In an era of increased accountability, stakeholders are responsible for corporate governance and ensure the entities that they are associated with are compliant. Apart from the senior leadership, investors and independent directors now expect a unified and standardized compliance management strategy to help enforce consistent regulatory compliance processes.
Having partnered with some of India’s leading organizations over the past two years, Lexplosion is perfectly positioned to assist your company in its endeavor to achieve this through its robust compliance management services.
The major concern for companies is to manage the dynamic compliance landscape and most of this is done manually. Compliance risks for an organization include penalties, fines and even imprisonment at times. Staying abreast of the repository of compliance regulations and keeping it updated remains a daunting task despite deploying extensive resources.
Our technology-driven compliance management software - Komrisk is accessible online. We are amongst the first to introduce a mobile app available on Android and iOS. The extensive experience of our lawyers across industries has resulted in the largest compliance database with more than 28,000 compliances with periodic compliance update.
Komrisk covers all enactments across all industries. It has an easy-to-use user interface with online database and role-based dashboards, supporting management by exception and acts as a single source of truth of all associated compliance proofs.
Government of India has undertaken various schemes like Make in India to boost the MSME sector. MSMEs need to stay compliant to be attractive for MNCs and venture capital funds. In line with our mission to make law easy using technology, we have introduced a compliance management software specifically designed for MSMEs – KOMPLIFY.
Komplify utilizes a smart compliance engine to simplify the compliance regulations making them easier to understand and allows MSMEs to have all the regulatory compliances in a single window that is updated periodically. Komplify provides compliances online and acts as a storehouse of all documents – latest forms, compliance proofs, etc. Drill-down reports provide real-time compliance status thereby reducing chances of penal action and reputational loss.
Robust corporate governance policies improve the corporate brand equity before potential investors as compliant businesses are their preferred destination.