Introduction

The world of Compliance is evolving rapidly. India’s com­pliance universe has 1,536 Acts, 69,233 compliances, and 6,618 filings. Organisations deal with hundreds of Acts and thousands of Applicable Compliances in India. There are differences in forms, formats, dates, eligibility criteria, applicability, interest, and penalty structures. To add to the woes, the regulatory environment changes over 3,000 times a year. In spite of best efforts, it is easy to miss critical compliances. The complexity of compliance management increases exponentially with industry, sector, geographic spread, size, and headcount. The cost of missed and delayed Compliance in India has gone up dramatically. Ad-hoc, paper-based, and people-dependent practices do not work anymore.

Digitization holds the key. It helps bring transparency, accountability, timeliness, and control to Compliance Management. In this webinar, we will see how to build a culture of compliance with technology.

Key Takeaways

  • The complexity of Compliance Management in India
  • How digitization helps increase transparency, accountability, and control
  • How to start a digital compliance journey

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