Resources



avatar icon

What is a Default Payment Method?

Payment method or a payment route refers to the way you get paid for the services you have provided as a service provider, independent contractor, consultant, lecturer, freelancer, etc. Transformify ( TFY) supports various payment methods and we are adding more payment providers to the list to expand your options. Please note that some payment methods may not be available across all countries and payment provider fees may apply. A default payment method is the payment method that will be

avatar icon

How To Fill In My Invoice Details

Issuing invoices is tedious work for most service providers, independent contractors and freelancers. Worry not, Transformify fully automates the invoicing process. All that is required from you is to provide your invoice details and keep them up to date going forward. There are some nuances when it comes to providing your invoice details if you are registered as a self-employed, individual entrepreneur or you provide services via a legal entity. Once you fill in your invoice details, all i

avatar icon

Self-billing: Turning Payouts to Service Providers Into B2B Experience

According to a study conducted by SAP, 42% of the workforce spend is attributed to contingent workforce – service providers, independent contractors, experts, consultants and freelancers. The unpredictable business climate has impacted the hiring decisions of most businesses. Now, fewer businesses can afford to hire full-time. To stay flexible and drive efficiency, companies of all sizes hire independent contractors, highly skilled consultants, experts and freelancers. The Challenge Mai

avatar icon

What is a Freelancer Management System?

Uncertainty, Covid-19 lockdown and business slow down resulted in a shift to contingent workforce for many businesses. Although hiring freelancers and independent contractors may significantly optimize costs and improve efficiency, managing external workforce is a hassle. Duplicate payments, messy invoicing, unmet deadlines and inefficient budget controls are just a small part of all challenges businesses face when managing on-demand workforce. At the same time, enterprise vendor managemen

avatar icon

SAP Fieldglass Alternative for Small and Medium Businesses (SMBs)

If in the past, prior to the COVID-19 pandemic, contingent workforce management and Vendor Management Systems (VMS) were of interest mostly to enterprises, nowadays, companies of all sizes are shifting to on-demand workforce to optimize costs and increase efficiency. Leveraging contingent workforce adds flexibility and extends the ‘’runway’’ of startups and scaleups that are still not profitable and depend on the next funding round to stay in business. Moreover, all