1. Compliance
What is compliance
Word “compliance” means that an individual
or a group conforms with or obeys a set of
rules or regulations determined by the law or
any governing body.
2. Compliance
• In simple words Compliance is a
procedure ,which is to be done .
–Every time, In time.
–Can be statutory or In house.
–Must for smooth functioning of any
organization.
3. 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 time
consuming
4. Compliance
Compliance Obligations can be as.
• Finance
• Import/Export
• Environmental
• Data Protection
• Tax (Direct / In Direct)
• Labor/HR
• Immigration
• Health and Safety
6. Compliance
Turn Compliance program into Asset for the
company.
• In time communication yields revenue.
• Avoids unnecessary costs in terms of
money and time.
• Raises employee morale , innovation and
productivity.
• Part of Good governance .
7. Compliance
Need 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 )
