The Role of Compliance Management Software in Growth of your Business

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The Role of Compliance Management Software in
Growth of your business
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Surprises might be great, but not so much when it
comes to business. If you are maintaining your
compliances manually, thats probably what you
are living with. You know that you are up against
data driven enforcement and that you can no
longer protect the firm with a spreadsheet based
compliance program. Importance of Compliance in
Business When it comes to business and corporate
management, compliance refers to the company
obeying all of the legal laws and regulations in
regards to how they manage the business, their
staff and their treatment towards their
customers. Compliance issues become more complex
as your business grows. You will have expanded
responsibilities regarding your workers, covering
hiring, firing, discrimination, harassment,
safety, wages, payroll and benefits. The concept
of compliance is to make sure that corporations
act responsibly.
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• A powerful reason for implementing compliance
  technology is that it puts teeth into policies
  and procedures. Fulfilling the compliance needs
  helps to run your business smooth by
• Reducing Legal Problems
• Improved Operations
• Better Public Relations
• Higher Employee retention
• Which maintains and improves your reputation in
  the market.
• To keep track of all these different compliance
  requirements, it is important for a business to
  have a compliance kit. COMPLINITY is a
  governance, risk and compliance management
  software which helps to track and monitor all
  your risks and compliances.

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• It makes sure that you never miss compliance by
  providing the following features
• The software to track and monitor all your
  compliances.
• A comprehensive checklist covering 6000
  compliances across 600 central, state and
  industry specific laws applicable to your
  organization.
• Get real time updates and checklists for changes
  in laws.
• Assign accountability for each compliance.
• Get email alerts and escalations for compliance
  due dates.
• Maker-checker control.
• Gain real time visibility on compliance status
  for all offices, branches, factories, etc.
• Generate dashboards and compliance certificates
  for Board Reporting.

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• Get repository of all compliance challans, forms,
  returns and other documents submitted.
• Conduct Secretarial or Compliance audit through
  virtual data room.
• Track Assessments, Registrations, Licenses, IPR
  and much more.
• This Risk and Compliance Management Software is a
  complete package to keep you away from risk as
  per the Legal Compliances applicable in India.
  There are different laws in India that govern
  different activities. For example if you wish to
  start a business, then The Compliance Act 2013
  may be applicable. Legal compliance is statutory
  consistence keeping what the law has expressed in
  these acts.