- 7 Aug 2019
- 2 mins read
- Posted in
In an economy where work is becoming more skills-driven, an increasing number of companies are operating with a blended workforce. Freelancers, contingent workers and remote employees make up a huge part of the team in most companies.
For large firms working with thousands of freelancers, adopting a Freelancer Management System (FMS) may be an obvious choice. For younger firms with growing teams, the decision seems more complex. After all, if you work with just 10 freelancers, is an FMS really worth the time, effort and cost? Isn’t it simpler to manage them using a spreadsheet?
Here’s why a Freelancer Management System is particularly useful for new and growing businesses:
1. It makes planning and execution easier
For any young startup, the first couple of years of business are crucial for developing reputations. Delivering projects successfully, and on time, is important if the company wants to establish itself as a disruptive new player in the market. They cannot afford to have tasks slipping through the cracks while juggling multiple projects.
This is where an FMS proves indispensable. TalentDesk.io has a comprehensive dashboard, which puts all your systems in one place and offers you a 360 degree view of every project. This lets you create projects, manage upcoming deadlines, create dedicated teams and collaborate seamlessly with everyone involved in the project. Additionally, it gives you a real-time view of project budgets and your financial responsibilities, so you can adjust spending as you go.
2. It helps you juggle talent
To be able to assign the right people to the right job, you need to be well-versed with your freelancers’ talents, capabilities, and experience. This is not just a challenge exclusive to large firms with thousands of freelancers. Smaller teams usually just have a handful of managers juggling multiple projects. It is not possible for every manager to stay updated about the strengths and talents of each freelancer, especially in fast-growing companies where new people join the team each month.
An FMS like TalentDesk.io maintains a comprehensive database of all your freelancers, and enables managers to filter the available talent based on location, skill, ratings, etc. It makes it easy for them to select the right person for a task, even if they haven’t worked with that particular freelancer before. Alternately, if you do not yet have anyone with the right qualifications, you have access to PeoplePerHour.com’s pool of 1.5 million freelancers.
3. It takes care of the busy work
Operational and logistical tasks are an unavoidable part of running a business — think raising timesheets, managing compliance documents, calculating spends and processing payments. Larger firms usually have specific people dedicated to these tasks. However, in younger companies, these responsibilities fall upon the few managers who already have a lot on their plates.
An FMS helps automate many of these tasks. TalentDesk.io, for instance, makes onboarding easy by gathering freelancers’ portfolios, KYC documents, bank details and legal contracts, and storing them all in one place. It also saves your managers from having to process individual invoices — TalentDesk.io aggregates all the approved worksheets and raises a single invoice for you to pay. An audit trail is maintained so you know exactly how much you have spent and where. This frees up your managers’ time, so that they can focus on diversifying and growing your business.
4. It is time and cost effective
None of these benefits mean much if it takes hours to set up a bulky system, days to get everyone up to speed, and months to get used to the functioning of a new platform. With your dedicated account manager guiding the process, it takes you less than an hour to get set up on TalentDesk.io. You need not worry about replicating all your existing data and documents onto our platform either. All document storage platforms like OneDrive, Dropbox and Google Drive, as well as your existing Project Management system can be integrated with TalentDesk.io.
Even if you just work with 10 freelancers, TalentDesk.io can help you save up to 70% in invoice processing, simply by automating payments. The one-time task of setting up a new platform can drive massive cost efficiencies in the long run.

Richa Dayal
Speak to us to find out how we can help you pay your contractors more efficiently
Related articles
Virtual Team Building Activities Your Team Will Love
Virtual Team Building Activities Your Team Will Love
Remote working has become the new normal over the last few years, but what actually is a virtual team? If your company works with multiple people who are all based in different locations, have different skill sets, and report to different people — but are all working towards a common goal, then...


What is a Contractor Management System & How Does it Work | TalentDesk.io
If you are an employer in 2022, chances are that you are either already working with freelancers and contractors – or are thinking of doing so soon. But have you perfected your contractor management strategy? Here’s something that many businesses do not realize. Simply working with contractors is...

How to Hire Great Talent: 10 Hiring Tips for Startups
10 Best Startup Hiring Tips - How to Recruit Great Candidates
Content: The importance of hiring great candidates for your startup Top 10 tips to hire the best talent for your startup Chalk out your recruitment planHire flexibly and on-demandDon't limit your search by geography Focus on your employer branding strategyBuild and showcase great company culture ...

Contingent Workforce Solutions
What are contingent workforce solutions & how can they enable business success within the new world of work?
Contents What is a contingent workforce solution and why do you need one? What are the 3 key features of a contingent workforce solution & how can they enable success? PeopleProjectsPayments Benefits of contingent workforce solutions Efficient talent sourcing and onboardingEffortless...


15 Productivity Tools for Remote Team Management
Contents: Project Management ToolsTrello Remote and Freelance Team Collaboration ToolsTalentDesk.io Team Communication Tools Slack Google Hangouts MeetZoom File Sharing & Collaboration ToolsGoogle DriveDropbox Access & Approval Management Tools1PasswordAdobe Document Sign Time Management Tools...

Contractor vs Freelancer: What’s The Difference?
Contractor vs Freelancer: What’s The Difference?
Contents: 1. What is the difference between a freelancer and a contractor? What is a freelancer? What is an independent contractor? 2. The 4 key differences between freelancers and contractors The hiring process Contract periods The way they work The kind of work they do Setting rates There...


How to Hire Independent Contractors For Your Business | TalentDesk.io
Where’s all the good talent? Many employers in 2022 are left wondering just this. Indeed, the talent shortage that the world is going through right now is the most severe it has been in 15 years, with 69% of global organizations having trouble finding suitable talent. So what is going on? The rapid...


Tackling talent shortage: How successful businesses are bridging the skill gap in 2022
Your business is growing and fast. Your client base is expanding, you are generating a lot of data that you know could help you get more efficient – and you might even be thinking about setting up a team in a new geographic location. But when you try to actually plan out your growth strategy, you...


What is Contractor Compliance & Reasons to explore a Contractor Compliance Management System
Contractor compliance: All you need to know before engaging freelancers & contractors What is contractor compliance? Ask any manager what their biggest challenge is when working with freelancers and contractors. Chances are, their answer will have something to do with getting the actual work done –...

How to Manage Contractors With Just One Tool
How to Manage Contractors With Just One Tool
A lot of managers who are hesitant about working with freelancers and contractors because they’ve had bad experiences in the past have one thing in common. They mistakenly believe that since external workers are not permanent members of their teams, they do not need to be managed.
