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Insperity and Wingspan Team Up for Contractor Management

In a significant move for businesses leveraging independent contractors, Insperity, a leader in human resources and business performance solutions, has partnered with Wingspan, the first payments platform tailored specifically for independent contractors. This collaboration aims to introduce the Insperity Contractor Management powered by Wingspan solution, which promises to streamline the entire contractor engagement lifecycle for companies employing 1099 workers.

A Solution for Modern Workforces

The Insperity Contractor Management platform is designed to enhance how organizations manage their relationships with independent contractors. As the nature of work shifts increasingly towards freelance and contract-based roles, this solution facilitates everything from onboarding and TIN verification to automated payments and 1099 tax reporting compliance. Clients can expect a seamless experience that combines advanced features and user-friendly interfaces.

Kathy Johnson, Insperity’s Executive Vice President of Strategic Development, emphasizes the necessity of evolving solutions that cater to the modern workforce's demands: "We’re not just responding to the rise of 1099 workers; we’re leading the way in how businesses manage this shift." This perspective underscores Insperity’s commitment to helping clients navigate complexity with confidence, showcasing values of care, innovation, and unwavering support.

Addressing Growing Contractor Engagement

The partnership comes at a time when more businesses are engaging with independent contractors, with predictions indicating that this trend will only intensify in the coming years. Insperity Contractor Management powered by Wingspan introduces a fully integrated system that automates essential functions while providing robust support.

According to Anthony Mironov, co-founder and CEO of Wingspan, this initiative reflects a critical juncture in the American workforce, with significant shifts toward flexible workforces becoming increasingly apparent. “The launch of Insperity Contractor Management powered by Wingspan is a testament to Insperity’s commitment to innovation and forward-thinking,” Mironov explained. Such revolutionary changes are vital as one in three American workers earned 1099 income in the past year.

Key Features and Benefits

Insperity Contractor Management allows for both individual and bulk onboarding of contractors. This process includes essential components such as W-9 collection and TIN verification, ensuring that businesses maintain compliance with tax regulations. The platform automates 1099 tax reporting compliance processes, from the creation of the documents to corrections and filing, thus saving valuable time for employers.

Contractors also stand to benefit significantly from this new system. They will have access to fast and flexible payout options including ACH, debit, and instant transfers. Real-time visibility into payment statuses, along with optional insurance products and various financial features, will enhance the overall contractor experience.

Customization for a Broader Reach

For HR and HCM platforms wishing to extend their services to the broader contractor audience, there is an opportunity to partner with Wingspan. They can either build a white-label solution or integrate directly using Wingspan's modular pre-built UI components. This presents companies with a customizable and scalable option that aligns with their specific needs.

In summary, the Insperity Contractor Management platform powered by Wingspan signifies a major advancement in contractor management solutions, addressing both current and future demands of businesses in the gig economy. As this partnership unfolds, it could very well set a new standard for how 1099 workers are supported in their roles across various sectors.

About Wingspan

Wingspan has witnessed remarkable growth, serving a growing number of contractors and facilitating over $3 billion in payments. As the first payroll platform dedicated to independent contractors, Wingspan strives to simplify the management of contract workers, ensuring timely payments, access to insurance products, and a smooth onboarding process. Founded by industry experts with a wealth of experience in financial services and platform engineering, Wingspan is poised to lead in supporting flexible work dynamics. Learn more at Wingspan's website.