For an organisation like Champion Contractors, which strives to provide a service based on high quality, best practice, and compliance, it's frustrating to hear reports of contractors, recruitment agencies, and their end-clients continually put at risk due to malpractice or illegal activities.
Enhancing our risk-free, transparent, and compliant payroll solution has been the motivation behind Champion Contractors recently securing SafeRec Umbrella Company certification.
Umbrella company audit and compliance checks on a new level.
SafeRec provides real-time payroll and payslip auditing functionality.
Through API integration with Champion's OctoPaye payroll software, SafeRec's real-time payslip audits remove any need for manual intervention or data migration. AI technology checks every payslip at source to ensure that all calculations and deductions are made in accordance with PAYE rules and principles.
The audit concludes with a cross-reference check with Champion's HMRC tax account to ensure that all deductions are subsequently paid to HMRC correctly.
The depth and accuracy of SafeRec's audit process takes compliance checks to a new level and significantly reduces the risk of financial loss that malpractice poses to contractors, agencies, and end-clients.
The need for transparency in the Umbrella sector.
SafeRec's audit reporting functionality addresses the need for transparency throughout the labour supply chain.
Champion's contractors, agency partners, and end-clients will all receive a regular payslip audit report independently generated from SafeRec's software.
- Contractors will receive a regular audit summary for every payslip that Champion has provided to them.
- Agencies will receive reports for all contractors working through Champion's umbrella solution.
The audit reports are recorded for future reference in case a review or investigation is needed. This level of transparency is unprecedented within the umbrella sector.
A legal and technical review of Umbrella companies.
In addition to SafeRec's forensic payslip audit and reporting capability, its Umbrella Company certification also includes a review of Champion's operational compliance. The review by an independent and regulated law firm, WTT Legal, includes regular vetting of Champion's contracts, policies and processes.
Champion Contractors' SafeRec certification means that all parties in the labour supply chain can progress confidently, knowing that Champion Contractors represent a safe, secure, and risk-free payroll option.
For further information, contact the Champion Contractors team on 0161 703 2549 or email info@championcontractors.co.uk.