Tag Archives: IC Pay

Product Updates, November 2018

New in November

CXT Software X Dispatch Integration

Openforce now integrates directly with CXT X Dispatch to automatically create a new driver record in X Dispatch as soon as an IC is contracted. This allows you to skip manual entries and painlessly keep everything in sync.

Immediate Benefits:

  • Instant, hands-off driver record creation
  • Eliminate costly errors and time spent on manual entries
  • Approved contractors can be dispatched quickly

Read the full update on our seamless IC profile syncing with CXT Dispatch integration.
 

Updates to Existing Features

Settlement/Payment Downloads

If you’re an independent contractor (IC) receiving payments/settlements via Openforce’s IC Pay, now there’s a better way to review and download your pay details. Similar to standard bank statements, your settlement details can now be downloaded by month.

  • All previous filtering functionality still available
  • Faster to download
  • Easier to review

Enrollment Expirations – Client View

Tired of stale IC enrollments getting stuck in your contractors’ grid? Now you have the ability to set a timeframe on workflows with an expiration date. For example, if you set a 30-day expiration on your enrollment workflow, any IC that does not complete it within 30 days will automatically decline and move them out of your enrollment grid. This helps reduce clutter to allow you to focus on the most current and engaged ICs to get them contracted fast. If you’d like to set up an expiration on your workflows, simply call Openforce Client Services at 877-267-8500.

More IC Data in Enrollment Grid Customization – Client View

You now have more at-a-glance IC details in the Enrollment Grid! City and state details for contractors are available through customization options in the enrollment grid.


 

If you’d like to discuss ways to optimize your Openforce solution or would like to get started with an end-to-end 1099 management platform to onboard, verify, pay, insure and retain contractors, schedule a call with us to learn more—and receive a complimentary risk and compliance evaluation.

 

Important PA Tax Notice

The state of Pennsylvania recently passed Act 43 into law requiring all independent contractors (ICs) who reside outside of the state of PA—but receive a 1099 for work they did inside PA—to pay extra state withholding tax of 3.07 percent. By law, any contracting company that contracts ICs to work in PA must make sure the extra 3.07 percent withholding is applied to any contractor that resides outside of PA.
 

WHAT’S THE IMPACT?

If you’re an Openforce client using IC Pay to manage and distribute settlements for independent contractors, the platform is already set up to help address these new requirements.

Here’s how it works and what you need to do in order to comply:

  1. Create a new pay type that applies the extra 3.07 percent to all of their PA commissions.
    This means you’ll have one pay type without the extra 3.07 percent and a duplicate pay time with all of the same commissions, but also has the extra 3.07 percent withholding.
  2. Submit commissions as usual, but report PA commissions under the new pay type.
    We’ll take care of the details. So, for contractors that performed work in PA, Openforce will confirm their address on file. If the address is outside of PA, we will apply the extra 3.07 percent withholding on their commission.

Unsure if PA’s Act 43 impacts your business? Check out these helpful links for more information:


Are you an Openforce client that falls into this category, but have yet to apply the new PA pay type?
 

Please reach out to your Settlement Specialist or email
CustomerSupport@oforce.com
for immediate setup today.

 

IC Pay with ZayZoon Launched to Help Cash Flow of Independent Contractors

Openforce has partnered with ZayZoon, a responsible financing solution, to provide independent contractors access to their settlement funds ahead of scheduled payment. For a small fee, this new service, offered through ZayZoon and integrated with Openforce’s IC Pay, provides on-demand access to upcoming settlement payments*. As a result, independent contractors can improve their access to cash, while escaping the exorbitant rates common to the payday lending industry.

Some Facts

 

IC PAY & ZAYZOON SOLUTION

Available to Openforce members using IC Pay, this benefit is designed to help contractors keep their independent businesses running while avoiding credit card advances, high borrowing fees, payday loan processes and inconvenience. And if you’re a contracting company that is already doing advances for independent contractors, IC Pay eliminates all the administrative work and provides a much better practice in support of proper IC contracting.

Contractor Benefits
  • No credit checks.
  • Fast sign up, and all made possible by a trusted integration with Openforce’s IC Pay.
  • Funds sent directly to their bank account.
  • Full customer support.
Contracting Company Benefits
  • No-cost benefit available to independent contractors.
  • No burden of guaranteeing re-payment.
  • Secure integration with IC Pay services already in place.
  • Repayment automatically deducts from the IC’s next settlement.
  • Helps independent contractors stay contracted by managing their cash flow challenges.

As part of Openforce’s Member Benefits program, contractors using IC Pay can sign up with ZayZoon and receive early settlement transfers. Signup takes less than a minute, and contractors can immediately see how much money they’re able to access, and to have the money transferred into their bank account on the same day. The contracting company is not involved in providing early access to funds.
 

HOW TO GET STARTED

  • Independent contractors receiving settlements through IC Pay can get started immediately by accessing ZayZoon in their IC Portal in Member Benefits.
  • Openforce clients using IC Pay don’t need to do a thing. Contractors receiving settlements through IC Pay may elect to take advantage of this new program as they need it.

If you’re new to IC Pay, and in need of a payment platform that flexes with your on-demand workforce, we’re ready to help. In addition to superior settlement services, Openforce goes a step further to equip contractors with highly personalized tools and benefits like ZayZoon to help grow their business and stay contracted.

*Settlement-advance amounts vary based on settlement cycle and settlement history in IC Pay.
 

CONTACT US TODAY