Three Benefits of Outsourcing Compliance When Utilizing An Extended Workforce

Risk Management | September 29, 2021

Working with an extended workforce can come with its own set of complex problems to solve, but compliance management should not be one of them. Here is why outsourcing compliance for your contractors is the best option for your organization.

PlusOne Solutions Inc. provides compliance solutions for businesses that utilize contractor and vendor networks to help them reduce operational, reputational, and legal risks. While some organizations may choose to handle risk management internally, this is not a feasible solution for many others. In this blog, we will discuss three of the many benefits of outsourcing compliance for your extended workforce.

1. It Saves Money

The costs of outsourcing to a compliance solution provider are significantly less than hiring and maintaining a full-time internal compliance team. Additionally, depending on the size of your organization, there may not be sufficient need for a full-time compliance department, or even a single compliance specialist.

In this situation, it may be tempting to find someone in your organization and combine compliance management with their current role. But this will only pull them away from their existing tasks and place the extreme responsibility of compliance and risk management in the hands of someone with very little to no expertise in that area.

Besides saving money from a budgetary perspective, outsourcing compliance also ensures that your organization is actively working to reduce exposure to potential litigation, and be on the hook for any costs associated with faulty work or products. Lawsuits,settlements and denied insurance claims can be extremely costly, and a thorough compliance strategy can protect your company.

2.It Gives You Access to Compliance Experts

If your organization is handling compliance internally, you may be relying on a team that does not focus exclusively on contractor risk management. This means that if an issue were to come up, your internal team may not have the knowledge, or resources, available to resolve the problem.

When your organization is outsourcing compliance to the experts at PlusOne Solutions, it gives you access to a team that has seen it all when it comes to an extended workforce and compliance issues. The experience that our team of specialists has allows them to mitigate the risks that are associated with an organization’s contractor and vendor relationships.

3. It Gives You Access to Multiple Compliance Solutions

An internal compliance specialist may not have the ability to provide a complete list of compliance services, and may only focus on one or two areas of contractor compliance.

PlusOne Solutions utilizes a balanced and comprehensive approach to contractor and vendor risk management, which includes:

• COI Tracking
• TIN Matching
• Contractor Background Checks
• Continuous Criminal Monitoring
• License Tracking and Monitoring

These solutions work in tandem to provide certainty that your business is taking every possible step to prevent situations that could result in harm to your customers, your operations, and your reputation. Our solutions are fully customizable to meet the specific needs of your organization, and our primary goal is customer retention through strong, long-lasting relationships.

This testimonial that Tamara L. left for us is a prime example of the service we provide:

“PlusOne Solutions, through their screening and adjudication processes, provide peace of mind in knowing the job is well done and frees up my time to focus in other areas. The best part of working with PlusOne Solutions is their extraordinary customer service. I always receive a quick response to any questions or concerns and any issues I have are handled professionally and promptly. It is always a pleasure working with their staff! There are many benefits that we receive partnering with PlusOne Solutions! The customer service is top class! In addition, the services they provide fit our business needs as they provide comprehensive screening services that I trust! I would always recommend PlusOne Solutions. Their customer service stands out above any other company that I have used and this is priceless.”

The Compliance Solution You Need

Outsourcing compliance to someone who understands risk management in the contractor and vendor world, as well as the need to quickly and effectively process compliance documentation, can make all the difference in your organization’s strategy. Contact PlusOne Solutions today to learn more about how our solutions can meet the needs of your business.

Contents are provided for information purposes only and should not be construed as legal advice. Users are reminded to seek legal counsel with respect to their obligations and use of PlusOne Solutions services.

About PlusOne Solutions 

PlusOne Solutions has been an industry leader in the risk management field by specializing in compliance programs that meet the complex challenges of geographically dispersed contractors, vendors, and employee networks.

PlusOne Solutions protects companies from possible financial, legal, and reputational risks associated with contractor and vendor relationships while creating safer work environments. To learn more, visit https://www.PlusOneSolutions.net.