About Elance
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The Elance Remote Work System™ Provides Small Businesses with Tools and Best Practices for Effectively Managing Remote Work
Mountain View, Calif. – Aug 4, 2008 — Elance, where businesses hire and work with qualified professionals to get work done, announced today that its customers have completed more than $100 million in billings since 2006 and that its professional network has grown to more than 100,000 service providers. In addition, to accelerate this dramatic growth, the company is introducing today the Elance Remote Work System (TM), a complete solution for remote work that integrates communication, collaboration, reporting, payment and feedback between Elance employers and service providers.
Elance is experiencing record year over year growth, with the number of new jobs posted now averaging 20,000 per month and billings up by 65 percent, as more businesses hire "on-demand" to maintain flexibility and remain competitive in an uncertain economy. Similarly, more and more independent professionals and small service firms are using Elance to capitalize on the trend of distributed work and are getting paid for delivering their specialized skills every day.
"The Internet is rapidly transforming the world of work," said Fabio Rosati, CEO of Elance. "To develop the Elance Remote Work System we studied best practices in traditional workplaces, observed thousands of remote work engagements and involved our customers. With the Elance Remote Work System, we're making a huge first step toward making hiring and working online even more reliable and efficient than traditional practices."
The Elance Remote Work System™
The Elance Remote Work System provides employers and service providers working together a standardized process to set up and manage remote engagements, track milestones, deliverables and hours worked, share documents and ideas, all the while automating administrative tasks like invoicing, payments and 1099 tax forms. By bringing more transparency and structure to the work process, the Elance Remote Work System enables higher quality results. Key elements of the Elance Remote Work System include:
-- Workrooms: Workrooms enable real-time interviewing, proposal evaluation, hiring and collaboration. As central repositories for each job, the workrooms help businesses to manage one or many remote work engagements.
-- Status Reporting: Status reporting helps providers systematically manage customer expectations and customer satisfaction by tracking and documenting progress as work is performed, and by communicating job status
on a weekly basis.
-- One-click Invoicing: Service providers can convert status reports into invoices and supporting documentation with one click. In conjunction with Elance's Escrow and 1099 tax services, businesses can bill and pay for work performed with complete confidence.
Small Businesses Powered by Elance
Nick Dalton is CEO of 360mind, Inc., an iPhone SDK Development business. "Elance has helped me greatly expand my business and I've grown from a single developer to a team of six since joining Elance as a provider," said Dalton. "When your company is growing this rapidly you have little time for administrative tasks. The Elance Remote Work System makes it easy to get work done and manage clients. With one-click invoicing, my weekly status reporting and time tracking are instantly integrated into a professional invoice. This gives my clients all the information they need and reduces the time spent on tracking and reporting."
Jonathan Fleming & Associates is real estate company that regularly utilizes Elance to hire programmers, designers, writers and administrative professionals. "Finding and hiring the right person for a specific job can be a stressful and time consuming process," said Jonathan Fleming. "The Elance Remote Work System enables me to evaluate, interview and hire the best talent quickly and easily, while at the same time making it simple to stay on top of projects already in progress."
About Elance, Inc.
With the largest network of rated and certified technology and creative experts, Elance helps businesses succeed by getting them the timely and specialized skills they need to get work done. Elance facilitates the entire work process from hiring to collaboration to payment. Businesses use Elance to achieve more by delegating work to qualified service professionals when needed. Service professionals use Elance to get jobs and
make money doing what they do best. The company is privately-held and headquartered in Mountain View, California. For more information, visit Elance at http://www.elance.com.
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Elance and the Elance logo are trademarks or registered trademarks of Elance, Inc. in the United States and other countries.
Media Contact:
Emily Call Borders
Borders+Gratehouse
emily@bordersandgratehouse.com
