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Challenge
Tensor Labs, a software company building apps that power the future of internet finance, aimed to onboard talent from around the globe to stay competitive in the fast-paced Web3 industry. They faced challenges in tracking contractor work hours, managing expenses, and ensuring accurate payments across different countries.
Without a reliable system, tracking contractor working hours was inconsistent, leading to disputes over invoices and payments. Varying global regulations and documentation requirements made onboarding international talent increasingly slow and complicated. Tracking and reimbursing expenses lacked transparency and efficiency, causing delays and frustration among contractors.
Solution
Niural provided Tensor Labs with Agent of Record (AOR) and Contractor Management services.
Niural's timesheet tool provided accurate tracking of contractor hours, increasing payment accuracy by 98%. Utilising EOR and AOR services, Tensor accelerated the onboarding process for international contractors, enhancing their ability to attract global talent. Niural's expense management feature simplified the process, reducing administrative tasks by 40% and ensuring timely reimbursements.
Results
98% Increase in Payment Accuracy
40% Reduction in Administrative Tasks
75% Reduction in Contractor Management Effort
By partnering with Niural, Tensor Labs efficiently managed its global contractor network, ensuring secure operations and fostering innovation in the competitive Web3 environment. The comprehensive solutions provided by Niural contributed to Tensor's compliant growth and success in the blockchain industry.
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