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.