ComplianceWhat is complianceWord “compliance” means that an individualor a group conforms with or obeys a set ofrules or regulations determined by the law orany governing body.
Compliance• In simple words Compliance is aprocedure ,which is to be done .–Every time, In time.–Can be statutory or In house.–Must for smooth functioning of anyorganization.
Compliance• Non Compliance can be– Problem for any organization.– It can be expensive legal violation.– It can be a loss business opportunity– Penalties can be huge and timeconsuming
ComplianceCompliance Obligations can be as.• Finance• Import/Export• Environmental• Data Protection• Tax (Direct / In Direct)• Labor/HR• Immigration• Health and Safety
ComplianceWhy my company should havecompliance program ?
ComplianceTurn Compliance program into Asset for thecompany.• In time communication yields revenue.• Avoids unnecessary costs in terms ofmoney and time.• Raises employee morale , innovation andproductivity.• Part of Good governance .
ComplianceNeed for Application as Collaborative tool- It is a Digital diary hosted on cloud.- Tracks all the events assigned to users.- Generate alerts in time .- Reminds by emails and visual display.- Available on Smart phones (Android/ipads )