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nextSource - 2021 Next Generation Contingent Workforce Solutions and MSP

Vendor Analysis

by Nikki Edwards

published on May 26, 2021

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Report Overview:

This NelsonHall vendor assessment analyzes nextSource's offerings and capabilities in Next Generation Contingent Talent Services and MSP.

Who is this Report for:

NelsonHall’s CWS/MSP profile on nextSource is a comprehensive assessment of nextSource’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 nextSource’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 nextSource’s offerings and capabilities in CWS/MSP.

nextSource is a privately held woman-owned business enterprise headquartered in New York City with a U.S. footprint, founded in 1998.

nextSource focuses on first- and second-generation buyers in the mid-market space. Its CWS/MSP programs are vendor-neutral. It offers a range of CWS/MSP programs, predominantly focused on a blended mix, combining MSP, SOW, services procurement, and freelancers. nextSource also provides payroll services.

In 2020, nextSource launched new services and relaunched other services that had seen increased demand due to the pandemic.

nextSource is technology agnostic, using a blend of proprietary and third-party platforms. It has launched new proprietary tools in 2020 and has plans to expand its ecosystem in 2021.

nextSource has seen traction in Higher Education, Logistics, and Distribution.

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