As the global labor market rapidly shifts toward freelance and contract work, Papaya Global and Worksome announced a strategic partnership to redefine how companies, large and small, manage and pay their growing contingent workforce.
Freelancers, contractors and gig workers already make up 40% of the global workforce, a number set to exceed 50% by 2050. But most enterprise systems still rely on disconnected tools, legacy models, or manual processes to manage them. This partnership finally solves the compliance and payments complexity of hiring global freelancers by combining Papaya’s end-to-end infrastructure with Worksome’s modern, intuitive freelancer and hiring manager experience.
Together, this partnership delivers the most complete end-to-end solution on the market. This marks a new era for Freelance Management Systems (FMSs) – purpose-built systems designed to help enterprises efficiently engage, onboard, and pay independent talent at scale. The solution includes in-product worker classification and onboarding to integrated AOR/EOR and real-time, local-currency payments in 160+ countries. For the first time, companies can manage global freelancers with speed, clarity, and confidence, all in one unified workflow.
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“The contingent workforce is the fastest-growing segment of global employment, and also the hardest to manage,” said Eynat Guez, CEO and Co-Founder of Papaya Global. “Together with Worksome, we’re solving this challenge at enterprise scale, offering a one-stop solution from onboarding to real-time payments.”
“We built Worksome as a modern, tech-based solution to simplify the chaos of contractor management,” said Morten Petersen, CEO and Co-Founder of Worksome. “The partnership with Papaya tackles one of the biggest challenges in contingent workforce, together we’re delivering a global solution that’s fast, flexible, and enterprise-ready.”
With Worksome’s sleek front-end experience and Papaya’s global payment infrastructure, companies can pay any freelancer globally – instantly, in local currency, with built-in compliance and full auditability. This is a turning point for companies relying on flexible workforces: no more compliance risk, payment delays, or integration headaches. One platform. One workflow. Total visibility.
Source: PRNewswire
