employee segment. This oversight leads to a fragmented view of SOW spend, missing out on the comprehensive coverage of the entire workforce spectrum.
The Vision Behind AltiosForce:
Altios recognized this gap and built AltiosForce, a platform aiming to fulfill every criterion of an ideal total workforce SOW spend analytics solution.
Our vision is straightforward: to track and analyze SOW spend across the entire workforce – encompassing employees, vendor contractors, individual independents, and freelancers.
Achieving Total workforce Conversational SOW Spend Analysis:
AltiosForce brings this vision to life by integrating data across HR, finance, and project management systems. It leverages advanced analytics, including predictive modeling, real-time processing, and conversational AI, uniquely addressing the identified challenges in total workforce spend management.
Redefining Industry Standards:
In a domain where many solutions provide a limited view, AltiosForce emerges as a holistic solution, offering a 360-degree perspective on SOW spend analytics.
Concluding our series, AltiosForce is positioned to fill this market gap in SOW spend analytics. We’ve journeyed through the evolving landscape of workforce spend management, identifying gaps and exploring solutions. AltiosForce’s holistic platform embraces the complexities and diverse needs of today’s dynamic enterprises, aiming to enhance both operational efficiency, and strategic alignment of spend.
If your company is struggling to manage large numbers of contingent workers and your project counts and budgets continue to grow, reach out to me. We’d love to help.