TalonFMS: What Makes It Great (Independent Contract Workers SolutionMap Analysis)

TalonFMS is a provider of talent management and direct sourcing technology that enables organizations that are looking to source, manage and leverage independent contract workers (ICWs). TalonFMS’s technology solution was recently evaluated in Spend Matters’ SolutionMap framework with the Independent Contract Workers enterprise solution category. The ICW solution segment is the most dynamic part of the contingent workforce and services (CW/S) procurement technology market, which also includes SolutionMap’s Temp Staffing (Vendor Management Systems/VMS) and Contract Services/Statement of Work solution segments.

Unlike solutions for Temp Staffing or Contract Services/SOW, most ICW enterprise solutions have emerged over the past five years within the context of the so-called gig, freelance and peer-to-peer “economies.” While some new providers have developed external platforms like online marketplaces that function effectively as third-party suppliers of talent, others have developed enterprise software solutions that organizations can use to source and manage independent contract talent in ways that VMS, ATS and HRIS systems cannot. TalonFMS falls within this latter category.

TalonFMS provides a fit-for-purpose enterprise software solution that organizations can use to source and organize, gain visibility into and establish control over their external workers they engage as contract independents and not as employees of staffing suppliers. A young company launched in 2015, TalonFMS already covers most of the important ICW management requirements cost-effectively for any size and type of organization, and it boasts the highest client survey score among its peers in the ICW solution category.