SERVICES

Compliance Services

Compliance Gap Assessment & Analysis

At ricago, we help organizations to prepare a compliance gap analysis by conducting a compliance gap assessment. We organize a workshop at the client location to collect the information such as all the legal entities, business verticals, industry, geo-locations and meet the stakeholders who are managing the compliances to prepare a comprehensive list of applicable compliances.

ricago has been maintaining a compliance content library which has grown to over 1,500+ Acts and 27,000+ Compliance Line items with optimal information as description, what to do, how to do, when to do, cost of non-compliance etc with all documents updated in the system to refer. The Compliance Content Library ensures to provide optimal information about compliance and updates/ amendments on existing laws.

Benefits:

  • Comprehensive, relevant compliance checklist for the organization
  • Subject Matter Expertise across various functions of Tax, Secretarial, Legal, Labour and other functions
Input Tax Credit Management

Compliance Framework

It is important for any organization to adopt a Compliance Framework that addresses the widest possible range of regulatory compliances and acts.

Large Enterprises with multiple business locations, type of business and many functions – face an enormous amount of complexity in managing their compliance landscape which is comprised of regulatory compliances, internal compliances, declarations, notices, events (AGM, Board Meeting), contractual renewals, registrations/licenses and more.

We realized the gap in the market in terms of technology-based platform which can simplify, streamline and automate tasks that were consuming maximum time, including data collection, document aggregation, workflow and reporting and we came up with customized technology assisted compliance framework for the organizations.

Empowered with this technology, relevant teams can primarily focus on deeper analysis and engagement that leads to more effective remediation and control of the risk in organizations.

Activities:

  • Comprehensive study of company’s structure and business frameworks to build compliance framework
  • Study existing compliance and Identify the gaps
  • Formulate compliance framework for the organization with detailed process and workflows, including reporting
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