Businesses in India often consider compliance has an added pressure on operations. With more than a thousand Acts and around 58,000 compliances, doing business in the country is anything but simple. Medium-scale companies, on an average, have to stay compliant with as many as 100 Acts. Of course, some industries are more regulated than others, and what makes things even more complicated is the fact that getting legal updates in India is not easy. There are more than two thousand government websites that offer these updates.

What to expect from compliance management software?
One of the foremost aspects of having software for compliance governance software is transparency. You have a comprehensive compliance database that’s updated and serves as the base to ensure that your business remains in sync with requirements. Also, you can expect to get regular and timely updates for legal and regulatory matters that may pertain or are relevant to your company, so there will be no delay in taking action.

Secondly, it reduces the work of your compliance management team because they don’t have to track everything from scratch. Most software programs also offer a dashboard that includes all the information, so that businesses can prevent any mistakes that can have consequences. Furthermore, they can get notifications on the go, both while using an app on mobile and through updates sent on official email and phone.

Things to consider
There are various aspects to consider before you consider investing in regulatory compliance software. First and foremost, consider the on boarding experience. Products that are offered as Software As A Service (SaaS) are better in terms of deployment and wouldn’t require your company to stretch further on IT budgets. You also need to check if the actual on boarding process impacts your business, and if the software can scale as your company grows, because the compliance needs will also increase. What also matters is how you manage compliance effectively with the software, so a well-designed interface and updated dashboard are features worth checking.

Find more on compliance management software in India now! Please visit www.avantis.co.in or Call us at 8893594595 for details or write to us at [email protected] to schedule a demo.