Importance and Benefits of Legal Compliance Management Tool

Enforcing compliance helps your company to prevent and detect violations of rules by protecting your organization from fines and lawsuits. The compliance process should be ongoing as many organizations establish a consistent program and accurately govern their compliance policies over time. It is also important to ensure that internal compliance is adhered to any type of complains or issues that is being monitored and addressed properly before it affects the entire corporation.

Now lets us have a glimpse on how does Legal Compliance Management Tool helps, what it offers, covers and why corporates prefer this tool.

How Legal Compliance Management Tool helps?

Ready-to-Use Compliance Checklists:

All statutory and procedural requirements are automatically listed by the software as individual compliance items are tracked and managed by increasing transparency. The software also helps you with a clear view of compliance gaps by comparing what is required statutorily and what have to be done. You can get start tracking from the word Go.

R.A.G Compliance Dashboards and Reports:

Every compliance item gets automatically graded as Red, Amber or Green (R.A.G) based on the compliance status with instant results. It is helpful to determine about your company’s statutory compliance gap. With the R-A-G grading, now it is possible to check with each compliance item by fetching quick reference report of your company’s compliance status in a quick snapshot.

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Information is Wealth:

The tool helps you with a clear view of compliance gaps by comparing what is required statutorily and what have to be done at the moment and what necessary action to be taken.

On-time, Always:

With automatic alerts, it reminds every users about each pending compliance item to take timely action.

Legal Compliance Management Tool offers -

• Control on your day-to-day compliance
• An alerting mechanism for upcoming due dates
• A real time dashboard and reports on compliance status
• The ability to store records linked to your compliance

Legal Compliance Management Tool covers -

• Corporate Laws Compliance
• Labour Compliance
• Taxation – direct and indirect tax compliance
• FEMA Compliances
• Industrial Law
• Export/ Import related regulations
• NBFC regulations
• Food regulations
• Building and safety regulations
• Governance related regulations
• STPI/ SEZ compliances

Why Corporates prefer Legality Simplified?

• The company have team of legal experts who have about 30+ years of industry experience and expertise in using Legal Compliance Management Tool
• They offer GOAL (Legal Compliance Management Tool) which till date have tracked 35000+ compliances
• The experts are constantly in touch with the changing legal landscape through Audits, Training and advisory services
• They also provide predictability outflow pricing plans to their clients
• There is no user restrictions in accessing the tool
• The company has track record of 99.99% application uptime
• The suite of Compliance modules are customizable according to the needs

So these were the importance and benefits of Legal Compliance Management Tool that helps every business owners to get answers for their questions which plagues organizations the most. Most of the businesses either have a legal team on their own or outsource / seek the assistance from legal professionals to manage all their statutory compliance requirements.

Have you complied with all the applicable laws? Is there any gap or risk of possible penalties? If yes, then simplify your compliance with GOAL tool today.

I hope this article was helpful in understanding the importance and benefits of Legal Compliance Management Tool and also why do you need legal experts help.

Do let me know in the comment section that what sort of compliance gap you are experiencing now or struck.

Legality Simplified = Legal presented simply with IT. We aim to bring a seamless integration of legal and statutory requirements of a company using the latest information technology platforms to make it easier for companies of today and tomorrow more