What is compliance?
Compliance is a term used to describe being in accordance with established guidelines or specifications, or the process of becoming so. Compliance can also include efforts to ensure a business is following both industry regulations and government legislation.
What are the consequences of being non-compliant?
- Fines
- Reputational damage
- Loss of business
- Legal consequences
How to avoid the consequences of being non-compliant?
Regardless of the size of your business, it is important to have a comprehensive approach to compliance. It is advisable to get support from industry experts on compliance to ensure you are staying on top of the latest risks and applying the best practices.
If you are currently managing your compliance with a manual, document-heavy process – you are immediately increasing your risk of operating non-compliantly. You should consider a compliance platform that can help you reduce your risk potential.
Confident compliance with Wise
Wise is the market leading onboarding, payments and compliance platform. We’re here to help businesses safeguard against legal complications, prevent penalties and ensure compliance.
What can the Wise Platform do?
- Contract review / creation – Our specialist compliance team is on hand to review and enhance your contracts or even create a tailored, compliant contract for your business.
- E-signature technology – The Wise Platform has been created to make being compliant as easy as possible, our software sends automatic notifications to your drivers every 10 months to resign their Service Level Agreement
- Audit packs – All documents that have been uploaded by taxi drivers can be downloaded into an audit pack for carriers or HMRC.
- Document storage – The Wise Platform enables you to store documents with limitless capacity, you can never run out of space! This means, drivers’ right to work, insurance documents, driving licences etc can all be stored safely and securely in one place, with easy access.
Not only this, we also have in-house compliance experts who are always on hand to support you with:
- Service Level Agreement (SLA) advice
- Guidance on best practices around contracts and status
- What to charge your drivers
- Correct on-the-ground pointers
How to get started?
To get started with Wise, it’s pretty easy! Contact us here.
