Compliance Management Solution

Overview

In the ever-evolving regulatory landscape, businesses face increasing challenges in meeting compliance requirements. The Board, C-suite, Company Secretaries, General Counsels, and Auditors are tasked with the responsibility of ensuring compliance with all applicable laws relating to the Central, State, Municipal and Overseas levels and establishing a clear responsibility matrix.

At BDO India, we understand the significance of comprehensive and timely compliance and offer businesses a robust Compliance Management solution—a unique regulatory technology service—in collaboration with a Technology Partner. Designed to be user-friendly, the platform helps organisations stay updated with regulatory updates and enables compliance management across multiple geographies and entities.

This solution provides organisations with access to a bespoke repository of compliance obligations, a workflow-based certification for assuring the Board and the leadership team, a dashboard for senior management, third-party compliance risk management, secretarial procedure details, etc.

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How BDO India Can Help

The Compliance Management Solution helps organisations through a combination of precise and outcome-based features.

The solution is scalable and can manage multiple geographies and entities from a single, user-friendly dashboard. This feature streamlines compliance processes, saving time and resources.

The integrated regulatory intelligence offers a comprehensive understanding of the latest business regulations, trade laws, and compliance requirements. The solution adopts a modular approach, categorising compliance into one-time, recurring, ongoing, and event-based for more efficient management.

The solution is delivered as a software-as-a-service (SaaS) model, providing an easily accessible and secure platform. With cloud-based technology, it can be accessed from anywhere, at any time, allowing seamless collaboration and data sharing within the organisation.

Dedicated legal experts offer real-time assistance and proactive monitoring. The implementation of an Integrated Ticket Management System, surveys, and client and end-user training enhances Post Go-Live Support. BDO's global presence further empowers us to effectively cater to clients on a global scale.

Compliance Categories

The Compliance Management Solution covers varied obligations that a business needs to comply with, across:

Compliance Description: Section, Paragraph, Rule, Frequency, Filing Requirements, Filing Type, Form Copy, Penalty Type, Estimated Penalty Amount, Risk Categorization, Events, Compliance Type, Category, Additional Information.

Key Terminologies as defined in an act and rules with Section reference.

Act Documents: Copy of Bare Act, Rules, Forms, Formats, etc.

Regulatory Updates: Circulars, Clarifications, Notifications, Press Releases, Amendments, Schedules, Ordinances, Guidelines, etc.

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