compliance

compliance

Waymark Tech Receives “Highly Commended” Recognition in the A-Team Innovation Awards

Waymark Tech is thrilled to have been highly commended in the renowned A-Team Innovation Awards 2021, in the category: Most Innovative Regulatory Compliance Monitoring / Management solution.

Mark Holmes, CEO of Waymark Tech, said, “The A-Team Innovation Awards run a thorough and competitive process, so receiving this commendation and being recognised by A-Team’s judges is a great achievement by the Waymark team. This is not only testament to the benefits our service gives users, but also to the hard work of our team. We are continuing to innovate to ensure that keeping up-to-date with changing regulatory and compliance burdens is made simple, quick, and cost-effective.”

Waymark’s entry described a project delivered in partnership with Governor Software. The project delivered a streamlined solution for an international bank looking to overhaul regulatory governance, oversight, and change management across multiple units. Waymark’s technology is providing automated updates to regulatory requirements that are feeding into the organisation whenever changes occur.
A-Team Group launched their Innovation Awards to recognise outstanding performance by vendors of data and tech solutions for the financial services industry, their focus being on RegTech, Data Management and Trading Technology solutions. Waymark’s tools deliver cost and speed benefits to managing regulatory change and are helping with the digital transformation of compliance functions within financial institutions in several global markets. Using Waymark’s “Wayfinder” platform creates a simplified and efficient regulatory change process for compliance teams, and peace of mind for senior management.

About Waymark Tech
Waymark Tech is a UK-based RegTech firm that provides global regulatory insight and analytics to public and private sector organisations. Driven by a combination of innovative technology and human expertise, Waymark’s award-winning natural language processing capabilities are used by a range of institutions, including policymakers in UK Government, regulators and supervisors, professional service firms, and financial institutions. Read more about Waymark at www.waymark.tech.

About Governor
Governor Software supports senior risk and compliance executives at financial institutions to maintain governance and oversight through clear visualisation of their regulatory obligations and risk appetite. Founded in 2015 by CEO Richard Pike, the Governor Software team have first-hand experience of the production and oversight of governance information within financial institutions. They believe the opportunity for compliance and risk professionals to make these actions a more robust and effective process is significant. For more information visit: http://governorsoftware.com

Vital compliance checks for business owners coming out of Coronavirus lockdown


Businesses will soon be planning to reopen and get their employees back to work after the government announces the new workplace rules later this week.

These rules are likely to include social distancing, wearing of personal protective equipment, and the possibility of staggering work times.

One area of importance is how private and company vehicles are going to be used by employees and contractors. Many people have not driven their vehicles for several weeks, which highlights extended risks for both employees and Company Directors.

In Wuhan China, it has been reported there has been a 32% increase in the use of private cars from public transport, because personal vehicles were seen to be safer.

There are some vital checks which should be carried out by business owners and drivers as we prepare to come out of lockdown.

Vehicles have now been parked up in workplaces and outside people’s homes throughout lockdown and we should all take time to review our current procedures on vehicle and driver checks to stay within the law and make sure that employees are safely put back on the roads. This include vehicle checks for defects and roadworthiness and driver checks on health & wellbeing as well as licensing.

It’s important to remember this doesn’t just concern employees with company owned vehicles but also the Grey Fleet drivers who are the employees that use their own vehicles whilst on company business, an area which is still miss understood by many. In a recent’ Driving for Better Business’ survey, 60% of Senior Executives said they ‘didn’t know about the grey fleet’ or ‘how big it was’ in their business.

Health & Safety Laws require that all employers show the same ‘duty of care’ to employees driving their own private vehicles as they do for company-owned, leased or hired vehicles. Employers have a legal obligation to ensure all vehicles used for work purposes, irrespective of who owns them are safe and properly maintained and that drivers are licensed and insured.

Rebecca Hall Managing Director of HH Driveright commented, “We all have a duty of care to make sure that we put safety first for anyone driving any type of vehicle whilst on company time, including both employees and contractors. Having the correct processes in place for checking and reporting is very important. You wouldn’t put people at risk asking them to drive 5 or even 100 miles to see a customer without checking first that are fit to drive, their vehicle is in roadworthy condition without any defects and they have the correct licence and insurance in place. With the current lockdown being in place since March 23rd, its even more important to get on top of processes for people returning to the new normal.”

At Fleet Live in October 2019, we learned that only 38% of Directors regularly check their drivers have the correct insurance and 50% of all vehicles on UK roads are used for business purposes.

Think about your own organisation, have you got a way to keep track of the vehicles used by employees or contractors? You should keep as a minimum:
• Insurance details including business cover for those employees using their own vehicles for work related journeys other than just commuting
• Vehicle maintenance checks such as oil and brake fluid levels
• Roadworthiness including defects, windscreens, tyres etc
• Road tax validity

Checking drivers every day will reduce the risks of incidents taking place. Make sure that every driver is fit to drive and put in place a way to monitor individual driving behaviours, which can result in further education or wellbeing support. These checks should include:
• Licence validity
• Age and the drivers experience
• Health issues and alcohol or drug use
• Driver behaviours such as speeding, harsh braking and using a mobile phone

Keeping a track on your drivers and vehicles requires responsibility and accountability. Checks can be completed and recorded on manual systems such as using spreadsheets, but as your fleet and drivers increase it would make sense to look at a more efficient method which could be the introduction of a tech system such as the HH Driveright service.

HH Driveright is a comprehensive service, using the latest technology including a driver’s app to provide a total and secure solution for managing vehicle fleets and drivers. The system has a secure database which allows organisations to maintain, retrieve and analyse all vehicles, drivers and claims management data in one place. It also has a unique innovative security system allowing vehicles to be fully protected against theft and hijack, which offers both automatic and remote immobilisation. In addition, it monitors vehicles for safety issues, predictive maintenance services and reports both driving and vehicle insights. Another great feature is the ‘Online School of Excellence’ a platform to deliver driver training & continuous development.

HH Driveright is excellent value for money starting at just £5.50 per vehicle per month. More information can be found at https://www.hhdriveright.com where you can also request an online demonstration.

In summary, please do not forget your drivers and vehicles when you are coming out of lockdown, including the grey fleet, employees who use their own vehicles on company business. Make sure that the necessary checks are carried out to keep everyone safe.

About HH Driveright

HH Driveright offers a comprehensive service, using the latest technology to provide a total and secure solution for managing your vehicle fleet and drivers, including those that use their own vehicles for business purposes (grey fleet).

Our versatile App, security system and dynamic database will give you complete control of your vehicles and drivers in real-time, reducing vehicle thefts, improving driving behaviours, streamlining your daily compliance procedures and eliminating that time-consuming paperwork. Our secure database allows you to maintain, retrieve and analyse all your data in one place.

Our ‘Online School of Excellence’ creates a pathway for driver training & continuous development and Driveright Consult provides you with a one stop shop for all audit and compliance requirements.

Contacts
Rebecca Hall, Managing Director
Email: rebeccah@hhdriveright.com
Telephone: 01937 830 144
Website: https://www.hhdriveright.com/
Address: HH Driveright, 5 Fusion Court, Garforth, Leeds, LS25 2GH

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