ABOUT US
PARTNERING WITH SAFEREC
Providing unprecedented transparency and verification in the payroll supply chain
JOIN OUR TEAM
BoostPay work with SafeRec, a technology and consultancy company that offers AI-driven automated solutions for umbrella and payroll compliance. This partnership further advances how we demonstrates compliance to recruitment agencies, end clients, and workers, providing unprecedented transparency and verification in the payroll supply chain.
SafeRec's certification process is built on five fundamental principles, with real-time forensic audits at its core. The system conducts real-time auditing of payments, monthly reconciliations against Real-Time Information (RTI) submissions, and cross-referencing with HMRC tax accounts. This comprehensive approach ensures that every payment we eprocesses meets HMRC standards and that taxes are calculated accurately and paid correctly.
TRANSPARENCY FOR AGENCIES
For recruitment agencies working with BoostPay, this partnership delivers tangible benefits. Agencies receive monthly audit reports that provide crucial insights into contractor payroll, allowing them to verify that workers are being paid correctly and compliantly. These reports offer agencies concrete proof of their due diligence efforts, which is particularly valuable given the increasing regulatory scrutiny of umbrella payroll arrangements and the serious implications of the Criminal Finances Act 2017.
The risks for recruitment agencies referring candidates to non-compliant payroll providers are substantial, potentially resulting in severe punishment and irreparable reputational damage. BoostPay's work with SafeRec addresses these concerns by providing independent verification that eliminates the guesswork from supply chain compliance. Agencies no longer need to rely solely on periodic audits or trust alone; instead, they receive ongoing, real-time confirmation that BoostPay operates to the highest compliance standards.
For workers, the SafeRec partnership provides additional confidence. Contractors receive automatically generated audit reports for every payslip, explaining whether deductions are compliant. This transparency ensures workers understand their pay and can verify they're being treated correctly, addressing longstanding concerns about opaque umbrella arrangements.
The technology behind SafeRec's compliance monitoring represents another step on in our compliance. Unlike traditional compliance audits that rely on periodic checks, SafeRec's system integrates directly with payroll software to verify every transaction as it is processed. This real-time verification means compliance issues are identified and addressed immediately rather than discovered weeks or months later during retrospective audits.
