If workforce agility defines competitive advantage, why are so many companies still managing their freelance talent like it's 1999? For many organisations, sourcing, hiring, and managing external talent at scale is an expensive and time-consuming process bogged down by outdated systems and limited talent pools.
Despite significant advancements in hiring practices, the supporting technology has lagged, with teams relying on 8-15 tools for various aspects of external workforce management. Fragmented data and the lack of integrated systems result in long hiring processes, manual errors, and informational silos.
In the face of evolving market conditions, organisations are finding traditional employment models too costly and inefficient. To bridge these gaps, platforms like Malt offer procurement and hiring managers a single place to directly search, project manage, pay, and scale operations across their organisation. Our new features empower hiring teams with greater control and visibility, reducing the time it takes to hire freelancers from days to seconds.
An Integrated Application Tracking System (ATS)
As the demand for specialised skills continues to grow, staying organised when managing hundreds of applications can be a daunting task for hiring teams. No one likes switching between spreadsheets, emails, and cross-checking profile skills. Oftentimes multiple team members are involved in the hiring process which means that without the right tools to keep everyone on the same page, friction arises creating silos and misalignment. Malt's collaborative candidate assessment, as part of our application tracking system (ATS), makes it easy for team members to access information in one place, ensuring everyone is aligned and informed. With our centralised ATS, users can staff freelancers faster and:
- Check candidate profiles, reviews, and rates at a glance
- Contact freelancers directly
- Share assessments between hiring managers
- Schedule interviews
- Receive hands-on support from Malt project partners to assist with complex projects
A Simple Interface for Everyone
When sourcing and managing an external workforce, organization is the key to success. We’ve built Malt to be simple and easy to use for every stakeholder in the experience – hiring managers, administrators, and freelancers can quickly handle key tasks. That’s why we’ve updated the project view to offer a more intuitive and simpler navigation. All the information a user needs is in one place, including project details, tasks, invoices, expenses, associated hiring managers, freelancers, and budget tracking.
Budgeting, the Easy Way
For recurring projects, users can easily check budgets and they get updated based on invoices getting paid. This ensures teams stay organized when it comes to tracking budgets, checking invoices are settled, and reducing manual work. By providing this level of financial intel, our users can avoid overspending and successfully manage their freelance projects.
Plug and Play into Your Tool Stack
Hiring teams deserve to have tools that empower them to work more efficiently. Companies that invest and implement the right internal processes and resources will be set up for long-term success.
Malt integrates with procurement platforms and over 85 enterprise resource planning (ERP) software, speeding up purchase processes and increasing teams’ security and control. To further push the boundaries of seamless integrations, we’re launching a new feature to provide automatic invoicing. This feature provides a 4x faster experience and reduces payment errors from 25% to 0% when creating purchase orders and invoices.
When users get a quote from freelancers on Malt, they send it to their purchasing system via our integration connection. As purchasing teams approve a quote, a purchase order number is generated. Once a project is completed, Malt automatically creates an invoice with the corresponding purchase order number and sends it back to the user’s purchasing system to ensure parity.
Today's most innovative companies are discovering a new competitive advantage: dynamic Superteams that blend internal expertise with agile external talent. These teams solve complex challenges with unprecedented speed and adaptability. None of this is possible without the right technology. At Malt, we’re committed to delivering exceptional value to both our freelancers and our clients. By investing in new technology and user-centered design, we’ll continue to innovate our solutions in ways that make hiring freelancers a no-brainer and empower companies across the globe to redefine their hiring strategies.
Ready to revolutionize your talent access strategy? Click here to explore our newest feature, AI Search to build your Superteams and make hiring freelancers a team sport.
