Vendor Compliance Services
Vendor Compliance Services
Vendor Compliance Services ensure your business maintains high standards by managing vendor relationships, contracts, and compliance with all regulatory requirements efficiently and accurately.
Who Needs Vendor Compliance Services?
Vendor Compliance Services are essential for small and large businesses across various industries including manufacturing, construction, IT, healthcare, and hospitality. These services are particularly critical for companies operating under strict labour laws and regulations related to contract workers. Aparajitha’s Vendor Compliance Services are crafted for all stakeholders, including the principal employer, the contract workforce, and the contractor.
Possible Consequences of Vendor Non-Compliance
- Absorption of the contract labourers
- Payment of arrears of contribution with interest
- Fine/Imprisonment
- Prosecution of the employer or board of directors
Our EHS Comprehensive Services
- Ensure Contractor Compliance in Factories, Establishments, and Greenfield & Brownfield project Sites
- Offer customised service models for each category of establishments
- Regulate entry and exit of contract labourers for compliance purposes
- Ensure CLRA (Contract Labour Regulation and Abolition Act) compliance in factories, establishments, and construction sites
- Amendment of Principal Employer Registration Certificates
- Preparation and maintenance of Statutory Registers for each contractor
- Handling inspections & notices
- Submission of Statutory Returns for each contractor
- Ensure EPF/ESI compliance for the contractors
- Maintenance of records, registers, forms & notices under various legislations
- Ensure minimum wages and timely remittance of ESIC, EPF, and LWF payments
- Coordination support for availing benefits from ESIC & EPT
- Ensure compliance under BOCW Act and ISMA Act
- Extend accident-related compliance for contract workers
- Facilitate retirement or terminal benefits for contract workers
Why Do You Need Vendor Compliance Services?
- Legal Compliance
- Risk Management
- Cost Savings
- Ethical Responsibility
Mitigate Compliance Risks through Simpliance’s GRC platform
Our services include Simpliance’s Vendor Compliance Product suite, designed to:
- Track and monitor Vendor compliance tasks
- Gain real-time insights through reports and dashboards
- Manage regulatory changes effortlessly
- End-to-end digitalised attendance monitoring system to capture entry, work hours, and exit of contract workers
- A centralised, cloud-based system for contractors and principal employers to track attendance, generate statutory registers, process contractor’s payroll and view reports
With Simpliance, you can ensure your vendor operations remain compliant effortlessly while gaining a comprehensive overview of your compliance status at all times.
Book a demo today to see how Simpliance can transform your Vendor, Governance, Risk, and Compliance management!
Frequently asked questions
What is a vendor compliance?
Vendor compliance refers to the adherence of contractors to applicable labour laws & regulations. It ensures that vendors meet the compliance requirements related to quality, safety & ethics, as mentioned by the law. Effective vendor compliance helps companies maintain operational standards, minimize risks, and prevents exposure to penalties imposed on the principal employer
Why is vendor compliance important?
Vendor compliance is crucial for:
- Legal Compliance
- Risk Management
- Cost Savings
- Ethical Responsibility
Mines Compliance Services ensure your mining operations meet all regulatory requirements by managing safety, environmental, and community engagement standards efficiently...Learn More
Flexi Staffing Services provide a flexible, cost-effective solution for businesses to manage their workforce needs, offering scalability without high overhead...Learn More
Our Industrial Licensing Services help obtain industrial Licenses and comply with laws on the environment, trade Licenses, signage Licenses, FSSAI...Learn More
Vendor Compliance Services ensure your business maintains high standards by managing vendor relationships, contracts, and compliance with all regulatory requirements...Learn More
Factory Compliance Services ensure your manufacturing plants, warehouses, and other industrial operations meet all regulatory requirements by managing safety, environmental,...Learn More
Establishment Compliance Services ensure your business operates legally and smoothly by managing licenses, labor laws, statutory records, and reports....Learn More
Payroll Services ensure your organization's payroll processes are efficient, accurate, and compliant with all regulatory requirements....Learn More
Payroll Compliance Services ensure your business meets all regulatory requirements by managing PF, ESIC, Professional Tax (PT), and Labour Welfare...Learn More