OmniPresent adds compliance focused comprehensive contractor
solutions to their platform, simplifying global workforce
management.
LONDON, June 6, 2024 /PRNewswire/ -- Omnipresent, a
leading provider of global employment solutions, has announced the
launch of its innovative Contractor Management Solution. This new
addition to their platform is designed to streamline contractor
management, ensuring seamless payments, compliance, and
administrative efficiency for businesses operating in over 200
countries.
The Contractor Market: A Growing Need to Reduce
Complexity
The modern workforce is increasingly dynamic, with businesses
leveraging a diverse array of talent across borders. According to
recent studies, the global gig economy was worth $455 billion in 2023, with a significant portion
attributed to freelance and contract work. As companies expand
their international footprint, managing contractors efficiently
becomes crucial. However, businesses often face challenges in
ensuring timely payments, tracking invoices, and navigating complex
compliance landscapes.
Simplified Global Contractor Management: OmniPresent's new
Contractor Solution
Many businesses struggle with the complexities of managing an
international contractor workforce especially:
- Payments to contractors in regions that they do not currently
operate in.
- The administrative burden of approving invoices and ensuring
timely payments.
- Ensuring they don't fall foul of contractor misclassification
laws, which can lead to legal complications and financial
penalties.
Omnipresent's new Contractor Solution addresses these critical
pain points. Key features of this comprehensive product
include:
- Global Payments: Support for payments to contractors in
over 200 countries, ensuring timely and accurate compensation
regardless of location. Eliminating the complexity and delays
associated with international transactions.
- Streamlined Invoice Management: Reduced administrative
burdens with real-time tracking for contractor invoices. This
enables businesses to maintain clear records of all contractor
engagements.
- Enhanced Compliance: Robust country specific contract
templates. This allows businesses to stay compliant with local
laws, mitigating the risk of legal disputes and financial
penalties.
- OmniProtect Indemnity Coverage: Contractor
misclassification can be extremely costly for organizations. As an
extra layer of protection, OmniProtect's liability coverage covers
costs for legal services and potential fines per contractor.
Yoa Artzi, VP of Product,
Omnipresent
"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.".
Availability
The Omnipresent Contractor Solution is now available to
businesses worldwide. Visit Omnipresent's website to learn
more.
About Omnipresent
Omnipresent is a global employment solutions provider that
simplifies international hiring, onboarding, payroll, and
compliance. By offering a comprehensive suite of services,
Omnipresent enables businesses to build and manage their global
teams with ease, ensuring compliance and operational efficiency.
Headquartered in London,
Omnipresent serves thousands of clients and operates in over 200
countries, supporting businesses of all sizes in their global
growth journeys.
Contact Information for press enquiries
Stuart Phillips
Head of Marketing
OmniPresent
+447867506276
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