Compliance Management System (CMS) is an enterprise-class compliance solution that simplifies and automates the complete governance, risk and compliance processes in the organization.

CMS is equipped with an extensive compliance library that delivers a comprehensive compliance checklist applicable for an organization with complete information about regulatory requirements. The library also lists regular updates/ amendments on existing laws and information on induction of new laws.

CMS is built on a workflow-based platform, which ensures a “Maker-Checker” mechanism to manage all the compliance line items effectively with an apt collaborative capability. Work-flow can be defined from 1 to 4 actors and these actors can collaborate with other stakeholders within the system to ensure timely closures.

CMS adopts a compliance life cycle approach which ensures managing not only all the compliances, but also Notices, Critical Items, Incidents, Registrations/ Licenses/ Approvals, Declarations and many more. In short, any compliance mandate for an organization can be managed within CMS.

CMS has a very innovative and robust event-based module that helps organizations in managing different types of business events. It has the ability to create and track the pre and post activities related to business events to ensure their timely closures.

CMS works like a central repository of all the documents related to compliance/ licenses/ registrations. CMS can be integrated with active directory and/ or internal systems such as ERP.

CMS has a Robust Dashboard & Report Module which provides real-time infographics with drill-down capability. All kinds of exhaustive reports (legal entity/ department/ division/ location wise) can be generated which provides relevant and actionable up-to-date information about the compliance posture of the organization to senior management and Board.

 

Managed Compliance Services:

ricago compliance managed services aims at easing the compliance burden for internal teams. our expert compliance team will co-ordinate with the internal compliance teams and will handle the compliance items on their behalf. ricago  Managed Compliance Services are backed by our technology-enabled Compliance Management System. The client will be given access to real-time dashboards to track the compliance status.

  • Minimal disruption to client compliance team processes
  • MIS support as per client’s requirements and formats
  • Coverage includes regulatory compliances, Notice Management, Registrations /Licenses /Certificates

Compliance Library

  • Covers all legislations ranging from Centre to State and up to Municipal level
  • Includes all industry centric, corporate law, tax law, labour law, EHS acts
  • Tracks all the updates/ amendments and business events
  • Detailed description of acts: what to do, how to do, when to do, criticality, cost of non-compliance etc

Workflow-based System

  • Workflow configurations from 1 to 4 actors (stakeholders)
  • Assign tasks to other department stakeholders to seek inputs/ information
  • Configurable escalation matrix up to 4 levels
  • Comprehensive log history

Event-based Module

  • Builds event-based compliance calendar and check-list
  • Helps in managing complex business events
  • Covers pre and post-event activities
  • E.g.: IPO preparation, conducting AGM/ Board meeting, starting a new venture/ facility, etc.

Configurable System

  • Integration option with existing systems such as ERP
  • Document (related to Compliance/ License/ Notice) management
  • Conglomerate structure management – configure complex organization structure easily
  • User management

Dashboard & Report

  • Integrated view of compliance posture with Trends and Heat Map
  • Drill-down capability to analyze the progress of the organization’s compliance activities
  • Configurable email alerts and notifications
  • Robust scheduling and escalation

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