- Licenses, Approvals, Registrations & Certifications required during commencement of business, office, service, product line, etc
- Appears in loop basis date and duration of approval granted
The Companies Act, 2013, SEBI Listing Regulations and now The Code of Ethics by ICAI; all have re-emphasised the significance of adopting industry’s best Governance practices by implementing a robust Statutory Compliance Management framework.
It's the responsibility of Key Managerial Personnel (KPMs), Board of Directors, CFOs, Chartered Accountants, Company Secretaries, General Counsels, Auditors to devise an effective system to ensure adherence with all provisions of applicable laws and clearly established responsibility matrix.
It is a daunting task for any Compliance Officer to give assurance to the board as number of applicable laws and compliance could be anywhere between 50 to 1,000+ and 2,000 to 50,000+ respectively; basis no. of entities, locations as part of the group.
Increasing Risks &
Segregation of Roles
Fragmented and inadequate reporting
Lawrbit Regulatory Compliance Management System (GCMS-India) seamlessly integrates Technology with Laws, Compliances and has been created with decades of experience of its founding team in building technology solutions, consulting MNCs, industry leaders, SMEs & start-ups in strengthening their Risk & Compliance Framework.
Lawrbit GCMS - India is an Industry-leading Regulatory Compliance Management Software; trusted by 1,000s of legal users across industries and geographies. Our clients have experienced a positive shift of attitude towards compliance management, improved adherence & employee satisfaction and reduction in overall cost and time in managing compliance.
UNIVERSAL COMPLIANCE LIBRARY
Process Driven . 4 checkpoints . 13 categories
COMPREHENSIVE LEGAL COVERAGE
60+ Parameters . Documents . Definitions
REAL TIME LEGAL UPDATES
2,000+ Websites . Notifications . Description
5 DIFFERENT LINES OF DEFENCE
Owner . Approver . HOD . CXO . Auditors
REMINDERS, NOTIFICATIONS, SCHEDULERS
Personalised Mailers . Configurable
ANALYTICAL REPORTS & DASHBOARDS
Heat Map . Geo Map . Report Builder . Pivot
We provide comprehensive covering across all laws applicable on the business
Laws suggests varied type of obligations on business; we have intelligently bifurcated them to ensure you don’t miss any
60+ Parameters covering various compliance aspects are captured
Basis type of action required, compliance across categories are further bifurcated in 4 modules
Licenses, Approvals, Registrations, etc
Monthly, Quarterly, Bi-Annual, Annual Filings
Secretarial & Non Secretarial Corporate Actions
Registers, Procedures, Displays, Provisions, etc
Build on most advanced platform & hosted on AWS, our solution is feature rich, intuitive and easy to use
We noticed that Legal Compliance Management tools become unreliable within a few years as Compliance updates are manual and faulty. With our SaaS offering, we overcame this challenge of infrequent & non-standard updates on previous-gen solutions.
Offered as SaaS; solution comes with our warranty to keep it updated & upgraded without client involvement
Underlying technology & app are upgraded frequently to keep with changing needs & evolving tech landscape
Substantial portion of revenue is ear marked for R&D to build new features & functionalities to ease end user work
Team of Lawyers, Chartered Accountant, Company Secretaries & Engineers can be available on call
Compliance Health Checks, Business Impact Analysis, Configuration & Operation Support Services on Demand
Sr. Vice President - Legal & Secretarial, Indiamart
Establishing a comprehensive compliance tool in a group spanned across 6 legal entities, having offices across the country is not easy without clear vision, consistent approach & agility to manoeuvre; Lawrbit could achieve this with our consistent support.
Having worked on many compliance & litigation solutions in past, what I liked is their easy user interface, seamless integration with Regulatory Intelligence & real time updates, analytical dashboards for the management.
The holistic approach of Lawrbit GCMS towards compliance; bucketing them in types, categories gives a comfort that we have control on compliance across the group. The team is proactive, helpful and has positive attitude towards our requests.
IndiaMart Intermesh Limited)
Very user-friendly and comprehensive Regulatory Compliance Management Tool provided by Lawrbit. The dashboard is very elaborative. The reports are detailed and customized. The best part is Regulatory Updates, which are real-time and come with comparative analysis of impacted compliances. Compliance Certificate is an authentic and best report to be presented to the Management or the BODs
Head – Legal & Compliance, Maersk GSC – India, China & Philippines
We spent almost 1 year evaluating every possible option available, including Big 4s; found Lawrbit’s delivery model & technology most compelling. They have gone in every detail around compliance nuances. We signed up during Covid period my worries doubled, but their implementation team (Global & Indian) did phenomenal job & went live within set timelines. Our teams across India, China & Philippines are happy with roll out and support provided during & post Go-Live