Insperity launches contractor management platform with Wingspan

NEW YORK - Insperity, Inc. (NYSE:NSP), a $2.15 billion market cap workforce management company with annual revenues exceeding $6.6 billion, has partnered with payments platform Wingspan to introduce a new contractor management solution, according to a press release issued Tuesday. According to InvestingPro data, the company has maintained dividend payments for 21 consecutive years, demonstrating consistent financial stability.

The new offering, called "Insperity Contractor Management powered by Wingspan," aims to streamline the entire contractor engagement process from onboarding to tax reporting for businesses working with independent contractors.

The platform automates several key processes including TIN verification, payments, and 1099 tax reporting compliance, consolidating these functions into a single system.

"The workforce is evolving, and our clients need solutions that evolve with it," said Kathy Johnson, Insperity executive vice president of strategic development, in the statement.

The solution was developed to address the needs of Insperity clients who regularly engage with independent contractors, a segment of the workforce that the companies expect to grow in coming years.

For contractors, the platform offers multiple payment options including ACH and instant transfers, along with real-time payment status tracking and optional insurance products.

Wingspan, which reports having processed over $3 billion in total payments, describes itself as the first modern payments platform specifically designed for independent contractors.

The partnership represents Insperity’s effort to expand its human resources and business performance solutions to better accommodate the growing contingent workforce, according to the press release.

In other recent news, Insperity Inc. disclosed its earnings for the first quarter of 2025, which did not meet market expectations. The company reported an adjusted earnings per share (EPS) of $1.57, significantly below the anticipated $2.02. However, Insperity’s revenue aligned with forecasts, coming in at 1.86 billion dollars. The earnings miss stands out as a significant development, indicating challenges in meeting analyst projections. While the revenue figures were consistent with predictions, the shortfall in EPS has garnered attention from investors and analysts alike. These recent developments highlight the company’s current financial performance and may influence future analyses by market experts.

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