Global Contractor Management

Your 1-Stop Solution for managing contractors Globally!

With Asanify’s Contractor Management solution, you hire the best talent, anywhere in the world, and just relax.

  • Timesheets and KPIs to track your contractor productivity
  • 1-click Payroll for payouts in 200+ Countries
  • Auto-Invoice generation for reconciliation
  • Best-in-class FX Rates to help you save more on your payroll cost

At Glance

Happy Customers Globally
0 +
Countries Covered
0 +
Employees Managed through Asanify
0 +

Experience the Global Payroll excellence with Asanify

No matter where you hire and pay your Contractors, manage their payroll seamlessly with Asanify. Pay in your local currency while your contractors will receive the payment in the currency of their choice.

Streamline Contractor Payments Seamlessly

Consolidate all your contractor payments, and Execute payroll in just one-click. What’s more, you can do a single transfer for multiple contractors, across the various countries and currencies. 

1-Click Payroll Execution

Run payroll for multiple contractors, across the various countries, in just One Click. Asanify’s consolidated payroll enables you to transfer money in bulk while your Contractors receive their payments individually

Auto-Invoice Generation

No hassle anymore for payment reconciliations for your Contractors. Asanify payroll automatically generates the contractors’ invoice which also become the income proof for your contractors

24 Hours Payment Turnaround Time

Avoid any delays in paying your contractors. With Asanify, it literally takes just 24 hours to make the payments reach your contractors in their local bank account.

Discover the fastest way to growth

Fully Compliant, FX Payroll across 200+ Countries

Be 100% compliant, while paying your contractors globally. Asanify’s contractor management solution supports multi-currency payroll through both SWIFT and Local Bank Transfers

Any Country, Any Currency

Transfer money locally in our your country in your local currency. And your contractors will get paid in the currency of their choice

Add VAT or GST in Payroll

Asanify’s payroll solution allows you to customize the payments by breaking it into Consulting Fee, VAT, GST etc. to ensure that all local compliances are adhered to

24*7 Customer Support

Asanify’s global customer team is available round-the-clock to ensure that you and your contractors never feel stuck no matter where you may be

Track KPIs and Timesheets and pay Contractors accordingly

It is not just about the Payroll. With Asanify, you can also track the overall productivity of your Contractors using Timesheets, KPIs, and OKRs. You can also link your payroll to the contractors’ performance

Performance-linked Payroll Execution

Automatic payroll calculation depending upon the target achievement. Manage the timesheets and overall hours worked by your contractors – all in one place

KPIs, OKRs, Timesheets

Asanify’s HRMS comes in handy to track the Contractor’s performance over time. Use this to enhance your contractor productivity, similar to your full-time employees

Performance Management System

Detailed performance management system to ensure that all achievements and areas of improvement for your Global Contractors is tracked and acted upon.

Performance Analysis
Types of employment contracts

Automated Contracting Process with Digital Signatures

Use the Hiring Module of Asanify for maintaining the database of prospective candidates and also complete the hiring and onboarding process for your selected contractors

Send and Sign Contracts Digitally

Use the pre-loaded default template or choose your own to draft the contract, and get it signed digitally by your contractors

Automated Onboarding and Offboarding

Completely customizable onboarding and offboarding workflows for your contractors to ensure adherence to all the process steps

Store all Contractor Documents

Asanify enables Individual Documents storage as well as Team Documents that may be relevant for all your contractors

Track Time-Offs, Vacations and Performance anytime, anywhere

Asanify’s fully automated and end to end HR Management System ensures that you have all your Contractor information in one place. This ensures easy access to all information by you and your contractors 

Fully automated HRMS for Contractors

Track the Leaves, Attendance, Expenses and the Core and Non-core hours of your contractors on a single interface. Customize the workflows to manage the approvals given to your contractors

Integrated with Slack, MS Teams and WhatsApp

Asanify comes integrated with the platforms of your choice. Whether it is Google Suite, Slack, MS Teams or even WhatsApp, you have all your HR information available to you readily

Customizable Leave and Attendance Policy

It is not a one-size-fits-all. Choose your contractors anywhere globally and customize the work and time-off policy to suit the labour laws for those countries.

key results drive employee performance

Make Global Hiring and Payroll a delight

With Asanify, when it comes to hiring the best talent, from across the world – you just sit back, and relax!

Welcome to the zero-hassle global contractor and payroll management solution for your organization.

  • Get Started in just 1 Day
  • Asanify’s Customer Success Teams works with you for set-up
  • Choose from our vast global partner network for recruitment

Keen to know more: Leave your details for us to get in touch with you

 

Get Started with Asanify in just 1-Day

Globally the #1 Ranked Platform for an all-in-one Contractor and Payroll Management 

1. Sign up for a free Asanify account

Create your account on Asanify, and add your Contractors on the portal. Update the contractors’ bank details for payouts

2. Add your Contractor’s Salary

Choose your Contractor Salary, whether it is on an hourly, daily, weekly, or monthly basis. Assign the currency of payout

3. One-click Payroll and Invoice Generation

Click on ‘Pay Contractors’ for the payroll calculations and salary payouts. You can also add the expenses for reimbursement

We are proud partners for some of the finest global companies

Read some of our useful Blogs on Global Contractor Management

Contractor Onboarding: The Ultimate 10-Step Checklist

Contractor Onboarding: The Ultimate 10-Step Checklist

In today’s dynamic work environment, independent contractors are becoming essential partners for many…

Independent Contractor Management: The Ultimate Guide

Independent Contractor Management: The Ultimate Guide

Businesses in the post-pandemic era are all the more eager to hire independent…

Paying International Contractors: Your Go-to Guide

Paying International Contractors: Your Go-to Guide

International contractors are professionals working for companies outside of their home country. Large…

Some Frequently Asked Questions on Global Contractor Management

What is a global contractor?

A global contractor is an independent worker or freelancer who provides services to a company from a location outside the company’s home country. Unlike traditional employees, global contractors are not on the company’s payroll; instead, they are usually paid per project or on a contract basis.

Global contractors are responsible for handling their own taxes, benefits, and other work-related expenses, allowing companies to access specialized skills and talent without the complexities of employment. Hiring global contractors offers businesses flexibility, reduces overhead costs, and facilitates expansion into international markets without needing a local entity in each country.

How does Asanify ensure local compliance across multiple countries?

Asanify ensures local compliance across multiple countries by leveraging its comprehensive payroll and HR management platform, which is designed to handle diverse international regulations. The platform automates compliance processes by staying updated with country-specific labor laws, tax regulations, and reporting requirements.

Asanify’s global payroll solution integrates with local compliance experts and tools that automatically calculate tax withholdings, manage statutory benefits, and handle regulatory filings according to the laws of each country. This helps businesses minimize risks and ensures that contractors are paid accurately and on time, all while adhering to local legal requirements. By offering localized support, Asanify enables companies to scale globally with confidence and compliance assurance.

Can Asanify help with financial processes and reporting?

Yes, Asanify can assist with financial processes and reporting by providing a streamlined payroll and HR platform that simplifies financial management for global teams. Asanify’s system automates payroll calculations, tax withholdings, and currency conversions, which reduces the burden on finance teams and ensures accurate payments.

Additionally, Asanify offers detailed reporting features that give businesses insights into payroll expenses, tax obligations, and compliance status across different countries. These reports can be customized to meet specific business needs, aiding in budgeting and financial planning. By integrating with popular accounting software, Asanify further enhances transparency and efficiency in financial processes, making it easier for companies to track and manage global payroll expenses.

How much does it cost to work with a contractor on Asanify?

The cost of working with a contractor on Asanify depends on several factors, including the contractor’s location, the type of services required, and the frequency of payments. Asanify offers flexible pricing plans that are tailored to the needs of businesses with global contractors, typically charging a fee based on the number of contractors and the specific services used, such as payroll management, tax compliance, and reporting.

By leveraging Asanify’s platform, businesses can reduce administrative costs associated with managing contractor payments and compliance, helping to streamline budgeting for global teams. For detailed pricing, it’s best to contact Asanify directly, as they provide customized quotes based on the unique requirements of each organization.

Why do companies use global contractor management systems?

Companies use global contractor management systems to streamline the process of hiring, paying, and managing contractors located in multiple countries. These systems simplify complex tasks such as payroll processing, compliance with local labor laws, tax regulations, and currency conversion, allowing businesses to operate efficiently on a global scale.

Global contractor management systems also offer centralized tools for tracking contractor performance, managing contracts, and ensuring consistent communication. By automating administrative tasks, these platforms reduce errors, save time, and lower operational costs. They enable companies to access specialized talent across borders while mitigating risks associated with non-compliance, helping businesses to expand their global workforce seamlessly and cost-effectively.

How is a Contractor Management Platform different from a Staffing Agency?

A Contractor Management Platform and a Staffing Agency both facilitate workforce management, but they serve different purposes and operate in distinct ways:

  • Contractor Management Platform: This platform provides tools and services for companies to manage contractors directly, focusing on tasks like onboarding, payroll, compliance, and contract management. It’s a technology-driven solution that streamlines the administration of global contractors, giving companies full control over hiring, payments, and compliance. Businesses typically use these platforms to manage existing contractor relationships and oversee all aspects of contractor engagement through a single system.

  • Staffing Agency: A staffing agency, on the other hand, is a third-party service that recruits and places temporary or permanent workers for businesses. The agency is responsible for sourcing candidates, screening them, and matching them to open positions. Staffing agencies often handle payroll for temporary workers, but companies usually have limited control over the hiring process and rely on the agency for workforce supply.

In summary, a contractor management platform empowers companies to handle contractor operations directly with automated tools, while a staffing agency acts as an intermediary that supplies talent and manages recruitment for specific roles. Companies seeking more autonomy and a scalable solution for ongoing contractor management typically prefer platforms, whereas those in need of temporary staffing support may turn to agencies.

Why is a contractor payroll solution important?

A contractor payroll solution is important because it simplifies the complexities of managing payments for contractors, especially for businesses with a global workforce. Here are key reasons why it’s essential:

  1. Compliance and Risk Management: Contractor payroll solutions ensure that payments comply with local tax laws and labor regulations in each country. This helps businesses avoid legal issues, fines, and penalties associated with non-compliance.

  2. Time and Cost Efficiency: By automating payroll processes, these solutions reduce administrative tasks, save time, and cut costs. They eliminate the need for manual calculations, reducing errors and freeing up HR and finance teams to focus on more strategic activities.

  3. Accurate and Timely Payments: A payroll solution helps ensure that contractors are paid accurately and on schedule, which is vital for maintaining contractor satisfaction and building positive working relationships.

  4. Multi-Currency and Tax Support: For businesses operating internationally, contractor payroll solutions handle currency conversions and tax withholdings, making it easier to manage payments across borders.

  5. Centralized Management and Reporting: These solutions provide a centralized platform for tracking payment history, generating financial reports, and managing contractor data. This enhances transparency, aids in financial planning, and supports data-driven decision-making.

In essence, a contractor payroll solution enables businesses to manage contractor payments efficiently, reduce compliance risks, and support scalable growth by simplifying the payroll process for a global workforce.

How do companies choose a global contractor management system?

Companies choose a global contractor management system by evaluating key features and capabilities that align with their operational needs and goals. Here are some factors businesses commonly consider:

  1. Compliance and Tax Support: It’s crucial to select a system that can handle compliance with local labor laws, tax regulations, and reporting requirements across various countries. Look for platforms with automated compliance features and up-to-date knowledge of international tax laws to minimize risk.

  2. Payroll and Multi-Currency Support: Effective global contractor management systems should streamline payroll processing, including multi-currency payments and currency conversion capabilities. This ensures accurate, on-time payments and simplifies managing contractors in different countries.

  3. Integration Capabilities: Companies often need a system that integrates seamlessly with existing HR, accounting, and ERP software. This ensures smooth data flow, reduces manual data entry, and enhances overall efficiency by consolidating contractor information into one platform.

  4. Scalability and Flexibility: It’s important to choose a platform that can grow with the company, supporting an expanding contractor workforce. The system should offer flexibility in terms of payment schedules, contract types, and other customizable features that meet specific business needs.

  5. Ease of Use and User Experience: A user-friendly interface makes it easier for HR and finance teams to onboard contractors, manage payments, and track compliance. Look for platforms with intuitive dashboards and helpful customer support to facilitate a smoother implementation process.

  6. Reporting and Analytics: Comprehensive reporting and analytics tools are essential for tracking payment history, managing budgets, and evaluating contractor performance. These insights help companies make informed decisions and improve financial planning.

  7. Cost and Value for Money: The platform should offer a pricing structure that aligns with the company’s budget while delivering a strong return on investment. Many platforms offer flexible pricing based on the number of contractors or specific services used, so companies should consider both short-term and long-term costs.

By carefully assessing these factors, companies can choose a global contractor management system that meets their operational requirements, supports compliance, and enhances the overall efficiency of managing an international contractor workforce.

In what currency does the contractor get paid?

The currency in which a contractor gets paid typically depends on several factors, including:

  1. Contractor’s Location: Contractors are often paid in their local currency. For instance, a contractor based in India may receive payment in Indian Rupees (INR), while a contractor in the UK may be paid in British Pounds (GBP).

  2. Company’s Preference: Some companies may allow contractors to choose their preferred payment currency, especially if they operate in multiple countries and want to accommodate diverse contractor needs.

  3. Contract Terms: The payment currency is usually specified in the contract between the company and the contractor. This agreement outlines the payment terms, including the currency, payment method, and schedule.

  4. Global Payroll Solutions: Many global payroll systems offer multi-currency support, enabling businesses to pay contractors in various currencies while automatically handling currency conversion and exchange rates. This flexibility is crucial for companies with a global contractor base.

In summary, contractors are typically paid in their local currency or in a currency agreed upon in their contract, with many companies utilizing global payroll solutions to facilitate multi-currency payments seamlessly.

How do I terminate a contractor?

Terminating a contractor involves a careful process to ensure compliance with legal and contractual obligations while maintaining a professional relationship. Here’s a step-by-step guide on how to effectively terminate a contractor:

  1. Review the Contract: Before taking any action, thoroughly review the contractor’s agreement to understand the terms related to termination. Look for clauses that specify grounds for termination, notice periods, and any required documentation.

  2. Assess the Situation: Determine the reasons for termination, whether it’s due to performance issues, project completion, or changes in business needs. Ensure that the decision aligns with the terms outlined in the contract.

  3. Document Performance Issues: If the termination is based on performance issues, document specific examples of shortcomings or breaches of contract. This documentation can be important for legal protection and clarity in communication.

  4. Prepare a Termination Notice: Draft a formal termination notice that includes:

    • A clear statement of termination.
    • The effective date of termination.
    • Reasons for termination (if necessary and appropriate).
    • Any final payment details, including outstanding invoices or payment for work completed.
  5. Communicate Clearly: Schedule a meeting (if feasible) to discuss the termination with the contractor. Deliver the termination notice during this meeting, ensuring that the conversation is respectful and professional. Be prepared to answer any questions the contractor may have.

  6. Follow Legal Obligations: Ensure that the termination process complies with any applicable labor laws and regulations. This may include providing a final paycheck, severance (if stipulated), and any other obligations as outlined in the contract.

  7. Recover Company Assets: If the contractor has access to company assets, such as equipment, documents, or accounts, make arrangements to recover these items promptly.

  8. Conduct an Exit Interview (if appropriate): If the situation allows, conduct an exit interview to gather feedback on the contractor’s experience. This can provide valuable insights for improving future contractor management.

  9. Update Internal Records: Once the termination is complete, update your internal records to reflect the contractor’s status. Ensure that all team members who may interact with the contractor in the future are aware of the termination.

  10. Maintain Professionalism: Regardless of the circumstances, aim to end the relationship on a professional note. This helps preserve your company’s reputation and can lead to positive referrals or future collaborations.

By following these steps, you can ensure a smooth and compliant termination process that respects both your organization and the contractor.