Streamline Administration

Enlist a single vendor for management of all of your independent contractor and vendor administration needs

Most human resource managers are faced with the hassle of managing administration for hundreds of independent contractors in addition to the needs of their permanent employees. This typically requires:

• Negotiating terms on numerous contracts

• Processing multiple timesheets and expenses

• Paying multiple invoices and tracking payments

• Ensuring ongoing federal compliance for the entire contingent workforce

IPS solutions make it easy to work with multiple independent contractors and vendors, centralizing them all under a single contract – giving you back the freedom and the time to concentrate on the mission-critical aspects of your business.

IPS delivers increased flexibility, reduced administrative burden, risk reduction and cost savings over traditional staffing models – effective immediately – at zero cost to your business.

Consolidate Contracts, Timesheets, and Vendor Payments

Reduce costs, management and legal burden with a comprehensive process that covers contract set-up, timesheet and expense processing and contractor payments – all through a single contract.

With IPS, reduce processing costs through simplified administration and experience the following benefits:

• Legal departments experience reduced workload through a streamlined process for contract negotiation, and the completion of a single addendum when adding new vendors or independent contractors

• Human resource departments see increased efficiencies when sourcing new talent, or hiring former employees - without risk of reclassification. In addition, HR can effortlessly add new contractors to the master agreement without the necessity establishing a new contractual relationship with the vendor or independent contractor

• Accounting departments consolidate and simplify billing through receipt of one invoice and the processing of a single payment to IPS who quickly distributes compensation to all vendors and independent contractors via our proprietary electronic payment system

Centralize Benefits Administration

Your contractors are an integral resource that can greatly impact your company’s competitive position in the marketplace – and your bottom line. IPS provides independent contractors an attractive environment – all the perks of owning their own business, at a significantly lower cost.

With the conversion of independent contractors to IPS W-2 employees comes access to a full suite of highly desirable business benefits that range from pre-tax medical and dental and pre-tax expense accounts, to profit sharing and 401K matching.

The attractive package we offer contractors fosters loyalty and increases retention – ultimately enabling IPS to deliver your company the highest quality contractors in the business. IPS strives to provide independent contractors with the perfect balance between the control and independence they desire – and the value-added benefits, business services and administrative support they require. IPS offers the freedom of movement associated with self-employment without the hassles of incorporating and running a business.

The flexible benefits and business services that we offer our independent professionals are like those typically offered only to senior executives of Fortune 500 companies and include:

• Pre-tax business expense accounts

• Pre-tax benefits

• self-directed profit sharing and 401K matching

• Flexible payroll

• Tax payments

• Contracts and record storage

In addition, IPS ensures contractor compliance with employer-related federal rules and regulations including: ERISA, HIPAA, EEOC and their respective audits and discrimination testing.

For more information, link to the contractor benefits section of our website