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Thus, having comprehensive data and a Freelancer Management System provides a competitive advantage. Competition is higher than ever before, and quality work is the ‘’currency’’ of a globalized marketplace. Just like enterprise Vendor Management Systems (VMS), Transformify Freelancer Management System solves a common problem – how to source, hire, assign projects and transfer payments to gig workers, freelancers and independent contractors.Īs small and medium businesses ( SMBs) often work on a project basis, they need to be able to quickly fill in contract roles and reach out to a pool of freelancers they have already vetted, and ideally, have worked with before. Transformify HR Suite Gives Visibility into Customer’s Flexible Workforce Over time, it has become obvious that business customers need much more than that – they need an SAP Fieldglass alternative that addresses their needs and fits into their budgets.

The very first module offered by the UK-based HR software company was a Freelance Platform that helped businesses of all sizes source, recruit and transfer payment to freelancers. These needs have been addressed by Transformify HR Suite. The same is valid for temporary staffing agencies and staff augmentation companies. However, small and medium businesses (SMBs) need to manage their external workforce to ensure high productivity, avoid duplicate payments or late payments and be able to start working on new projects in no time. They work best if the company has already integrated SAP or Oracle as an ERP system which is usually not applicable to companies having less than 1000 employees. Vendor Management Software solutions like SAP Fieldglass and Oracle HCM are perfect for enterprises but too expensive for small and medium businesses. Now, the big question is ‘’ How to source, hire, manage and transfer payment to on-demand workforce?’’

Finding the best talent is no longer limited to a single location and work from home helps optimize rent costs. Moreover, all businesses had to adjust their processes to work from home and remote working arrangements during the lockdown which had a positive effect on flexible hiring plans. Leveraging contingent workforce adds flexibility and extends the ‘’runway’’ of startups and scaleups that are still not profitable and depend on the next funding round to stay in business. If in the past, prior to the COVID-19 pandemic, contingent workforce management and Vendor Management Systems (VMS) were of interest mostly to enterprises, nowadays, companies of all sizes are shifting to on-demand workforce to optimize costs and increase efficiency.