Need Of Compliance Management
Expansion in terms of geographies and functions, has necessitated the corporates to comply with multiple regulations. It requires systematic approach and co-ordination among functional departments, to avoid any material noncompliance. Nevertheless, some corporates perceive legal compliance, substantive and procedural, as mundane activity involving costs and fail to realize the cost of non compliance that may have an irreversible negative impact on the reputation of business.
Dashboard
Get comprehensive picture of your compliances which are upcoming, inprocess, pending and completed
Get Event Reminders
Set event reminders for your team mates & get notified on your registered email in advance.
Get Escalation Matrix
Create workflow of escalation matrix. get compliance notification according to the defined escalation matrix.Compliance Management
- All compliances are being managed by the respective corporate function like Admin, HR, IT, Finance, etc.
- Compliance Department provide guidance on compliance requirements and manage escalations
- Respective corporate functions maintain excel sheet for reminders and tracking and MIS reports
- Secretarial function / Compliance function takes Compliance Certificate from respective corporate function to issue Compliance Certificate on behalf of Company
- Non-compliance, delay in compliance often goes unnoticed
Why Volody's Compliance Management Software
ESCALATION MATRIX
CREATE WORKFLOW DEPARTMENT WISE THROUGH ESCALATION MATRIX. USER WILL GET THE NOTIFICATION AND REMINDER THROUGH MAILS. IT WILL ENSURE THAT UNRESOLVED PROBLEMS DON'T LINGER AND ISSUES ARE PROMPTLY ADDRESSED. THIS HELPS IN APPROPRIATE ACTIONS, SUCH AS A CHANGE OF STATUS OF PROJECT OR A NOTIFICATION TO A PROJECT MEMBER.
COMPLIANCE DASHBOARD
IT IS A SINGLE ENTERPRISE-WIDE DASHBOARD FOR ALL USERS TO TRACK AND TREND COMPLIANCE EVENTS. HERE YOU CAN VIEW COMPLETE DEPARTMENT WISE STATUS OF YOUR COMPLIANCE WHICH ARE UPCOMING, NOT COMPLETED, COMPLETED IN TIME AND COMPLETED WITH DELAY.THIS CENTRALISED MECHANISM OF TRACKING AND MONITORING COMPLIANCE HELPS IN EFFECTIVE CO-ORDINATION OF DIFFERENT BUSINESS UNITS. COMPLIANCE DASHBOARD ALERTS THE COMPANY IN THE RISK PRONE AREAS OR NON- COMPLIANCES.
COMPLIANCE CALENDAR
“SAFETY VALVE AGAINST UNINTENDED NON COMPLIANCES” COMPLIANCE CALENDAR DISPLAY THE COMPLIANCE OBLIGATIONS ON THE COMPLIANCE CALENDAR. IT DISPLAYS ALL THE UPCOMING EVENTS WHICH WILL OCCUR IN THAT PERIOD, SO THAT NO UPCOMING EVENTS ARE MISSED AND INSURES TIMELY COMPLIANCE OF THE SAME BY THE PARTICULAR DEPARTMENT RESPONSIBLE FOR IT AND ALSO REFLECT THE STATUS OF COMPLIANCE.
