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Benefits of Compliance Monitoring Software
BUSINESS BENEFITS :
Reduce the Risk of Legal Compliance
The Compliance software can save on heavy penalties and harassments: Constant alerts and Compliance monitoring make sure that the task is done on time and to its definition.
The Compliance software helps in reducing non productive time of responsible teams by cutting down/ eliminating time spent on information gathering, compiling, precessing, and reporting compliance status - resulting in avoiding of penalties and harassment.
Constant review and Compliance tracking possible with the help of detailed reports generated by the software and inbuilt communication log.
Reduced pain of attrition as work done as well as job and work detail are maintained and accessible by a single click.
Efficient resources management and planning based on prior knowledge of scheduled activities for coming months, quarter, or year.
Better internal (within organization - inter department, inter location, and inter people) as well as external (with Consultant, CA, CS, Lawyers, etc) coordination and communication maintaining logs and allied details.
Effective management of teams at different locations based on availability of uniform format and centralized control.
Peace of mind for senior management.
Calender view of tasks - pending, overdue, done, or delayed done
Real time visibility to compliance status
Predefined and customizable reports
Deliver up-to-date information through out the organization on need to know basis
Alerts for exception and escalation
Centralized storage of documents (including proofs of compliance)
KEY REPORTS :
Compliance Control Report
Helps in ensuring that all compliance are defined / not overlaping
Compliance Status Report
Provides at glance count of pending, overdue compliances against target date or due date
User wise compliance status
Department wise compliance status
Location / company wise compliance status
Agency/ Authority wise compliance status
Month wise compliance status
Compliance Month Modification Log Report
Alert Notification Log Report
Application Usage Report
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