Fact sheet

Accurate Billing Calculations for Your Extended Workforce

March 30, 2017

Organizations have a range of complex ways of calculating bill rates for non-employee workers that involve many variables, such as coefficients, markups, statutory costs, and other rate components. Too often these complexities lead to discrepancies between anticipated costs and actual supplier invoices.

To prevent the problems these discrepancies can cause, Beeline offers its exclusive trueRATE pre-configured bill rate calculator. With trueRATE, Beeline provides complete visibility into every variable that makes up the bill rate, so you never have to wonder how the system calculated the final numbers on your invoices.

Learn how trueRATE calculates complex rate components to convert pay rates into bill rates
Read about the mandatory fees some countries require when engaging non-employee workers
Understand how trueRATE accounts for geographical, industry, resource type, and job title variations that can influence the bill rate

Too many human resources and procurement professionals find themselves managing their bill rates outside their VMS, using spreadsheets and other inconvenient methods to calculate their invoices. In other cases, hiring managers may find themselves using a basic calculator tool within a VMS, but with no insight into statutory components and markups, simply trusting the system to calculate costs correctly.

With Beeline, clients automatically receive the benefit of using trueRATE—Beeline’s exclusive, pre-configured bill rate calculator—to accurately determine bill rates based on the appropriate variables for their program.

In this data sheet, you will read how trueRATE can give you negotiating power and flexibility to manage your invoices effectively.

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