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New SIA Research: How Enterprises Gain Strategic Advantage with FMS
New SIA Research: How Enterprises Gain Strategic Advantage with FMS
A guide to what a Freelancer Management System (FMS) is, the value it delivers, and how leading enterprises are gaining a competitive advantage through it.
One of the most common questions we hear from HR, procurement, and workforce leaders is:
“What actually is an FMS?”
A Freelancer Management System (FMS) is not just another sourcing tool or marketplace.
Modern FMS platforms have evolved into end-to-end infrastructure that helps organizations source, onboard, classify, manage, and pay contractors in one compliant system, globally.
As Staffing Industry Analysts (SIA) explains in this report, the new generation of FMSs replaces fragmented spreadsheets and manual processes with automated workflows that dramatically reduce friction across the contractor lifecycle.
In other words: speed, compliance, and user experience no longer need to be trade-offs.
Why does an FMS matter now?
Organizations are relying on external talent more than ever, but legacy systems were never built for the realities of modern contractor engagement.
Modern FMS platforms enable enterprises to:
- Reduce time-to-start from weeks to days
- Replace “black book” contractor management with a governed system of record
- Automate worker classification, compliance, onboarding, and payments
- Support global contractor engagement at scale
- Improve contractor experience while reducing risk and cost
SIA’s research found the typical time to hire through modern FMS platforms is now just six days, enabled by automation and AI-driven workflows
Download the report to understand:
How modern FMS platforms are reshaping the external workforce and what best-in-class organizations look for when evaluating an FMS.
You will learn about:
- What defines an FMS today (and how it differs from VMS and staffing models)
- Why speed is the biggest differentiator in contractor workforce strategy
- How enterprises use FMSs to reduce compliance risk and improve governance
- The role of automation and AI in contractor classification and due diligence
- How organizations build curated pools of known, repeatable contractor talent
- Best practices for adopting and scaling an FMS across HR, procurement, and finance
- Real-world case studies showing cost savings, visibility, and faster delivery
Produced by Staffing Industry Analysts (SIA)
All findings are based on independent analysis, platform validation, and workforce solutions research conducted by SIA, the global authority on contingent workforce strategy.
Download the report
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