Omnipresent, a provider of global employment solutions, has announced the launch of its new Contractor Management Solution, aimed at streamlining contractor management for businesses operating in over 200 countries.
This addition to their platform addresses critical challenges in contractor payments, compliance, and administrative efficiency, it said in a press release.
Addressing a growing market need
The modern workforce is becoming increasingly dynamic, with businesses relying on diverse talent across borders. The global gig economy was valued at $455 billion in 2023, with a significant portion attributed to freelance and contract work.
As companies expand internationally, managing contractors efficiently becomes essential. However, businesses often face difficulties in ensuring timely payments, tracking invoices, and navigating complex compliance requirements.
Key features of the contractor solution
Omnipresent’s new Contractor Solution is designed to tackle these challenges. Key features include:
- Global Payments: Support for contractor payments in over 200 countries, ensuring timely and accurate compensation, eliminating complexities and delays in international transactions.
- Streamlined Invoice Management: Real-time tracking for contractor invoices, reducing administrative burdens and maintaining clear records of all contractor engagements.
- Enhanced Compliance: Country-specific contract templates to help businesses stay compliant with local laws, mitigating the risk of legal disputes and financial penalties.
- OmniProtect Indemnity Coverage: Protection against contractor misclassification costs, covering legal services and potential fines.
“As the demand for flexible, international talent continues to surge, we’re providing businesses with essential tools to manage everything from payments to compliance with ease,” said Yoav Artzi, VP of Product at Omnipresent. “Our solution specifically addresses the complex risks of misclassification, ensuring companies can operate with confidence and focus on their core activities. We’re making international contractor management not just easier, but also safer.”