November 27, 2022

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Transformify Is Everything A Business Needs To Manage And Pay Vendors, Service Providers, Independent Contractors And Freelancers

Transformify Ltd, the global payroll on-demand platform automates compliance, billing and payments to independent...
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Below is our recent interview with Riddhi Dhadda, Marketing Executive at Transformify:

Q: Could you provide our readers with a brief introduction to your company?

A: TFY is everything a business needs to manage and pay vendors, service providers, independent contractors and freelancers. VMS ( Vendor Management System), ATS ( Applicant Tracking System), FMS( Freelancer Management System), EOR ( Employer of Record) are easily accessible from a single dashboard.

Imagine a gaming company that needs to smoothly pay thousands of affiliates or a translation agency acquiring the services of hundreds of translators and freelance writers and the list goes on. Instead of collecting hundreds of invoices, trying to manually process and reconcile payments and figuring out how to stay in compliance with the local legislation, TFYs customers filly automate the end-to-end process thus saving 60% on costs on average.

Q: Any highlights on your recent announcement?

A: Contingent workers, freelancers, Gig economy and self-employment are on the rise worldwide and businesses of all sizes rely on service providers, independent contractors and contingent workforce more than ever before. However, managing numerous service providers, compliance, billing and cross-border payments is a challenge for most businesses. To address the need to compliantly manage and pay thousands of one-off vendors, service providers and freelancers, TFY offers a portfolio of software solutions, including ATS (applicant tracking system), VMS (vendor management system), EOR (employer of record), FMS (freelancer management system) and full automation of billing, cross-border payments, payments in 20+ crypto currencies and document management. Thus TFY provides end-to-end Workforce Management System, which can help companies:

  • Source and hire top talent with AI-driven Applicant Tracking System (ATS)
  • Manage all employee types: payroll, EoR, and contractors
  • Automate billing and payments in 184 countries
  • Company-as-a-Service: Work with thousands of freelancers and contractors worldwide but receive invoices from and make payments to just one vendor – TFY.

Thus now companies can compliantly hire, manage and pay international contractors and freelancers from a single platform. Now with TFY no matter if you work with thousands of international contractors or just a few, you will always receive invoices from and transfer payments to one vendor – TFY. They take care of tax compliance, cross-border payment transfers and reconciliation.

TFY global payroll on-demand

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Q: Can you give us more insights into your offering?

A: A freelance management system (FMS) is an all-in-one platform, making the process of finding, booking, managing and paying the freelance workforce to the next level – be that one or 1,000+ freelancers at a time. In other words, TFY manages all of the operational, financial, and legal components of working with freelancers to help companies reduce paperwork and boost productivity. With TFY, companies can not only save their business time and money, but also ensure compliance – offering a smooth end-to-end hiring process. TFY helps streamline and simplify every hiring process — from finding the right talent to ensuring compliance — so you can dive into work fast and produce better outcomes.

Q: What can we expect from your company in the next 6 months? What are your plans?

A: TFY is changing the way companies can hire, manage, and pay remote teams, contingent workforce and freelancers and will keep on innovating to make the process easier for companies and to help them stay up to date with the recent changes in the workforce management. And as for the employees, TFY will keep on innovating to help people – particularly disenfranchised groups – access work when they might not ordinarily be able to.

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Q: What is the best thing about your company that people might not know about?

A: Transformify Ltd, the global payroll on-demand platform automates compliance, billing and payments to independent contractors, service providers and freelancers, has launched its new brand- TFY, as it enters new markets in Asia and UAE and responds to unprecedented demand for vendor management automation software. TFY stands for ‘’ Think For Yourself’’. TFY serves business leaders who think for their businesses and their teams and focus on the automation of routine vendor management tasks to drive business growth.