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Avencia - 2021 Next Generation Contingent Workforce Solutions and MSP
Vendor Analysis
published on May 25, 2021
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Report Overview:
This NelsonHall vendor assessment analyzes Avencia's offerings and capabilities in Next Generation Contingent Talent Services and MSP.
Who is this Report for:
NelsonHall’s CWS/MSP profile on Avencia is a comprehensive assessment of Avencia’s offerings and capabilities, designed for:
- Sourcing managers monitoring the capabilities of existing suppliers of CWS/MSP and identifying vendor suitability for CWS/MSP RFPs
- Vendor marketing, sales, and business managers looking to benchmark themselves against their peers
- Financial analysts and investors specializing in the CWS/MSP sector.
Scope of this Report:
The report provides a comprehensive and objective analysis of Avencia’s CWS/MSP offerings and capabilities, and market and financial strengths, including:
- Identification of the company’s strategy, emphasis, and new developments
- Analysis of the company’s strengths, weaknesses, and outlook
- Revenue/SUM estimates
- Analysis of the profile of the company’s customer base, including the company’s targeting strategy and examples of current contracts
- Analysis of the company’s offerings and key service components
- Analysis of the company’s service delivery organization (including delivery locations).
Key Findings & Highlights:
This NelsonHall vendor assessment analyzes Avencia’s offerings and capabilities in CWS/MSP.
Avencia Consulting Services Limited (Avencia) was established in 2017 (and launched in 2018) to offer outsourced recruitment and consulting services predominantly to the insurance industry sector. Its parent company is the Oliver James Group.
It works with SMB clients looking to outsource recruitment for the first time.
Avencia offers a range of contingent worker solutions: end-to-end MSP (with SOW/services procurement), Pop-up MSP, Complementary MSP, CWS, contingent labor audit services, and SOW/resource tracking. Also, it offers payroll, RPO, total talent solutions, and consultancy (including tech).
Avencia does not build proprietary technology but chooses to partner with third-party technology providers.
Avencia is seeing traction in Insurance, Financial Services, and adjacent sectors (Fintech, InsurTech).