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Tensor Labs
Tensor Labs, a software company building apps that power the future of internet finance, aimed to onboard talent from around the globe to stay competitive in the fast-paced Web3 industry. They faced challenges in tracking contractor work hours, managing expenses, and ensuring accurate payments across different countries.
98
%
Increase in Payment Accuracy
40
%
Reduction in Administrative Tasks
75
%
Reduction in Contractor Management Effort
Pain Points Before Niural
Time Tracking Issues
Without a reliable system, tracking contractor working hours was inconsistent, leading to disputes over invoices and payments.
Global Onboarding Challenges
Varying global regulations and documentation requirements made onboarding international talent increasingly slow and complicated.
Expense Management Difficulties
Tracking and reimbursing expenses lacked transparency and efficiency, causing delays and frustration among contractors.
Benefits After Niural
Efficient Timesheet Management
Niural's timesheet tool provided accurate tracking of contractor hours, increasing payment accuracy by 98%.
Streamlined Global Onboarding
Utilizing EOR and AOR services, Tensor accelerated the onboarding process for international contractors, enhancing their ability to attract global talent.
Improved Expense Tracking
Niural's expense management feature simplified the process, reducing administrative tasks by 40% and ensuring timely reimbursements.
Conclusion
By partnering with Niural, Tensor Labs efficiently managed its global contractor network, ensuring secure operations and fostering innovation in the competitive Web3 environment. The comprehensive solutions provided by Niural contributed to Tensor's compliant growth and success in the blockchain industry.