The business of companies offering compliance management software is growing
by Ishita Dewan Assisting Board in Governance & Compliance
The compliance environment in India and other country’s is increasingly becoming more dynamic and complex. There are multiple governmental bodies and regulatory authorities issuing new guidelines and rules pertaining to the functioning of the company. The presence of multiple bodies is the result of large scale frauds and malpractices being conducted by some Indian companies. Authorities are trying to ensure that the interest of shareholders and other stakeholders are protected through these regulation. A company secretary is responsible to ensure that the company is one hundred percent compliance ready. Compliance management software is able to accommodate all the compliance needs of companies operating in Indian and international market environment.
A good compliance management software in India will list down all the regular rules that need to be fulfilled by the company within a given timeline as well as the latest rules issued by multiple governing authorities along with the process to fulfill it and the timelines for fulfillment of the new compliance. This digital solution has become a life-saver for company secretaries across the world. It is helping the top management to effectively manage their compliance requirements. These products have good level of security protocol to ensure that the data remains securely accessible only though authorized login credentials.
There are many good compliance management solution providers in the Indian market and one of them is Axar Digital Pvt. Ltd. This Mumbai based software solution provider offers LegiLens, a software offering under its BiS (Business Information System) product bouquet to address the compliance pain points of a company secretary and the top management of a company. This product updates itself with the latest regulation protocol issued by authorities and share them it with the company secretary within two to three working days of its announcement. The software system also ensures that the company secretary is reminded about an impending deadline through a reminder notification system on his or her electronic gadget, so that they don’t miss any compliance deadline ever after.
Created on May 13th 2018 12:43. Viewed 352 times.