Never Miss Compliance in 2020 - Let’s Plan for Compliance Tracking and Management


Posted January 3, 2020 by Sandip

Compliance nature in India is complex and bulky with regular changes. The number of registrations, returns, registers, challans, filings and other various compliances for a mid-size organization can easily be in a few thousands a year.

 
Did you know in 2019 there were 3000 legal updates? In dynamic business environment, legal updates change every now and then, In India there are 58,000+ possible compliances, 3000+ filings and more than 2500 legal updates a year. With more than 30 States/Union Territories and central updates.

In India, most of the compliance officers continue to manage their company compliances through manual tracking. This traditional mode of compliance management leads to an ad-hoc, people dependent and paper-based system that dilutes transparency and accountability. in a complex and fluid compliance landscape, often there are missed or incorrect compliances. which leads to risk of fines, penalties and in the worst case, closure of business.

How you are planning to manage your company compliances 2020 this year?

Digitisation is transforming the way enterprises operate as they pack the power of cloud, mobile and analytics making CXOs smarter, more efficient and more productive. Indian organisations have been aggressively digitising business processes. In the current wave, CXOs are focused on digitising Governance, Risk and Compliance Management Processes.

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Issued By Avantis Software
Business Address City Tower, Bund Garden, Pune, India
Country India
Categories Advertising , Blogging
Tags compliance management
Last Updated January 3, 2020