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4 minutes

Celebrating 5 Years of Deel Contractor

Deel news

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Author

Alex Bouaziz

Published

August 21, 2024

Last Update

November 11, 2024

5 years of Deel Contractor
Table of Contents

1. Onboarding international contractors at scale

2. Managing contractors with ease

3. Processing global payments without barriers

4. Building an excellent contractor experience

5. Making quick work of compliance

New product names

Thank you to our customers

Today marks a big milestone for Deel Contractor (formerly Deel Contractor Management) as we celebrate its fifth anniversary. Over the past five years, we’ve helped enable seamless collaboration between companies and independent contractors, with more than 35,000 customers using Deel Contractor to save a total of 18,000 years on onboarding and 12,500 years processing contractor payments. But, most importantly, we’ve helped over 500,000 contractors work with some of the world’s best companies while ensuring an exceptional and compliant experience.

Deel Contractor was the first product that we shipped, and today, we’re the #1 Contractor Management platform on G2. We’re so proud of the progress we’ve made. As we launch into the next 5 years of Deel Contractor, we wanted to put a spotlight on the 5 most groundbreaking features we’ve rolled out in the last 5 years. From our early days as a compliant contractor payment platform to launching the very first Continuous Compliance offering, each has shaped the Deel you know today.

Leaders in Contractor Management

1. Onboarding international contractors at scale

Five years ago, there was no readymade solution for those juggling multiple onboardings in different countries. We built an intuitive and flexible onboarding flow that automates manual tasks and reduces onboarding to 2 minutes.

With a few clicks, you can generate, sign, and manage locally compliant contracts in seconds. Plus, run background checks, provision equipment, allocate equity programs, configure app access, and much more.

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Experience the fastest way to onboard contractors

2. Managing contractors with ease

Multiple contractor management platforms and scattered information leads to errors, inefficient processes, and compliance risks. With Deel, you can store all contractor agreements, compliance documents, personal details, equity grants, and more in one location. Plus, taxes can be filed lightning fast, all from your dashboard.

“Since launching with Deel, we’ve easily saved more than 100 work hours by streamlining repetitive or redundant tasks for our HR and Finance teams.”

Flo Alcasas,

Head of People at Yodo

3. Processing global payments without barriers

Processing payments for global contractors has always been a pain, whether it’s currencies, payment methods, fees, exchange rates, or invoices. Deel flipped the script. Your invoices are automatically generated, global payments are swiftly processed in bulk, and contractors can choose their preferred withdrawal method or use the Deel Card to spend their funds.

"[Using] Excel, the review, the approval, and the whole payroll process used to take 3 to 4 days. With Deel, it only takes me 10 minutes; plus I can upload bonuses with a click."

Sandra Leon,

Operations Coordinator at EasyBroker

See how to pay all contractors in 3 simple steps

4. Building an excellent contractor experience

We know that contractor satisfaction is a must. Our intuitive platform lets contractors access their contracts and agreement details, receive streamlined payments in 120+ currencies with 8+ methods, and get a spend card for global use. We’ve also allowed contractors to choose when they get paid with flexible paydays, in addition to additional perks, discounts, and 24/7 support.

“One of the comments I hear most often is how easy it is to receive and withdraw funds in so many currencies. We also have people taking advantage of the many perks and other unique offerings such as the Deel Card and Deel Advance,”

Flo Alcasas,

Head of People at Yodo

5. Making quick work of compliance

When we first started, we quickly realized how crucial compliance was for our customers and that no tools on the market were equipped to handle the complexity of compliance in a global hiring setting. As countries’ laws and regulations continuously evolve—with governments introducing new labor rules, updating tax laws, and changing employment standards—ensuring our clients have the right compliance tools at every stage of the worker lifecycle became a top priority.

We started with compliance from onboarding and built a simple yet comprehensive flow that helps companies avoid compliance risks from day one. We introduced on-platform localized contractors and compliance docs to meet local legal requirements, KYC processes and the only tool that makes it possible to run background checks globally in just a few clicks making us already the most advanced compliance offering in the market. Continuous Compliance was the next step. We launched the Compliance Hub that enables any team to track and stay ahead of legislative changes and misclassification risks to ensure HR and payroll compliance wherever you hire.

And for companies looking for the utmost peace of mind when managing contractors we launched Deel Shield, now Deel Contractor of Record where we assess each contractor’s classification and become their agent of record, taking on the liability for employers.

See how we keep you compliant in 150 countries

New product names

Over the past five years, Deel for contractors has grown, adapted, and evolved to meet the needs of our clients. To better reflect our current and future products, we’re happy to announce that our offering will now have two new names that better capture the essence of the product:

Deel Contractor A tool that helps to compliantly onboard, manage and pay international contractors at scale with an effortless self-serve platform, while saving days worth of admin time. With Deel Contractor you can leverage the Deel AI-powered classification tool and the compliance hub to keep up to date on the most recent regulatory changes, accurately classify workers and ensure continuous compliance.

Deel Contractor of Record. Let Deel hire and classify contractors on your behalf and prevent misclassification risks no matter where you source talent. With Deel Contractor of Record you get continuous compliance in auto-pilot and liability coverage that will give you the peace of mind to grow your workforce globally.

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Thank you to our customers

Looking back, we are beyond grateful to our customers who have been pivotal in our growth. We remain committed to continuously improving our products and supporting your company and team success. Because at the end of the day Deel is more than a platform; we're a partner in your global growth.

Thank you for being an integral part of Deel.

Alex Bouaziz CEO & Co-founder, Deel

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About the author

Alex Bouaziz is the co-founder and CEO of Deel, the all-in-one HR and payroll platform for global teams. Founded in 2019, Deel’s technology helps companies simplify every aspect of scaling and managing an international workforce, from culture and onboarding, to local payroll and compliance. In five years, the company has grown to 3500+ team members worldwide in over 100 different countries and raised over $600 million in funding. It has 35,000-plus customers, including Reddit, Klarna, and Cloudflare.

Alex grew up in Paris and graduated from Technion and then MIT with a Masters in Civil and Environmental Engineering. Prior to Deel, Alex co-founded investment fund Sarona Ventures.

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