Monument Consulting
Monument Consulting is a Richmond, Virginia-based contingent workforce management firm providing outsourced MSP programs, VMS implementation consulting, and SAP SuccessFactors services to large enterprises across 50+ countries, managing $2.6B+ in client spend via vendor-neutral platform partnerships.
- Company typePrivate
- Founded2003
- HeadquartersRichmond, United States
- Headcount101–250
- GTM typeB2B
- OfferingServices
What Monument Consulting does
Monument Consulting, LLC is a Richmond, Virginia-headquartered contingent workforce management firm founded in 2003 by Matt Aprahamian that delivers outsourced Managed Service Provider (MSP) programs, contingent workforce consulting, and Human Capital Management Software implementation services to large enterprise buyers. The company's operating premise — branded as Total Workforce Management — is that roughly 65% of an enterprise workforce is full-time while 30%+ is contingent labor, and most organizations lack integrated visibility across both populations. Monument sells vendor-neutral managed programs where it operates as the outsourced program manager on top of the client's existing VMS platform rather than mandating a specific vendor.
The technical core of Monument's offering is deep configuration and implementation expertise across the leading Vendor Management Systems — SAP Fieldglass, Beeline, VNDLY (now part of Workday), Flextrack, and SAP SuccessFactors — supported by what the company describes as more Gen 1 VMS implementations than any other MSP over the prior three years and the largest pool of Beeline Level III certified consultants in the industry. Service scope spans program implementation and stabilization, supplier rationalization, rate card analysis, SOW management, direct sourcing enablement, and ongoing program administration, with stated scale of approximately $2.6–2.7 billion in client spend managed, 92,000+ contingent workers under management, and 1,700–3,000 supplier partners across 50+ countries and 25+ industries. Selected enterprise references include Red Hat (90-day SAP Fieldglass rollout in North America) and Delta Air Lines (a six-week non-employee workforce assessment completed March 2021).
The business model is services-led and enterprise-sold: pricing is by engagement or multi-year contract and is not publicly disclosed. GTM is a regional enterprise field sales motion with seven named regional Business Development Directors covering Western, Southeast, Northeast, Mid-Atlantic, Midwest, Southwest/Central, and International markets under VP of Sales Steve Salgado and President Ryan Baker. Revenue streams split across managed services (MSP programs), professional services (consulting engagements), and SAP SuccessFactors implementations, with the firm operating as an affiliated entity of Insight Global per recent sustainability disclosures. Client satisfaction is disclosed at 96%, suggesting meaningful retention; however, customer concentration by revenue, ARR, and net revenue retention are not provided in the input.
Monument Consulting firmographics
Firmographics- Name
- Monument Consulting
- Legal name
- Monument Consulting, LLC
- Website
- https://monumentconsulting.com
- Company type
- Private
- Founded year
- 2003
- Operating status
- Operating
- Headcount range
- 101–250 employees
- Short description
- Monument Consulting is a Richmond, Virginia-based contingent workforce management firm providing outsourced MSP programs, VMS implementation consulting, and SAP SuccessFactors services to large enterprises across 50+ countries, managing $2.6B+ in client spend via vendor-neutral platform partnerships.
- Ownership category
- akta.pro rank
Monument Consulting industry classification
Industry- Product category
- Contingent Workforce Management & MSP Services
- NAICS
- Management Consulting Services (54161), Other Scientific and Technical Consulting Services (54169)
- SIC
- Services-Help Supply Services (7363), Services-Management Services (8741), Services-Management Consulting Services (8742)
- akta.pro primary industry
- Vendor Management System (VMS) & MSP-Led Contractor Programs (BPACAGAF)
- akta.pro secondary industry
- Contingent Workforce / Contractor RPO (Contractor Recruiting) (BPACABAK)
Keywords
Where Monument Consulting is headquartered
LocationHeadquarters
- HQ city
- Richmond
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
Monument Consulting business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Technology or R&D, Marketing or Sales, Others
Revenue model
- Managed Service Provider (MSP) Programs: Full outsourced management of contingent labor programs including implementation, stabilization, and long-term maintenance. Provides transactional processing, supplier management, and strategic insights on best practices, legal/regulatory and market trends.
- Contingent Workforce Consulting: Stand-alone consulting services for clients who prefer to manage programs internally but need expert guidance. Includes VMS implementation consulting, supplier rationalization, rate card analysis, and program assessments.
- Human Capital Management Software Services: Advisory, new implementation and ongoing support services for SAP SuccessFactors deployments.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Multi-year contract | Enterprise MSP Programs |
| Other | Multi-year contract | Consulting Services |
Go-to-market motion2 records
Distribution channels1 record
Marketing channels4 records
Monument Consulting product offering
Product offeringCore offering
Monument Consulting provides outsourced Managed Service Provider (MSP) programs for contingent workforce management, stand-alone consulting services for VMS implementation, supplier rationalization, rate card analysis and program assessments, and Human Capital Management software implementation services (primarily SAP SuccessFactors plus SAP Fieldglass, Beeline, VNDLY/Workday, and Flextrack). Their Total Workforce Management approach combines visibility across full-time employees and contingent labor for enterprise clients across North America, LATAM, EMEA and APAC.
Differentiator
Problem solved
Functional benefit
Products and services
- Managed Service Provider (MSP) Full outsourced management of enterprise contingent workforce programs, including vendor management, supplier engagement, compliance oversight, program administration, and ongoing stabilization across multiple regions.
- Contingent Workforce Consulting Strategic advisory and consulting engagements for organizations that prefer to internally manage their contingent workforce programs, including VMS implementation, supplier rationalization, rate card analysis, and program assessments.
- Human Capital Management Software Services Implementation, configuration, and ongoing support services for SAP SuccessFactors and major Vendor Management Systems including SAP Fieldglass, Beeline, VNDLY/Workday, and Flextrack.
Quantifiable outcome
- Reduced costs and increased compliance for managing contingent workers through VMS implementation
- +3 more outcomes
Companies that use Monument Consulting
Customer profileNamed customers3 records
Segments3 records
Ideal customer profiles3 records
Monument Consulting technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature4 records
Monument Consulting partnerships and signals
Strategic signalPartnerships
Six partnerships are on record, tiered minor and core.
- Cherry Street EnergyminorAtlanta-based Cherry Street Energy financed and installed a 112.89-kilowatt rooftop solar array at Monument's Richmond office through a 20-year Power Purchase Agreement. The 210-panel system generates approximately 156,647 kilowatt-hours of renewable electricity annually, supporting Monument's sustainability and climate strategy commitments.
- SAP (Fieldglass and SuccessFactors)coreMonument is a certified partner for SAP Fieldglass Contingent Workforce Management and SAP SuccessFactors implementations. Monument has more Gen 1 implementations than any other MSP over the past 3 years. SAP Fieldglass named a leader in 2021 Gartner Magic Quadrant for Procure-to-Pay Suites.
- BeelinecoreMonument holds more Beeline Level III certified representatives than any other consulting agency in the industry. Provides Beeline VMS implementation, consulting, and support services including data migration, change management, and configuration.
- VNDLY (Workday)coreVNDLY VMS platform partnership. In December 2021, Workday acquired VNDLY, expanding the partnership ecosystem. Monument supports VNDLY implementations and configurations.
- FlextrackcoreVMS platform partner offering contingent workforce management solutions. Monument provides implementation and consulting services for Flextrack deployments.
- Insight GlobalcoreParent company. Monument Consulting is an affiliated entity of Insight Global. The solar partnership investment was made through Insight Global for the Monument Consulting office in Richmond, VA.
Scale indicators10 records
Recent moves6 records
Expansion highlights5 records
Monument Consulting competitors and assessment
Company assessmentDirect peers
- Magnit: Magnit is the largest pure-play MSP globally (formed from the merger of MBO Partners, Workforce Logiq, and Beeline). It directly competes with Monument in contingent workforce program management, VMS implementation, and supplier management for enterprise clients.
- Pontoon Solutions: Pontoon is the MSP and talent advisory arm of Adecco Group, one of the world's largest staffing firms. It competes head-to-head with Monument on managed service provider programs, Statement of Work management, and direct sourcing for global enterprises.
- KellyOCG: KellyOCG is the outsourcing and consulting arm of Kelly Services, providing MSP, RPO, and talent advisory services. It competes directly with Monument in contingent workforce management and is a similarly positioned mid-to-large MSP with enterprise clients.
- Randstad Sourceright: Randstad Sourceright is the MSP/RPO division of Randstad, offering managed service provider programs, recruitment process outsourcing, and talent analytics. It is a direct competitor with global scale that exceeds Monument's footprint.
- TAPFIN: TAPFIN is the Managed Service Provider division of ManpowerGroup, delivering contingent workforce management, statement of work management, and total talent management. It competes directly with Monument for enterprise MSP contracts globally.
- AMS: AMS (formerly Alexander Mann Solutions) is a global provider of talent acquisition and management services including MSP and RPO. It competes directly with Monument in contingent workforce consulting and managed program services for large enterprises.
- Guidant Global: Guidant Global is a UK-headquartered MSP providing contingent workforce solutions and statement of work management to enterprise clients across multiple regions. It competes directly with Monument's international and global enterprise segment.
- Hays Talent Solutions: Hays Talent Solutions is the MSP and workforce solutions arm of Hays plc, offering contingent workforce management and recruitment process outsourcing. It competes directly with Monument in the mid-market and enterprise MSP segment.
Emerging players
- Sevenstep: Sevenstep is an RPO and MSP provider serving mid-market and select enterprise clients, with a comparable focus on contingent workforce program design and VMS implementation. It is a smaller-scale competitor with overlapping service offerings.
- Cielo: Cielo is a global RPO and talent acquisition provider with growing MSP capabilities, often competing with Monument in enterprise workforce transformation engagements. It is somewhat adjacent but increasingly overlaps in total talent management deals.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
Monument Consulting social profiles
Digital presenceMonument Consulting financial estimates
Financial estimateRevenue estimate
Valuation estimate
Monument Consulting leadership team
Management profileNumber of profiles
Profiles14 records
Monument Consulting funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Monument Consulting M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Monument Consulting
What does Monument Consulting do?
Monument Consulting provides outsourced Managed Service Provider (MSP) programs for contingent workforce management, stand-alone consulting services for VMS implementation, supplier rationalization, rate card analysis and program assessments, and Human Capital Management software implementation services (primarily SAP SuccessFactors plus SAP Fieldglass, Beeline, VNDLY/Workday, and Flextrack). Their Total Workforce Management approach combines visibility across full-time employees and contingent labor for enterprise clients across North America, LATAM, EMEA and APAC.
Is Monument Consulting a public or private company?
Monument Consulting is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was Monument Consulting founded?
Monument Consulting was founded in 2003. It employs 101 to 250 people.
Where is Monument Consulting based?
Monument Consulting is headquartered in Richmond, United States, in the North America region.
How does Monument Consulting make money?
Three revenue lines are on record. Managed Service Provider (MSP) Programs are the primary driver. The others are contingent Workforce Consulting and human Capital Management Software Services.
Who are Monument Consulting's main competitors?
Direct peers on record are Magnit, Pontoon Solutions, KellyOCG, Randstad Sourceright, TAPFIN, AMS, Guidant Global and Hays Talent Solutions. Emerging players are Sevenstep and Cielo.
Does Monument Consulting have an API?
No public API is recorded for Monument Consulting.
What industry is Monument Consulting in?
Monument Consulting's product category is Contingent Workforce Management & MSP Services. Its primary akta.pro industry code is BPACAGAF, Vendor Management System (VMS) & MSP-Led Contractor Programs, with a secondary code of BPACABAK, Contingent Workforce / Contractor RPO (Contractor Recruiting). Its NAICS code is 54161 and its SIC code is 7363.