Freelance Management Software Overview
What is Freelance Management Software?
Freelance Management Software allows an employer to locate and hire freelancers for work. Additionally, many FMS allow hirers to track, manage and pay for work performed by their contracted workforce all within its system.
Modern freelance management software provides a number of tools for ensuring contractors are the right fit to the job, including portfolio screening, job bidding and proposal comparison. Most freelance management systems are cloud-based and touted as faster and more flexible than the vendor management system (VMS) they might replace.
Freelance Management Software Features & Capabilities
Freelance management software offers the following capabilities.
Freelancer portfolio screening, resume validation
Talent vetting and recommendations
In-platform communication tools (e.g. live chat)
Job posting, job board
Talent matching algorithm
Live hiring assistance
Job payment management
Anonymous talent search
Consolidated invoicing & billing
Secure, encrypted payment system
Custom payments (e.g. milestone payment)
Joining or registering with a freelance management software can be free, though some services are available on a subscription basis or as a percentage of hiring cost. More advanced services available at higher priced subscription include custom portal and contract management, compliance services, and dedicated account management.