It’s time to digitize and automate how you pay your vendors and freelancers, by switching to Liquid. So wouldn’t it make sense to digitize and automate how you pay your vendors and freelancers too? and freelancers (or W–8 forms for international freelancers and foreign vendors). With the ease and efficiency of approving, processing, and making vendor and freelancer payments via Ready to simplify 1099 worker and vendor management? Try Liquid today.

your Liquid account to make compliant, secure 2-day payments to freelancers, consultants, contractors, vendors ) or to do work and get paid (Vendor user). The next step to getting the most out of your Liquid account is to invite your Vendors. to pay or create and send Work Orders to your Vendors. Ready to use our complete contractor and vendor management solution? Try Liquid today.

Collect IRS Form W-8 For freelancers and vendors in the US (or US Citizens overseas), you must collect IRS Form W-9, which has all the information required for filing Form 1099s for contractors/vendors earning Liquid makes it easy to collect and securely store W-8s every time you onboard a freelancer and vendor Managing a roster of freelancers and vendors? Our customers report saving 20 hours per month (on average) when they use Liquid’s vendor management

The default process requires vendors to list their business addresses. When you invite a vendor to Liquid, that vendor is automatically able to use Liquid to interact with it easy for vendors to advertise their services publicly. Within Liquid, your vendor can establish their company profile for inclusion in vendor search results Moreover, if your vendor is using Liquid to manage SOWs with other clients, your vendor establishes itself

A system like Liquid which is designed for independent contractor and vendor management has built-in Manage Contractors Like Vendors Contractors should be treated like your vendors, not employees. Working with contractors is a complex process, just as it is with vendors. management system Liquid is designed to make contractor and vendor management easy. Prevent errors and mitigate compliance risks through one system that has contracts, vendor onboarding

The challenges are similar to those with managing many vendors but are amplified by the work’s short-term The odds are that spending on freelancers, contractors, independent consultants, and vendors is higher On average, our clients were using 7 different systems to manage their freelancers and vendors before The short-term (often one-time) project-based work of freelancers and vendors results in many invoices (or W-8 forms from international freelancers and vendors).

Maintain a Virtual Talent Bench – The bench is a company’s collection of independent contractors, vendors To keep spending on track, it’s crucial to know how much you’ve spent across all your workers and vendors Liquid empowers you to stay flexible by giving you everything you need to manage your freelancers and vendors

Here’s how to increase your working capital during times of uncertainty with automated vendor management working capital front for quite some time, as customers delay remitting invoices and suppliers and vendors Managing Freelancers and Vendors? Within Liquid’s onboarding process, W-9s are automatically collected for every 1099 vendor. Liquid After years of managing manual accounts payable workflows and processes, moving to a digital vendor

Liquid separates your vendor contracts from the related SOWs / Work Orders, allowing you to quickly start Once a vendor has signed a Master Services Agreement (MSA), along with any other onboarding documentation custom agreement or our contract template to establish a contractual agreement with a new or existing vendor Once the vendor has completed your onboarding process in Liquid, you can quickly launch new projects. Ready to start with more intuitive vendor and freelancer contracting? Sign-up to try Liquid today!

While US Vendors can use Plaid to set up their bank account to receive payments via Liquid, Vendors located up your Vendor account in Liquid. (For US-based vendors, this verification is completed via Plaid.) US Wise account We are able to support US Wise accounts for non-US-based vendors. US Payoneer account We are able to support US Payoneer accounts for non-US-based vendors.

Benefits of an MSA or SLA Save time and money every time you start a new project with a vendor – legal MSAs allows you to separate out SOWs or Work Orders When you sign an overarching MSA with each of your vendors should be tied to MSA automatically When you use Liquid, the specific MSA you have in place with a vendor is automatically tied to every Work Order for that vendor. Ready to start executing Master Services Agreements with your contractors, freelancers, and vendors? 

As a small business, managing and paying vendors and contractors can be time-consuming. With Liquid’s vendor payment system, you can either pay now or schedule the payment for a future date for US and international vendors. Plus with Liquid, it is simple to not only pay your US-based vendors but also your international vendors You can pay international vendors through your bank with an ACH transfer in either USD or their local

Liquid is designed for independent contractor and vendor management and includes features to help you Even alternatives to HR software, like vendor management systems, have issues for freelancer management Instead of HR payroll systems, some people opt to use vendor management systems (VMS) to avoid burdensome Vendor management systems are meant for long-term engagements with a select group of vendors, meaning Unlike the typical vendors managed through a VMS, freelance engagements tend to be short-term, sporadic

Managing Freelancers and Vendors? It also helps your company effectively manage vendor spending. 6. other vendor. Using Manual Processes or Multiple Systems Inherently, using vendors creates complexity. Paying Freelancers and Vendors?

But freelancers are like vendors and work with many companies. How do you ensure that these vendors will prioritize your company when you offer new projects? set up Master Service Agreements (MSA) or Independent Contractor Agreements with your freelancers and vendors Liquid makes it easy for you to pay freelancers, independent contractors, and vendors on time and cost-effectively

When you are working with the liquid workforce, knowing the difference between a foreign vendor and a US vendor is crucial. Ready to simplify sending IRS Form 1099s to your independent contractors, freelancers, and vendors?

With Liquid Trust, clients pre-fund the milestones they establish with vendors, letting vendors rest

Liquid are in USD by default but can also be sent in Euros and other select foreign currencies, allowing vendors Liquid never charges Vendors to receive payments, even when Vendors are requesting payments from Clients

Liquid are in USD by default but can also be sent in Euros and other select foreign currencies, allowing vendors Liquid never charges Vendors to receive payments, even when Vendors are requesting Now you’re ready to

When working with freelancers and vendors, it’s important to match your invoices to work orders and master When working with vendors, including freelancers and independent contractors, it’s important to match Ready to simplify managing your independent contractors, freelancers, and vendors?