Analysts estimate that 60% of contract spend goes unaccounted for in financial planning, forecasting and budgeting within the average company. Fortunately, the emergence of Freelance Management Systems (FMS) are empowering HR, finance and business executives with the tools and insights needed to:
- Onboard & organize contractors into groups based on skill, location, experience & etc.
- Enforce compliance rules to remain compliant with federal, state, local and federal regulations
- Track and report on every aspect (costs, coverage, compliance) of your 1099 workforce