5 Features of Liquid that Our Users Love
Liquid makes contractor and vendor management easy; here are the top 5 reasons our users love Liquid.
As a business owner, it can be hard to know which software and tools are best for supporting your company. As our users know, Liquid provides a wide variety of features that make all aspects of HR and payment management streamlined and easy.
Here are some of our users ’ favorite features.
We power the liquid workforce.
1. The Best Smart Onboarding
Our users easily hire and onboard team members through our smart contract templates. By using Liquid’s templates, it only takes one minute to invite a new teammate — plus, this feature helps you to be absolutely sure everyone filled out all the right documents and forms every time. All executed paperwork is then centrally stored and organized for easy access and compliance.
Download Liquid’s Employee (W2) versus Independent Contractor (1099) Compliance Checklist as a handy reference when evaluating your relationships with freelancers.
Liquid user, Lori Shao, needed a better way to oversee her team for her company Finli. We streamlined and automated the administrative tasks of managing Finli’s liquid talent, enabling Shao to quickly assemble contracts, W-9s, and other critical documentation to onboard new workers. We made it possible for invoices and payments to be easily reviewed and authorized. Now, Finli saves money and hours every month.
2. Diverse Work Order Options
Work orders are so handy — users can turn projects into actionable tasks paired with various types of payment options (flat, hourly, daily, weekly, monthly, quarterly). Liquid makes it easy to send and accept work orders, which can also be used to predict your businesses’ upcoming cash needs. Liquid’s work order feature is designed to help you stay compliant in terms of behavioral, financial, and relationship factors with your independent contractors.
3. Invaluable Invoice Matching
Our users never have to worry about a vendor accidentally overbilling them. Liquid offers the special feature of invoice matching: invoices are automatically compared to their corresponding work order to avoid unintended overcharging. Invoices can also be automatically routed to the right hiring managers for approvals.
As Liquid user Jing Gao knows, Liquid’s invoicing features save your business a lot of time and money. Since launching in 2019, Gao’s modern Chinese food company, Fly by Jing, has experienced viral growth, and she found that manually managing her ever-increasing number of independent contractors was creating errors. Now that Gao uses Liquid, all of her invoice matching, contracts, and payments are taken care of, which gives her time to focus on her company’s operations. As Gao put it, “Liquid saves me lots of time – every month that’s dozens of hours more I spend growing Fly By Jing.”
4. Easy Global Payments
Liquid is partnered with global banks, which allows users to make payments to over 175 countries via ACH, cards, and wires. No matter where you want to do business, we got you! We background check your payees for you, and they will reliably receive your payments within 2-3 days. You can also sync your payment data with your accounting system.
5. High Security
Liquid keeps every user’s sensitive information extremely secure and confidential. We employ state-of-the-art cryptographic algorithms during data transmission and in our databases. Your credit card information is never transmitted through our servers but is stored on a card processor (Chase Paymentech), a certified Level 1 PCI Compliant Service Provider (the highest level). Your funds are never at risk – all money is held in a protected account by our partner bank until it will be delivered to your vendor. To top it all off, all Liquid employees undergo background checks and security training. Now that’s safe!
Everything you need and more
As our users can attest, Liquid takes care of the details so that business owners get where they need to go. Don’t worry about contracts, compliance, or being overcharged by vendors – Liquid has those bases covered. Like Lori Shao and Jing Gao, you can take your business to the next level by using Liquid to elevate your onboarding, project, and invoice management.
Ready to switch to our complete vendor and contractor management solution? Try Liquid today.
Updated: July 13, 2021
Quick note: This is not to be taken as tax advice or legal advice or payroll advice. Since tax rules and laws change over time and can vary by location and industry, consult a CPA / tax advisor and/or attorney for specific guidance.