The Future of Payment Processing in Contingent Workforce Management

In the dynamic world of contingent workforce management, efficiency and speed are paramount. A revolutionary approach to payment processing is emerging, combining zero-touch invoicing with cutting-edge fintech solutions. This integration isn't just streamlining operations—it's transforming the entire landscape of workforce management.

Zero-Touch Invoicing: The New Reality

Imagine a world where invoices generate themselves, payments flow seamlessly, and financial teams focus on strategy rather than paperwork. This is the promise of zero-touch invoicing, and it's already becoming a reality.

At the heart of this revolution is the integration of Contingently's zero-touch invoicing with SAP Fieldglass, the leading Contingent Workforce Management System, and Aria, an innovative fintech company. Here's how it works:

1. Transaction Approval: The process begins in SAP Fieldglass, where the end-to-end procurement of contingent workforce is managed, invoices are calculated, and transactions are fully reviewed and approved.
2. Integration with SAP Fieldglass: Contingently's platform interfaces directly with SAP Fieldglass, tapping into the wealth of data and approved transactions.
3. Automated Tax Invoice Generation: Leveraging this integration, Contingently automatically generates accurate tax invoices based on the approved transactions in SAP Fieldglass.
4. Seamless Handoff to Aria: Once generated, these tax invoices are sent directly to Aria for payment processing, ensuring a smooth, uninterrupted flow from transaction approval to supplier payment—hence, "zero-touch."
5. Invoice Consolidation: In a move that significantly simplifies financial operations for buyers, Contingently consolidates all invoices. This consolidation allows buyers to make a single monthly repayment to Aria, streamlining cash flow management and reducing administrative overhead.

By acting as the crucial link between SAP Fieldglass and Aria, Contingently ensures that the entire process—from workforce management to payment processing—operates as a single, cohesive system. This integration is key to unlocking the full potential of zero-touch invoicing and next-generation payment processing.

Invoice Financing: The Fintech Revolution

While zero-touch invoicing provides the framework, innovative fintech companies are the engines driving this transformation. Aria, one of Europe's fastest-growing fintech stars, acts as a financial pay agent, taking the zero-touch concept to the next level:

• Instant Supplier Payments: Aria pays suppliers directly and instantly for all approved invoices. This rapid payment model strengthens supplier relationships and enhances financial stability throughout the supply chain.
• Flexible Payment Terms: Buyers can enjoy payment terms of up to 90 days, similar to a credit card model. This flexibility allows businesses to optimize cash flow while maintaining strong supplier relationships.

Compliance in a Complex World

As payment processes evolve, so do regulatory requirements. This integrated system doesn't just focus on speed and efficiency—it also ensures rock-solid compliance with financial service regulations. Aria's expertise in fintech compliance, combined with Contingently's intelligent platform, provides peace of mind for businesses navigating the complex world of contingent workforce management.

The Future is Now

The fusion of zero-touch invoicing and cutting-edge fintech is more than just a trend—it's the future of payment processing in contingent workforce management. By automating tedious processes, ensuring rapid payments, and maintaining strict compliance, these innovations free businesses to focus on what truly matters: strategy, growth, and nurturing a dynamic, flexible workforce.

As we look to the future, one thing is clear: the companies that embrace these transformative technologies will lead the pack in the ever-evolving world of work. With Contingently bridging the gap between workforce management and financial operations, businesses are well-positioned to thrive in this new era of efficiency and innovation.