Our compliance management system is an effective automation solution created to help companies automate regulatory compliance related tasks. It offers a complete platform that enables businesses to actively follow-up and close compliance issues before they have any financial or reputational impact on the organization.
Platform
The system is web-based and hosted on the cloud. Each client enjoys an individually hosted database under a dedicated domain that can be accessed by all teams across all geographies. Locally hosted versions of the system are also available as per client needs.
Regulations Library
The Regulations Library is a repository of each regulation published by the regulator. The library can be augmented as and when new regulations, guidelines or instructions are issue by relevant authorities.
Regulatory Instructions and Assignments
Instructions can be broken down by paragraphs or phrases based on requirement and linked with relevant regulations and stakeholders for further processing.
Regulation Status
Categories prescribed by the regulators are pre-buit into the system. This helps in aligning progress of each instruction and reporting to the regulator.
Alerts Management
The system generates email alerts for all open items. Alerts can be programmed on daily, weekly, monthly and annually. Alerts are targeted to preset recipients and can be switched on and off by admin.
Action Management
All components by default come with action management including target dates to allow items to be actively followed-up for closure.
Audit Trail
All changes are captured and logged to ensure an end-to-end audit trail.