- Insperity (NSP, Financial) partners with Wingspan to launch a new contractor management solution.
- The platform automates contractor lifecycle management, from onboarding to 1099 tax compliance.
- The partnership addresses the growing demand for managing flexible 1099 workforces effectively.
Insperity, Inc. (NSP) has announced a strategic partnership with Wingspan to launch an innovative contractor management platform known as Insperity Contractor Management. This comprehensive platform aims to streamline the entire process of managing 1099 contractors, providing businesses with a more efficient way to handle the complexities of contractor engagement.
The newly launched platform automates key aspects of the contractor lifecycle, including onboarding, TIN verification, payments, and 1099 tax reporting compliance. Notable features include the ability to onboard multiple contractors at once, automated W-9 collection, and various payment options such as ACH and instant transfers. Contractors will also benefit from real-time payment tracking and access to insurance products and financial features.
This move comes as Insperity recognizes the significant shift in workforce trends, with one in three American workers earning 1099 income last year. By addressing the needs of businesses with flexible workforces, Insperity strengthens its service offerings, potentially creating new revenue streams from a growing market segment. The platform is designed to cater to Insperity's existing clients who frequently engage with contractors, enabling them to manage these engagements seamlessly.
"The workforce is evolving, and our clients need solutions that evolve with it," said Kathy Johnson, Insperity's executive vice president of strategic development. This partnership underscores Insperity's commitment to delivering innovative and premium experiences, streamlining contractor management, and enhancing client retention through expanded offerings.
Insperity Contractor Management powered by Wingspan is part of a broader trend among HR platforms to support the modern, flexible workforce, offering Insperity a competitive edge in the HR solutions market.
