Managing ASIC compliance across multiple companies can be time-consuming for accounting firms. Annual reviews, client approvals, signatures, payments and follow-ups often involve repetitive administrative work.
Waive is an ASIC compliance platform designed to help accounting firms streamline these processes and manage company compliance more efficiently.
What is Waive?
Waive is a cloud-based platform designed specifically to simplify ASIC compliance and corporate administration.
It helps accounting firms manage compliance tasks through a centralised system, reducing the need for spreadsheets, manual reminders and lengthy email follow-ups.
The platform is designed to help firms manage annual reviews, client communication, approvals, payments and other ASIC-related workflows in one place.
Key Features of Waive
Automated Annual Review Workflows
Waive helps streamline the annual review process by automating key steps and keeping compliance tasks organised.
Firms can manage upcoming reviews, communicate with clients and track outstanding actions without having to manage every step manually.
Automated Client Reminders
Following up with clients for approvals, signatures or information can take considerable time.
Waive provides automated reminders to help keep clients informed about outstanding compliance actions and reduce repetitive follow-ups.
Centralised Compliance Management
Instead of relying on separate spreadsheets, emails and calendars, firms can manage compliance activities through a centralised platform.
This provides greater visibility into upcoming reviews, outstanding tasks and completed activities.
Digital Approvals and Signatures
Waive supports digital workflows for obtaining client approvals and signatures, helping reduce paper-based processes and unnecessary email exchanges.
Payment Management
Payment collection can also be incorporated into the compliance workflow, helping firms track outstanding payments and keep the process moving.
Bulk Processing
For accounting firms managing large client portfolios, bulk processing can help teams handle multiple compliance activities more efficiently rather than processing every company individually.
Waive and ASIC Integration
Waive is designed to work with ASIC’s EDGE service, helping bring relevant company information and reports into the platform.
This can give accounting teams easier access to the information they need while managing corporate compliance.
Benefits for Accounting Firms
Waive can help accounting firms:
- Reduce repetitive administrative work
- Automate client reminders and follow-ups
- Manage annual reviews more efficiently
- Improve visibility across compliance tasks
- Simplify approvals and signatures
- Manage payments within the workflow
- Handle larger client portfolios more efficiently
For firms managing a high volume of companies, bringing these activities into one workflow can help reduce administrative pressure and allow staff to focus on higher-value client work.
Who Can Benefit from Waive?
Waive can be particularly useful for:
- Accounting firms
- Tax and business advisory practices
- Corporate compliance teams
- Firms managing large numbers of companies
- Professionals looking to reduce manual ASIC administration
It can be especially valuable for practices that are still relying heavily on spreadsheets, email reminders and manual follow-ups.
ASIC compliance involves more than simply completing a lodgement. Managing client communication, approvals, signatures, payments and deadlines can create significant administrative work for accounting firms.
Waive brings these activities together into a technology-enabled workflow, helping firms automate routine tasks, improve visibility and manage ASIC compliance more efficiently.
For accounting firms looking to reduce manual administration and create a more streamlined corporate compliance process, Waive is a software solution worth exploring.
Credits
Ahamed Azmaan M B, Services Management Team